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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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system
Valentine's Day cards: 5 best online card shops

Don't leave it to the petrol station: The best online card shops for Valentine's Day

Can't find a card you like on the high street? Try one of these sites for individual, personalised options, whatever your taste
Diego Costa: Devil in blue who upsets defences is a reminder of what Liverpool have lost

Devil in blue Costa is a reminder of what Liverpool have lost

The Reds are desperately missing Luis Suarez, says Ian Herbert
Ashley Giles: 'I'll watch England – but not as a fan'

Ashley Giles: 'I'll watch England – but not as a fan'

Former one-day coach says he will ‘observe’ their World Cup games – but ‘won’t be jumping up and down’
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness