News

Figures undermine Osborne's claims that sale presented a profit for taxpayers

Water chief's payout 'should be put on hold'

Northern Ireland Water chief Laurence MacKenzie's £96,000 farewell payout should be put on hold, it was claimed tonight.

'Technical error' leads to Halifax bank payment delay

Incorrect bank balances, declined cards and missing wages were all reported by shocked Halifax and Bank of Scotland customers today.

Bank bosses hit back at break-up proposals

Britain's two state-backed "zombie" banks yesterday rejected calls for a break-up of Britain's banking giants, telling the Treasury Select Committee that the sector was "enormously competitive".

Market Report: Return of Ingenico bid talk pushes Sage up

There was plenty of bid speculation for investors to get their teeth into yesterday, as talk re-emerged about Sage potentially making a play for the French company Ingenico following rumours earlier in the week.

Boots poaches Argos executive

Alliance Boots has lured a former director of Home Retail to its UK health and beauty division.

Labour's young ones on the move: 10 names to watch

Being a 'star of the future' can be the kiss of death for a promising career. But history shows that would-be Prime Ministers are far from the spotlight when their party first loses office. Matt Chorley scans the horizon

Quarter of financial services complaints about Lloyds

Part-nationalised Lloyds Banking Group accounted for more than a quarter of all complaints made against financial services firms during the first half of the year, figures showed today.

Consuming Issues: Looking for bad service? Visit a high street bank

Unlike our homes and cars, most people never change bank. Two years ago the Office of Fair Trading found 64 per cent of consumers had always had the same current account. As a result most of us are stuck with mediocre rates and rotten service.

Scott-land: The Man Who Invented A Nation, By Stuart Kelly

The evaluation of a fiction rests on impact not truth," writes Stuart Kelly in a work that evaluates the impact of the many fictions, literary and otherwise, of Sir Walter Scott. Scott's impact was considerable but Kelly is aware of the problems facing this book; nobody reads Scott now, and his surviving legacy is often viewed negatively. Kelly quotes, among others, Irvine Welsh's dismissal of Scott: "Just an arse-licker to the Prince Regent".

Lloyds bank facing 1,850 complaints per day

Lloyds Banking Group received nearly 2,000 complaints a day from disgruntled customers during the first half of the year, figures showed today.

Lloyds shuts up shop in Ireland

Lloyds Banking Group will shut its business in Ireland by the end of the year to draw a line under Halifax Bank of Scotland's reckless expansion in the once-booming republic.

Bank of Scotland (Ireland) to close down

Bank of Scotland (Ireland) is to shut down, it confirmed today.

Sean O'Grady: Who's in charge in a crisis? It is now very much Mervyn, but it should be George

Outlook: It may – or may not, looking at recent events across the Channel – be too early to ask the question: "Who's in charge in a financial crisis?" But the Treasury's latest proposals on banking regulation do not in any event answer it very satisfactorily.

Business Diary: The banker who really is a pirate

We are indebted to Bloomberg for its update yesterday on the career of Gordon Dickson, a one-time risk officer at Halifax Bank of Scotland. Mr Dickson, who had been at the bank for 40 years, lost a fortune during the financial crisis, as HBOS succumbed to the credit crunch and had to be bailed out by Lloyds; he was left thoroughly disenchanted with the industry to which he had given his working life. But now he has a new profession that is much more fulfilling, reports Bloomberg – he is Pete the Pirate, an eyepatch-wearing children's entertainer.

Lloyds sells private equity arm to Coller Capital

Lloyds Banking Group, which is 41 per cent owned by the British taxpayer, has agreed to sell its private equity business to Coller Capital.

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