Lawsuits and misconduct fines have cost Britain’s largest retail banks and customer-owned lenders almost £53 billion (€65.6bn) over the past 15 years, a new study has found.
Tue, 12 Apr, 2016
A lack of women on the boards of City firms may have made challenging executive decisions “less effective” in the run up to the UK financial crisis, a report by British MPs said today.
Sat, 03 Apr, 2010
A “radical” overhaul of the UK banking system is needed to prevent taxpayers from picking up the bill for future bail-outs, MPs said today.
Mon, 29 Mar, 2010
Presbyterian Mutual Society (PMS) savers in the North suffered a fresh blow today after a judge ruled that those with less than £20,000 (€23,025) should not receive interim payments from the administrators.
Fri, 12 Feb, 2010
British Prime Minister Gordon Brown will hold talks today with the North's political leaders on the future of stricken financial institution, the Presbyterian Mutual Society (PMS).
A ban on risky trading activities by large British banks could be needed to stop them taking advantage of UK government support, MPs said today.
Fri, 31 Jul, 2009
British Banks came under fresh fire from MPs today for starving firms of much-needed credit while being propped up by billions of pounds from the taxpayer.
Fri, 01 May, 2009
John Prescott was today recruiting thousands of supporters every hour to his campaign against part-nationalised Royal Bank of Scotland (RBS) paying out bonuses.
Wed, 11 Feb, 2009
The removal of a ban on the short-selling of UK financial sector shares will provide a further test to under-pressure banking stocks today.
Fri, 16 Jan, 2009
Oil prices have been spiralling due to the “inexorable” rise in global demand rather than because of speculators, British MPs were told today.
Tue, 15 Jul, 2008
Northern Rock’s embattled bosses today denied there was anything more they could have done to prevent the crisis that led to the UK's first bank run in nearly 150 years.
Tue, 16 Oct, 2007
Bank of England deputy governor John Gieve was accused today of being asleep on the job when the Northern Rock banking crisis erupted.
Thu, 20 Sep, 2007
Mortgage lender Northern Rock has called on emergency funding from the Bank of England to help it through the credit market crisis, it has emerged.
Fri, 14 Sep, 2007
The chairman of the British parliamentary financial watchdog tonight urged Northern Rock customers to stay calm amid rumours that the bank has applied for emergency financial support.
Thu, 13 Sep, 2007
Private equity chiefs in the UK will face fresh scrutiny by the British parliament today amid reports they are making large gains from firms which pay almost no corporation tax.
Tue, 03 Jul, 2007
CAMPAIGNERS yesterday hit out at plans by a leading British bank to set up a branch where only the wealthiest customers can receive face-to-face services.
Fri, 13 Apr, 2007
Credit card companies were urged today to share more information on customers in a bid to stop people racking up unmanageable debt.
Wed, 21 Jul, 2004
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