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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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
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A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

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Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

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Homeless Veterans appeal: Christmas charity auction

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