Northern Rock has named a new chief executive to lead the government funded bank forwards.
Gary Hoffman, previously the vice chairman at Barclays has taken on the role, replacing Andy Kuipers who had been at the bank for the last 20 years. Mr Hoffman will officially take over at the end of August and is very excited to be given the task of heading up Northern Rock.
When Mr Kuipers, the last person from the previous board remaining, leaves it will signify a new start for the Northern Rock, bringing an optimism for customers, staff and investors that the future will be better than the recent past.
The annual survey carried out by the Natwest Bank claims that over 40 percent of the 750,000 undergraduates will be working part time during the forthcoming academic year.
The study, called the Natwest Student Living Index, also concluded that working students will earn approximately GBP2 billion over the year, a substantial sum by anyones calculation. The reality of student life is that they have to take on a part time job in order to have enough money to get by.
The Natwest Bank survey is also helpful for students considering where to study as it highlights the best places money wise. Plymouth is deemed to be the best place to be a student where money is concerned, while Exeter is seen as the most expensive.
Although the credit crunch has impacted on the performance of financial organisations across the country Lloyds TSB feel they are still on course to achieve their objectives for the year.
The well known high street operator Lloyds TSB saw their results down by almost GBP390 million because of the credit crunch but still saw a Q1 pre-tax profit that was up by over 10 percent. This is a great achievement for the organisation though some observers will wonder how much customers are paying over the odds to help them achieve such results.
A representative from Lloyds TSBexplained that they operated in a prudent fashion and so were not over exposed in the American sub prime mortgage collapse like many others.
