News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

George Osborne confirmed today the Government has sold a 6 per cent stake in Lloyds Banking Group for 3.21 billion at a share price of 75p.

£3.2bn Lloyds share sale paves way for second round but government makes only £61m profit

Government has sold a 6% share in Lloyds Banking Group

Privatisation of Lloyds begins as state sells 6% stake

Five years after the government bailouts, taxpayers are set to  recoup more than £3bn

The Business Matrix: Tuesday 17 September 2013

Coutts overtakes RBS for assets

Barclays rated as ‘worst bank’ for honesty and customer service

Barclays is the worst bank for honesty and customer service, according to an ethical scorecard launched to guide those looking to switch their current accounts.

Pound gains ground as Summers pulls out

Sterling hit an eight-month high against the dollar today after former US Treasury Secretary Larry Summers decided to pull out of the race to be the next Federal Reserve chairman.

Former RBS banker is jailed for hiding losses

A former Royal Bank of Scotland banker who racked up £19.5m losses, then admitted to committing fraud trying to hide them at the British taxpayer-owned bank, was yesterday jailed for 50 months.

The Business Matrix: Friday 14 September 2013

Weatherspoons chief defends pub

Ex-RBS banker Shirlina Tsang is jailed for covering up £19.5m losses

A former Royal Bank of Scotland banker who ran up £19.5 million losses, then admitted to committing fraud trying to hide them at the British taxpayer-owned bank, was today jailed for 50 months.

Lloyds told to pump extra £240m into TSB

Lloyds Banking Group was last night told to inject £240m into the revived TSB to boost its ability to challenge the Big Four British banks.

Interest rate swap scandal: Banks face hidden bill of up to £10bn to settle property developer claims

Britain’s banks face a hidden bill of up to £10bn to settle claims from property firms put at risk by the interest rate swap scandal, according to new research.

Anger over slow mis-selling payouts by banks

Banks have paid out £500,000 in redress to small businesses that were mis-sold interest rate swaps since the regulator ordered them to review 30,000 cases four months ago.

Chris Blackhurst: Scallops and Sellotape? How not to lead, by Fred the Shred

Midweek View: The Gogarburn HQ is a great monument to Mr Goodwin's vanity. The detail here is frightening, and laughable
Not seeing the wood for the trees: Fred Goodwin obsessed over RBS's new Scottish HQ

Fiddling while RBS burned – new book reveals Fred the Shred Goodwin’s fatal obsessions

Fred Goodwin was a corporate ‘psychopath’ who worried about minutiae as his bank lost control, a new book claims

Money Insider: Don't let short-term perks decide your bank account

Competition for current accounts intensifies ahead of faster-switching guarantees.

Tom Hicks (right) and George Gillett (left) with the then Liverpool chief executive Rick Parry following their takeover of the club in 2007

Former Liverpool chief Rick Parry reveals regrets over George Gillett and Tom Hicks era

Former chief executive says "you'd do a million things differently with hindsight" following failed ownership of American duo

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Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable