Investments News
Cable says splitting up RBS may increase banking competition
Stephen Hester, the chief executive of the Royal Bank of Scotland says he is desperate to lend to companies but has found few takers for the £20bn it has available. |
RBS keen on taxpayer stake sale but Lloyds deal more likely
The sale of part of the 45% taxpayer stake in the Royal Bank of Scotland could start within 12 months though the government may decide the sale of its stake in Lloyds is a better deal. |
Bob Diamond says King did not have authority to force him out
Bob Diamond, in is first major interview since he was forced to resign from Barclays over Libor, says he was not in banking for the money and he underestimated the depth of anger against bankers. |
Osborne tells Bank of England not to hamper growth
The Chancellor, George Osborne has told the Bank of England's Financial Policy Committee to focus on short-term growth over financial stability to help the economy. |
Shares in Lloyds fall despite higher Q1 profits
Lloyds Banking Group made £2bn in the first three months of 2013 raising the prospect that the government could sell its stake in the bank before the next election. |
Commerzbank loses appeal over £44m banker bonus payments
Commerzbank has lost its appeal over having to pay 104 bankers a total of £44 million at a Court of Appeal hearing in London. |
MPs say "big four" abuse position to help rich pay less tax
The Public Accounts Committee has called for an end to the "big four" accountancy firms working for government claiming that they use inside information to help clients avoid tax. |
Barclays profit slump tempered by investment bank performance
Barclays has seen profits drop by 25 per cent in the first quarter of 2013, down to £1.8 billion as it incurs extra restructuring costs as it tries to change its culture. |
Osborne launches legal challenge against EU over Tobin tax
George Osborne confirmed that the UK is planning to launch a legal challenge against the European Union over its proposed financial transaction tax. |
Barclays draws line under the past as Rich Ricci retires
The head of Barclays investment banking division, Rich Ricci has retired just weeks after cashing in £17.5 million of shares awarded to him as a bonus for 2009 to 2011. |
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