Banking And Finance NEWS

Co-operative Group suffers heavy losses of £2.5bn in 2013

The Co-operative Group, a British consumer cooperative that operates a range of retail businesses, announced its final results for the 52 weeks ended 4 January 2014 on Thursday, which showed losses of GBP2.5bn … Continue reading “Co-operative Group suffers heavy losses of £2.5bn in 2013”


US Federal Reserve bank and tapering: what does it mean?

Learn more about spread betting with IG: http://www.ig.com/uk/spread-betting Chairman of the Federal Reserve, Ben Bernanke, introduced ‘tapering’ during the conclusion of the two-day meeting when each arm of the Federal Reserve bank met … Continue reading “US Federal Reserve bank and tapering: what does it mean?”


Bank of England to issue plastic five and ten pound banknotes from 2016

UK banknotes will be printed on polymer, a flexible plastic film, instead of cotton paper, the Bank of England revealed on Wednesday. New GBP5 polymer banknotes will be issued in 2016 and banknotes … Continue reading “Bank of England to issue plastic five and ten pound banknotes from 2016”


Lloyds TSB Bank and Bank of Scotland fined total of GBP28m by FCA

The Financial Conduct Authority (FCA) has found that certain Lloyds Banking Group (LBG) firms did not properly control higher risk features in financial incentive schemes for their staff, which resulted in advisers selling … Continue reading “Lloyds TSB Bank and Bank of Scotland fined total of GBP28m by FCA”


EC issues fines totalling EUR1.7bn to eight banks for rigging financial benchmarks

Banks involved in a financial cartel that colluded to fix crucial benchmark rates have been levied with fines that total EUR1.7bn by the European Commission, it was reported on Wednesday. These benchmarks included … Continue reading “EC issues fines totalling EUR1.7bn to eight banks for rigging financial benchmarks”


HM Treasury announces publication of RBS Bad Bank Review

Banking and financial services company RBS Group is determined to become an asset, rather than a burden, to the UK economy, according to a statement released from HM Treasury, in which it announced … Continue reading “HM Treasury announces publication of RBS Bad Bank Review”


How to Improve Success Rates in ForexTrading

Whether they’re experienced traders or can be classed as novices, one of the many questions which Forex traders have is how they can go about improving their trading and in turn how they … Continue reading “How to Improve Success Rates in ForexTrading”


Carmaker Peugeot in talks to sell financing arm Banque PSA to Santander — report

French carmaker PSA Peugeot Citroen SA (EPA:UG) is holding preliminary talks to shed part of its auto consumer-credit unit Banque PSA Finance to Spanish lender Banco Santander SA (MCE:SAN), the Wall Street Journal … Continue reading “Carmaker Peugeot in talks to sell financing arm Banque PSA to Santander — report”


RBS seeks buyers for Australian school management group Axiom Education

UK bailed-out lender Royal Bank of Scotland Group Plc (LON:RBS) has hired Rothschild to help it dispose of its Axiom Education business in Australia, according to an informed source cited by Bloomberg on … Continue reading “RBS seeks buyers for Australian school management group Axiom Education”


BBA reports increase in new mortgage borrowing for May

The British Bankers’ Association (BBA), a UK association for the banking and financial services sector, released seasonally adjusted figures on Tuesday that indicate an improvement in the UK housing market. According to the … Continue reading “BBA reports increase in new mortgage borrowing for May”


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