BoE stress tests: all you need to know

The Bank of England has released the results of its latest round of its annual banking stress tests and its semi-annual financial stability report this morning. Used to measure the resilience of a bank’s balance sheet in adverse scenarios, the stress tests measured the impact of a severe slowdown in Chinese growth, a global recession […]

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Draghi: Eurozone will decline without vital productivity growth

It’s productivity, stupid. European Central Bank president Mario Draghi has become the latest major policymaker to warn of the long-term economic damage posed by chronically low productivity growth, as he urged eurozone governments to take action to lift growth and stoke innovation. Speaking in Madrid on Wednesday, Mr Draghi noted that productivity rises in the […]

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Asia markets tentative ahead of Opec meeting

Wednesday 2.30am GMT Overview Markets across Asia were treading cautiously on Wednesday, following mild overnight gains for Wall Street, a weakening of the US dollar and as investors turned their attention to a meeting between Opec members later today. What to watch Oil prices are in focus ahead of Wednesday’s Opec meeting in Vienna. The […]

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Banks, Financial

RBS emerges as biggest failure in tough UK bank stress tests

Royal Bank of Scotland has emerged as the biggest failure in the UK’s annual stress tests, forcing the state-controlled lender to present regulators with a new plan to bolster its capital position by at least £2bn. Barclays and Standard Chartered also failed to meet some of their minimum hurdles in the toughest stress scenario ever […]

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Barclays: life in the old dog yet

Barclays, a former basket case of British banking, is beginning to look inspiringly mediocre. The bank has failed Bank of England stress tests less resoundingly than Royal Bank of Scotland. Investors believe its assets are worth only 10 per cent less than their book value, judging from the share price. Although Barclays’s legal team have […]

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Categorized | Banks

Influential female banker Terri Dial dies

Posted on February 29, 2012

Terri Dial, who started her career as a bank teller before rising to senior roles at Wells Fargo, Lloyds TSB and Citigroup, has died at the age of 62.

Her 27 years at Wells saw Ms Dial move from the bottom rung of the corporate ladder to head the company’s California operation. She was then picked by Lloyds TSB to run the company’s UK consumer banks before Vikram Pandit, chief executive of Citi, chose her to run the company’s North American consumer banking unit.

Nicknamed “the human cyclone” for her rapid ascent and sometimes forceful attitude to business, she was a proponent of adopting quickly some of the technological changes that have shaken up retail banking in the past two decades.

Ms Dial left her Citi position at the start of 2010 in a management shake-up, though she continued to work as an adviser to the bank. Mr Pandit on Wednesday called her “one of the most influential bankers of her generation and, by any measure, one of the most powerful women in our industry”.