News

Spanish bank says it has no "current plans "to float its UK arm

Regulator tells Barclays, Lloyds and RBS to plug £27bn hole in finances

The scale of the challenge facing policymakers to return Lloyds Banking Group and Royal Bank of Scotland to private ownership became clearer today as the banking industry was told to raise another £13.4 billion.

The £1m pay cut: City high-flier leaves Santander for Bank of England post

The City grandee Baroness Hogg's high-flying banker daughter Charlotte has taken a £1m pay cut to become the new Bank of England Governor's top enforcer.

Nathan Bostock in running to replace Stephen Hester at RBS

He was recently announced as the bank's new finance director

Concerns over flagship credit scheme as banks tighten belts to tune of £300m

Small business leaders disappointed at lending squeeze despite billions of available FLS funds

Bank’s flagship credit scheme flops again as lending falls £300m

The Bank of England’s key tool for boosting credit to the economy drew heavy fire today as lending shrank by £300 million in the first three months of the year.

Banks given ultimatum to plug their black holes

Warning to sort out capital shortcomings amid frustration over the delays

Royal Bank of Scotland faces 'shareholder discontent' over £607m bonuses

Payouts by the 81% state-owned bank have infuriated investors

Channel 4 bosses get bigger bonuses despite £27m loss

Channel 4 paid increased bonuses to its bosses last year despite the state-owned broadcaster going £27 million into the red, its annual report reveals today.

Co-op Bank said Tootell had been specifically appointed to lead the bank through the potential Project Verde takeover of Lloyds branches

Co-op bank boss quits as Moody's downgrades credit rating and raises spectre of 'external support'

Chief executive quits amid news that ‘external support’ may be needed to plug £1bn hole in balance sheet

Alfredo Saenz quits Santander after three years of legal wranglings

Santander's chief executive Alfredo Saenz quit as head of the eurozone's largest bank yesterday following a lengthy and damaging legal dispute.

Simon: Co-op bank remains a credible alternative to high street names

On the face of it, the collapse this week of the deal for Co-operative Bank to buy 632 branches from Lloyds Banking Group looks like bad news. At a stroke, it would have given the mutual the clout to take on the existing high street banks.

The Business Matrix: Friday 26 April 2013

Admiral dips as premiums fall

£750m sale of 632 Lloyds branches to Co-op collapses

Banking Group will pursue stock market flotation for the division this summer

Santander tells homebuyers they may be in line for payout

Santander UK is writing to more than a quarter of a million of its mortgage borrowers, saying they could be due compensation because it failed to make it clear the terms on which it changed the cap on its standard variable rate in December 2008.

FCA flags up Barclays as the most complained about bank

Lloyds TSB and Bank of Scotland also at the top of the list in the table of shame

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