All posts tagged Banking

George Osbourne

Banking reforms outlined by UK chancellor

New measures to reform the banking industry in the UK were announced today by Chancellor George Osborne. In a speech on the Banking Reform Bill, which is being introduced in Parliament today, the chancellor said that big banks will be …

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US dollars

US banks see higher earnings on capital market activity, mortgage refinancing

Increased capital market activity drove stronger earnings and increased profitability for major US banks in the third quarter of last year, according to ratings agency Fitch Ratings. Fitch said

Lloyds Bank, London

UK’s Lloyds agrees to sell private equity portfolio to Coller for £1bn

British lender Lloyds Banking Group Plc (LON:LLOY) on Wednesday said it had struck a deal to dispose of a portfolio of private equity investments to a fund of

Banking

BBC Radio 4 explores ways to fix Britain’s broken banking system

On Saturday afternoon BBC’s Radio 4 reached the halfway point in a new series looking at what is wrong with British banking and how it might be repaired. ‘Fixing

The City of London

The City spent £92m on lobbying politicians last year — report

The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy

Bank of England

Banking industry inquiry expected to be announced

The UK government is expected to announce a review of the banking industry later today, after Barclays plc (LSE:BARC) was fined for trying to manipulate the London Inter-Bank

RBS

RBS chief executive will not take bonus after computer problems

The chief executive of the Royal Bank of Scotland (RBS) said today that he has decided not to take a bonus for this year. Stephen Hester's decision follows a

Bank of England

UK banking culture needs to change, says Bank of England governor

Bank of England governor Sir Mervyn King said today that action is needed to reform the structure and culture of the UK banking industry. His comments came after the

HSBC Dubai

Dubai economy now on the up, say DED and HSBC Banking

Traditionally a treasure chest of good news for the financial and banking world, Dubai is boasting more positive data these days, according to reports by HSBC and

Spanish Banking

Shares down on continued worries over Spain and Greece

Worries over the situation in Greece and Spain sent shares down on the opening on Friday, with Spain's blue chip index falling by over 2% before recovering,

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