Bailed Out Banks
Spanish regulator suspends trading in Bankia sharesShares in Spain's Bankia have been suspended from trading ahead of a board meeting later today that will decide how much state aid the part-nationalised bank needs. |
Santander moves to reassure UK customers that money is safeSantander has admitted that some customers have been withdrawing funds but that its UK operations are separate to Banco Santander in Spain. |
Taxpayers "fortunate" to escape with £2bn Northern Rock lossThe National Audit Office reports that the sale of Northern Rock to Virgin Money minimised losses to the taxpayer but concludes that taxpayers will lose £2bn overall. |
Yield on Spanish medium-term bonds leaps to more than 5%The yield on Spanish medium-term bonds increased in a sale today as it was confirmed that the country has entered recession amid fears of an escalation in the Spanish banking crisis. |
Taxpayers ‘could wait years’ to get money back from RBS & LloydsIt could take at least five years to sell off the taxpayer stakes in RBS and Lloyds Banking Group, financial experts told MPs yesterday. |
RBS to repay £163 billion but taxpayer not out of woods yetThe Royal Bank of Scotland has confirmed that it will repay £163 billion of emergency loans it received at the height of the financial crisis next week. |
NBNK returns with new bid for Lloyds’ branchesNew banking venture NBNK has re-entered the race to buy 632 Lloyds bank branches after an offer from The Co-operative stalled due to regulatory demands. |
Barclays tops list as bank complaints up by 21% in six monthsBarclays was the most complained about bank in the second half of 2011, ahead of part-taxpayer owned Lloyds and RBS. In total complaints rose by 21% to 2.2 million. |
RBS stake could be sold to Abu Dhabi at a loss to taxpayerThe government has been in talks with Abu Dhabi sovereign wealth funds about selling a stake of up to a third of the Royal Bank of Scotland at a loss to the UK taxpayer. |
Hector Sants resignation could damage UK financial regulationHector Sants has announced he will leave his position as head of the Financial Services Authority after overseeing the creation of a new twin-peaks structure. |
Lloyds block £2.2m bonuses for former bossesLloyds’ former chief executive and three ex-colleagues have been denied £2.2 million in bonuses which were due to them following the HBOS acquisition. |
RBS and Lloyds to cut another 1,900 jobsPart state owned banks RBS and Lloyds have announced they are to shed a total of 1,900 jobs. Trade union Unite has called on the Government to intervene. |
RBS shareholders start £2.4bn legal claim against Fred GoodwinPrivate shareholders and institutional investors have begun a £2.4 billion legal claim against former chief executive Fred Goodwin and other former senior executives. |
HBOS: The bank that kept on giving when it should have stoppedThe FSA has accused HBOS of "serious misconduct" and ignoring risk as it continued a policy of "aggressive lending" even as rival banks changed to more prudent lending policies. |
Northern Rock Asset Management: Profits up and taxpayer repaid £2bnNorthern Rock Asset Management the company set up to manage Northern Rock's "bad bank" and Bradford & Bingley's mortgages reports pre-tax profits of £1bn and a £2bn repayment of its government loan. |
UKFI says taxpayer will see a return on Northern Rock saleUK Financial Investments the body that looks after taxpayer interest in banks that required a bailout expects an £11bn return on Northern Rock, but over 15 years. |
RBS chief Hester defends bonuses and warns on political meddlingStephen Hester, chief executive of the Royal Bank of Scotland, has warned that RBS could become another "British Leyland" if it is used as a political football. |
Lloyds Bank set to post £4bn loss for 2011Lloyds Bank is expected to post a loss of £4bn when it announces its financial results for 2011 tomorrow due in part to a £3.2bn bill for Payment Protection Insurance compensation. |
RBS to unveil £2b loss and £400m bonus pot for 2011The Royal Bank of Scotland (RBS) is expected to announce a £2 billion loss and £400 million bonus pot for 2011 when it releases its financial results for 2011 tomorrow. |
Lloyds Bank claws back bonuses from top staff who mis-sold PPILloyds Banking Group has announced that ten top executives will have to repay part of bonuses previously awarded as a penalty for the mis-selling of payment protection insurance (PPI). |
Bailed-out banks RBS & Lloyds to announce losses for 2011The likelihood of the UK taxpayer being repaid the £66 billion owed for bailing out the Royal Bank of Scotland and Lloyds any time soon is expected to dwindle this week when both banks announce their 2011 results. |
Stephen Hester admits he "considered resigning"Stephen Hester, chief executive of RBS, has vowed "to prove the critics wrong" in a memo released to staff as he breaks his silence over the recent banker bonus row. |
Fred Goodwin loses knighthood in the ultimate banker bashingFred Goodwin, former boss at the Royal Bank of Scotland has been stripped of his knighthood after it was decided he had "brought the honours system into disrepute." |
RBS bonus row highlights three key issuesThe toxic row over banker bonuses highlights whether banks owned by the taxpayer should pay bonuses, the amount that private banks should pay and what role the government has in setting limits. |
RBS caves in to political pressure as Hester rejects £1m bonusThe Royal Bank of Scotland boss Stephen Hester has rejected a bonus worth £963,000 after Labour threatened to force a parliamentary vote to have the deal overturned. |
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