All posts tagged Banking

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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 for 2013 when compared to losses of […]

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The Co-operative Bank faced with £400 million bill for mis-selling costs

UK mutual business The Co-operative Bank needs to raise approximately GBP400m to meet additional costs related to previous misconduct and poor documentation, following a review, the

HM Treasury

Agreement reached with major banks for provision of clearer account data


OFT to address banking service and loan concerns for SMEs

HSBC Canary Wharf

UK financial services sector profitability increases for fifth consecutive quarter

Continued recovery of the UK's economy is starting to take effect in the financial services sector, the Confederation of British Industry (CBI) revealed on Monday with

The City of London

Financial services sector confident about UK economic recovery

The UK financial services sector has high hopes for future profitability, as revealed in the latest CBI/PwC Financial Services Survey, which covered three months to September. It was


RBS declares pre-tax profits of £1.4bn and announces new chief executive

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

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

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