The chairman of taxpayer-owned Royal Bank of Scotland has ignited a renewed anger over the financial sector’s “bonus culture” after he made comments about banking executives being paid more than they should.
Sir Philip Hampton has fuelled the fire for politicians and angry taxpayers by saying in a televised interview that ...
Written by Steven Adams · Filed Under Business | Comments Off
Britain’s major banks are nearing a deal with MPs to provide millions of pounds to small business this year.
The government has been in negotiations with the five major banks in the UK – Santander, HSBC, Royal Bank of Scotland, Lloyds and Barclays – as they work under Project Merlin to ...
The nation’s five largest banks sparked outrage last night as it emerged that bonuses last year reached £7billion.
Britain’s bailed-out banks, which includes Royal Bank of Scotland, Barclays, Lloyds TSB, HSBC and Standard Chartered, are all prepared to use bumper payouts for their staff. Barclays along is set to dole out ...
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Vince Cable has issued new threats for a proposed supertax as investment bankers at recently bailed-out Royal Bank of Scotland line-up to receive £1billion in bonuses ignoring the Government’s frantic demands for restraint.
The ‘scandalous’ City handouts have been met with widespread criticism, both from the Government and watch groups. Business ...
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Paul Myners has rehashed the UK banking debate with a suggestion that Royal Bank of Scotland and Lloyds ought to be split up.
In his blunt statement to the press, Mr Myners proposed that the UK banking authorities should at least consider a ‘split up’ as an option for one or ...
Written by Allison Stuart · Filed Under Business | Comments Off
Britain’s largest banks have a habit of sharing customer data, said the chief executive of Tesco Bank. He adds that the practice is limiting competition from smaller local banks.
Benny Higgins, Tesco Bank’s boss, told the Treasury Select Committee that several of the UK’s largest banks are operating a ‘closed user ...
In the wake of Sir Fred Goodwin’s approval of full-disclosure of the RBS’ collapse report, the Financial Services Authority has met with fresh pressure to publish the document.
However, it is reported that the consent of the Royal Bank of Scotland’s former chief executive and the scapegoat for the financial crisis ...
Royal Bank of Scotland and Barclays relied on tens of billions of pounds from US financial support at the peak of the credit crunch two years ago, it was revealed last night in published documents.
The Edinburgh banking giant borrowed as much as £14.3billion from the Federal Reserve directly during October ...
Two brothers with debts amounting to £250,000 won a landmark case against Royal Bank of Scotland after appealing the banking group’s attempts to repossess their houses in repayment of outstanding loans.
Francis and John Wilson had braced to lose their homes after they failed to repay a 1991 loan borrowed from ...
Written by Steven Adams · Filed Under General News | Comments Off
Royal Bank of Scotland has come under fire after accusations that the banking group is allowing the poor to accrue ‘unmanageable debt’ in the wake of overhauls to its unauthorised overdraft fees.
The financial group will replace its existing charges for current-account holders that have gone into the red for a ...
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