Banking And Finance NEWS

Remortgaging activity jumps 22% in June

Mortgage lending in the UK was 22% higher in June, with remortgage activity rising by over a third month-on-month and year-on-year, the Council of Mortgage Lenders (CML) revealed on Tuesday. The rise in remortgage activity … Continue reading “Remortgaging activity jumps 22% in June”


UK Government sells off RBS shares for £2.1 billion

The UK government has commenced the sale of its shares in majority state-owned retail bank, the Royal Bank of Scotland (RBS), which was bailed out by the government during the financial crisis in … Continue reading “UK Government sells off RBS shares for £2.1 billion”


Lloyds profits increases to £1.2 billion while PPI compensation costs rise by £1.4 billion

Lloyds Banking Group has set aside a further £1.4bn to cover compensation claims by customers who were mis-sold payment protection insurance (PPI), but has declared a 38% rise in half year profits to … Continue reading “Lloyds profits increases to £1.2 billion while PPI compensation costs rise by £1.4 billion”


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”


Navigate Articles by Page ....

1 4 5 6 7 8 17