News

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

James Moore: If you really want RBS to start lending to firms, it should be state owned

Outlook The Parliamentary Commission on Banking Standards has, it seems, smelled a rat. It wanted an independent review carried out on whether it might not be a good idea to split RBS into a good bank and a bad bank. The reasoning was that an RBS shorn of its toxic assets should be much freer to support the British economy by lending, particularly to businesses.

Services sector strength ups pressure on Carney

Bank Governor set to defend ‘forward guidance’ policy in face of buoyant data

Nick Goodway - It’s personal: echoes of a heady past in battle for branches of RBS

W&G’s chairman claims it is the only ‘real bid’ in town

Money alert: Credit card insurance

High street banks are being forced to pay compensation of £1.3bn after they were found guilty of flogging useless and unnecessary credit card fraud and identity theft insurance.

Seven million people set to share £1.3bn in compensation for mis-sold card insurance

Banks guilty of selling useless identity theft protection

Customers sold worthless insurance deals will share £1.3bn in compensation payouts

Market Report: Footsie belying data with second downer

The FTSE 100 lost ground for the second time in a row yesterday as fears over the US Federal Reserve slowing the pace of money printing lingered in dealing rooms across the square mile. Although the market rose 10.35 points to 6,493.69, it fell 0.45 per cent during the week, the first two successive weeks of losses since June.

Investment View: Leave Lloyds for now, but consider a slice of RBS

The consensus is that this softly spoken, no-­nonsense Kiwi might be just the ticket for RBS

The Business Matrix: Monday 12 August 2013

Jaguar car plant may be expanded

Ben Chu: Standard Chartered shareholders, beware - the East is no one-way bet

Outlook Standard Chartered is a strong bank because it is well capitalised and generates most of its revenues in fast-growing Asian markets. That's what we're constantly told. But yesterday's half-yearly update should perhaps prompt us to look more closely at some of that conventional wisdom.

Services boost points to British economy achieving ‘escape velocity’

The economy is approaching “escape velocity” after the latest survey snapshot of the dominant services sector pointed to the fastest rate of expansion in more than six years. The Markit/Cips Purchasing Managers Index for services shot up to 60.2 in July, up from 56.9 the previous month. Any figure above 50 signals growth.

The Business Matrix: Saturday 3 August 2013

Ocado co-founder sells £3.3m shares

Anthony Hilton: Bean-counters' retirement plans highlight problem facing bank boardrooms

Three people I met this week who work in the upper echelons of Big Four accounting firms said they intended to retire soon and thereafter find a role as a non-executive director somewhere. They don't much mind what kind of business – provided it is not a bank.

Shares slide gives new RBS boss, Ross McEwan, an uncomfortable welcome

Royal Bank of Scotland's new boss, Ross McEwan, was given a taste of the challenge he faces as the bank's shares slid despite it reporting the first two-successive quarters of profits since its £45bn taxpayer funded bailout.

New RBS boss Ross McEwan to be paid less than predecessor Stephen Hester – and will not take bonus for two years

New Zealander will be paid £1 million – £200,000 less than his predecessor

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