Banks face shake-up at payments firm The United Kingdom’s big high street banks could relinquish ownership of the company which administers Britain’s payments infrastructure amid mounting political pressure for them to cede control of the business. Sky News has learnt that Andrea Leadsom, the City Minister, and Mark Garnier, an influential member of the Treasury Select Committee, recently met bank executives and the boss of Vocalink to discuss the company’s future ahead of the launch of the independent payments industry regulator next spring. People close to the major retail lenders said that Vocalink’s board had appointed Lazard, the investment bank, to advise on raising capital to expand the payments company’s activities. ift.tt/1q7sPUI ift.tt/1ls1hrf [[Boost your social presence with NAIRALIKES nairalikes ]] #nigeria x #nairalikes #vanguardng
Posted on: Tue, 07 Oct 2014 03:59:05 +0000
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