News

City hopes of an early a sell-off of the taxpayer’s stake in Royal Bank of Scotland were dealt a massive blow today as its finance director, Nathan Bostock, was poached by rival Santander UK.

Pym to be chair of Northern Rock bad bank

Richard Pym has been appointed as chairman of Northern Rock's "bad bank". He was chief executive of Alliance & Leicester between 2002 and 2007 and is chairman of Bradford & Bingley, another nationalised bank.

The bank charges ruling explained

What did the Supreme Court rule?

Civil servants will lead hunt to find new chairman for nationalised bank agency

The Treasury is carrying out its own search to find the new chairman for UKFI, the government agency which overseas the shareholdings in the UK's banks, Royal Bank of Scotland and Lloyds Banking Group.

£325bn: Taxpayers' exposure to RBS losses

The Government agreed yesterday to inject up to £25.5bn of extra capital into Royal Bank of Scotland as part of its plan to insure the stricken banking giant against future losses.

Abbey National profits up by a fifth

Spanish-owned Abbey National provided some rare good news in the embattled banking sector today as it said annual pre-tax profits lifted by more than a fifth to £991 million.

RBS set to admit massive losses on toxic investments

Lloyds reluctant to give state a majority holding

Brian Viner: 'What, some might ask, is so awful about filling in forms? Where do I start...'

Home And Away: "The forms, the forms!" I wailed, in the manner of Charles Laughton in The Hunchback of Notre Dame

Pandora: Murdoch matriarch's sideswipe at Wendi

Rupert Murdoch's 99-year-old mother, Dame Elisabeth, might strike you as a harmless old dear, but that hasn't stopped her from planting a right hook on her icy daughter-in-law Wendi Deng.

Questions of Cash: 'I got stung by the B&B rescue. Can I sue?'

Q. I am one of many Bradford & Bingley shareholders who have lost out through the company's nationalisation. I received 250 free shares, and when asked to contribute to the rights issue paid nearly £200, only to see it wiped out in the nationalisation two months later. I am unhappy with the behaviour of the directors and auditors responsible for the rights issue. The rights issue was made on the basis that the company was a going concern. But it now seems it was not a going concern at the date of the rights issue. The public does not have the same access to information as the directors and auditors, and we could not make a reasonable judgement on the value of the shares. Do shareholders have a valid claim against the directors and auditors? CM, by email.

Santander shares slip as it announces €7.2bn rights issue

Santander, the Spanish bank that owns Abbey National, Alliance & Leicester and Bradford & Bingley's British savings business, bowed to economic pressure yesterday and announced a €7.2bn (£5.9bn) rights issue.

Terence Blacker: Driven to despair as I wander in the seventh circle of call-centre hell

They are usually polite. They introduce themselves by their first names, and address you by yours. They assure you at every opportunity that they are there to help you. Then they take you into a nightmare world where all normal standards of behaviour are reversed and nothing is quite what it seems.

Alan Watkins: Brown's control of the crisis is illusory

The Prime Minister has run an effective PR campaign, but he has little real idea of how to regulate the banks

Barclaycard finded £50,000 for silent calls

Ofcom today fined Barclaycard £50,000 for breaching rules on silent and abandoned calls, the regulator announced.

Santander fury about deal to secure Lloyds 'HBOS takeover

Banco Santander, the owner of Abbey, is said to be furious about the Government's decision to waive competition rules for Lloyds TSB's £12bn takeover of Halifax Bank of Scotland. Spain's biggest bank has agreed to buy Alliance & Leicester but would have considered a bid for HBOS instead if it had known the deal might be allowed.

RBS appoints heavyweight bankers to appease critics

Royal Bank of Scotland's appointment of three banking heavyweights to its non-executive board looks to have appeased critics angered by the bank's losses this year. Some analysts have warned, however, that it is only one step in the right direction.

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Prices correct as of 17 October 2014
Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London