Banking Crisis
Bob Diamond says King did not have authority to force him outBob 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. |
FCA to launch investigation into RBS IT meltdown last summerThe newly-formed regulator, the Financial Conduct Authority has announced it will launch an investigation into the computer problems that affected millions of RBS customers last summer. |
"Big five" UK banks pay 771 staff £1m as profits wiped outA new report from KPMG says the "big five" UK banks have improved core performance but profits have been wiped out by the "cost of past mistakes". |
Barclays tries to hide £40m banker bonuses on budget dayBarclays released news of £40 million worth of bonuses to top executives on budget day and is now facing criticism that it tried to hide the news. |
UK banks bonus policies weaken argument against EU bonus-capThe chief executive of the Institute of Directors says that £1m+ banker bonus deals are helping to give capitalism a bad name. |
RBS says sorry again after 2nd IT systems meltdownThe Royal Bank of Scotland was forced to apologise to customers again after an IT meltdown left customers unable to access their accounts last night. |
Governor King warns current RBS structure is "nonsense"The Governor of the Bank of England, Sir Mervyn King has argued that RBS should be split up into a "good" and "bad" bank and that the fact it is 81% owned by the taxpayer is a "nonsense". |
Lloyds loss cut but PPI bill hits £6.8bnLloyds Banking Group reduced its losses from £3.5 billion to £570 million in 2012 as underlying profits improved. However, the huge PPI bill dragged down its results. |
RBS unveils 2012 losses of £5.2 billionThe Royal Bank of Scotland made an operating profit of £3.4bn but there follows a litany of severe banking errors that RBS has had to pay for in 2012, ending in a £5.2bn loss. |
Bailey appointed as head of new UK bank regulator PRAThe Bank of England has made Andrew Bailey deputy governor. He will lead the Financial Policy Committee tasked with ensuring there is no repeat of the financial crisis. |
Osborne says Bank of England will be "super-cop" of UK banksGeorge Osborne has set out new rules that will allow the new regulator, the Bank of England to shutdown banking operations if they flout ring-fencing rules. |
Court denies Barclays anonymity request over Libor caseHigh profile names at Barclays including former chief executive Bob Diamond have been denied anonymity at a forthcoming trial over the mis-selling of interest swap rates linked to Libor. |
Which? research finds "big five" banks still pushing for salesA new survey by consumer group Which? has found that despite numerous mis-selling scandals, bank sales staff feel under more pressure than ever to sell to customers. |
MPs say former HBOS chief is "either dishonest or delusional"The former chairman of HBOS, Lord Stevenson today faced MPs over the banks mistakes that led to its collapse and bailout in 2008 and admitted to "incompetence". |
Bank chief Haldane supports ring fencing of banksThe head of financial stability for UK banks has warned that banks should face compulsory break-ups if they do not ring fence their operations. |
King warns that recovery will stall until banks recapitaliseThe Governor of the Bank of England, Sir Mervyn King has warned that banks need more capital and assets may need to be devalued before the economy returns to normal. |
RBS Chairman hopes for sale of government stake before electionThe Chairman of RBS, Sir Philip Hampton, says that it is "a reasonable aspiration" for the government to sell some of its stake in the bank before the next election. |
Tucker: UK banks not strong enough for "end-of-the-world-risks"The Deputy Governor of the Bank of England, Paul Tucker has said that UK banks balance sheets are not strong enough to withstand "end-of-the-world-risks". |
Bank of England governor King supports Libor reformsThe governor of the Bank of England, Sir Mervyn King has said he supports the Libor reforms announced today by the Financial Services Authority and Martin Wheatley. |
Which? survey finds just 11% of consumers trust bankersConsumer champion Which? has stepped up its call for banking reform with the launch of its "Big Change" campaign. |
PPI claims rise by 75% in first six months of 2012The Financial Ombudsman Service (FOS) says there has been a big rise in PPI complaints in the first half of 2012 and 71% of PPI complaints are upheld in favour of the consumer. |
Barclays boss pledges "quick and bold" actionThe new chief executive of Barclays, Antony Jenkins has said that "quick and bold" action is needed to restore the bank's reputation but he will not get rid of Barclays Capital. |
RBS closes in on settlement of Libor fineThe Royal Bank of Scotland is in advanced stages of talks with UK regulators to agree a penalty for its involvement in the Libor scandal and is expected to face a fine of around £300 million. |
Unions call for radical reform of UK banksAhead of its annual conference next week, the TUC has called for radical reform of the UK banking sector including the nationalisation of RBS. |
MPs call on banks to check IT systems after RBS meltdownA Treasury Select Committee, led by Andrew Tyrie MP says that the RBS IT meltdown affected businesses as well as individuals. He praised the response of RBS boss Stephen Hester but said other banks must check their systems. |
Newsletter sign up