UK Banks

HSBC Banking Glitch Could Mess Up Your Bank Holiday Weekend Plans

The Huffington Post UK | Aubrey Allegretti | Posted 28.08.2015 | UK

Thousands of HSBC customers could be facing a long weekend without their monthly salary, after the bank revealed a banking glitch on Friday. In a p...

HSBC Profits Dive As 'Painful' Tax Furore Bites

The Huffington Post/PA | Posted 23.02.2015 | UK

HSBC chief executive Stuart Gulliver has admitted the banking giant "disappointed" last year after its annual profits slumped 17%. The group has be...

HSBC Tax Dodge Claims Are Also Rather Awkward For The Tories

The Huffington Post UK | Asa Bennett | Posted 09.02.2015 | UK Politics

Britain's biggest bank HSBC helped clients cheat the UK public purse out of millions of pounds in tax by using Swiss bank accounts, according to an ex...

One Trillion Euro Money-Printing Plan Is Getting A Little Awkward

The Huffington Post UK | Asa Bennett | Posted 22.01.2015 | UK Politics

The European Central Bank's plan to pump over one trillion euros (£960 billion) into the region's ailing economy has been awkwardly undermined by a t...

Asa Bennett

Carney Could Hike Interest Rates Next Year, Should You Worry?

HuffingtonPost.com | Asa Bennett | Posted 24.12.2014 | UK Politics

In 2015, the Bank of England could do something that it has refused to do over 70 times in succession, in a decision that would impact on millions of ...

Now Banks Are Being Told Stop Illegal Immigrants

The Huffington Post UK | Asa Bennett | Posted 12.12.2014 | UK Politics

Banks and building societies will now risk fines or criminal sanctions if they open current accounts for known illegal immigrants, under new laws that...

George Set For Crushing Defeat In Fight To Protect Bankers' Bonuses

The Huffington Post UK | Asa Bennett | Posted 20.11.2014 | UK Politics

George Osborne has been dealt a humiliating blow in his bid to protect Britain's banks from an EU bonus cap. Niilo Jaaskinen, an advocate general a...

Why Banks and Businesses Are Growing Apart

Anil Stocker | Posted 12.01.2015 | UK
Anil Stocker

The Trends in Lending report released last month by the Bank of England shows that as recently as August banks were still taking more money in from UK businesses than they were lending out. Over the last 12 months net lending to small and medium-sized businesses has been negative at £-0.4 billion.

Angry C4 Economics Editor Gives Refreshingly Brutal Rant About The Banks

The Huffington Post UK | Charlotte Meredith | Posted 13.11.2014 | UK

Sick and tired of dodgy bankers getting away with screwing up the economy for the rest of us? So is Channel 4 News' economics editor, who has been ref...

Banks Have To Pay BIllions Over Yet Another Massive Scandal

The Huffington Post/PA | Posted 12.11.2014 | UK

Five of the world's biggest banks are to pay fines totalling £2 billion after regulators today lifted the lid on what looks to be the biggest scandal...

RBS Will Now Help City Police Tackle Financial Crime

The Huffington Post/PA | Posted 04.11.2014 | UK Politics

Royal Bank of Scotland has been chosen to provide advice to police on financial crime just days after its own bill to settle regulatory investigations...

Lloyds To Sack Thousands And Shut Hundreds Of Branches

The Huffington Post/PA | Posted 28.10.2014 | UK

Lloyds Banking Group is to slash 9,000 jobs and shut 200 branches under a new strategy it claims will improve efficiency and customer service. The ...

What Cap? Here's Why Bankers Will Get Away With Bumper Bonuses

The Huffington Post UK | Asa Bennett | Posted 23.10.2014 | UK Politics

Top bankers who get bonuses higher than allowed under EU law will get away with their awards, as it is "too far into this year", according to a senior...

Two Big Banks Have Been Caught Breaking The Rules

The Huffington Post/PA | Posted 22.10.2014 | UK

Two big banks have been criticised for telling small business customers they must open an account with them in order to obtain a business loan. The...

Here's How RBS Just Avoided Being Fined £87 Million

The Huffington Post/PA | Posted 22.10.2014 | UK

Royal Bank of Scotland has avoided a multi-million pound fine from the European Commission after it blew the whistle on a cartel to rig the Swiss fran...

Top BoE Offical Goes All '50 Shades Of Grey' With Verdict On UK Economy

The Huffington Post UK | Asa Bennett | Posted 17.10.2014 | UK Politics

The Bank of England's chief economist has raised eyebrows by suggesting that interest rates could stay lower for longer as the economy is "writhing in...

Top LibDem Wants More Bankers Thrown In Jail

The Huffington Post UK | Asa Bennett | Posted 16.10.2014 | UK Politics

Authorities need to throw "perhaps a few more" bankers in jail as many of those who have broken the rules are still getting away with it, a senior Lib...

Asa Bennett

RBS Boss Fears You're Not Prepared For Interest Rate Rises

HuffingtonPost.com | Asa Bennett | Posted 16.10.2014 | UK Politics

Mortgage holders may not be able to cope with the extra financial pressure when interest rates rise, Royal Bank of Scotland's chief executive has war...

Asa Bennett

Bank Of England Deputy Has A Rather Stark Warning About The Banks

HuffingtonPost.com | Asa Bennett | Posted 17.10.2014 | UK Politics

The world needs to better co-ordinate its financial regulations in order to avoid another banking crisis, Bank of England deputy governor Jon Cunliffe...

Asa Bennett

Labour Has A Blunt Message For Bankers Moaning About Tougher Rules

HuffingtonPost.com | Asa Bennett | Posted 16.10.2014 | UK Politics

Bankers complaining about new and tougher regulation are "maybe in the wrong line of work," a Labour frontbencher has warned. Shadow financial secr...

Carney Gives Bad Bankers Their Biggest Bashing Yet

The Huffington Post UK | Asa Bennett | Posted 13.10.2014 | UK Politics

Mark Carney has warned that reckless bankers are "still at the best golf courses" despite causing the financial crash. In his strongest attack yet,...

Osborne's Bill To Defend Bankers From Brussels Soars Even Higher

The Huffington Post UK | Asa Bennett | Posted 16.09.2014 | UK Politics

George Osborne is under fire for an "outrageous misuse" of public money after spending nearly £200,000 trying to protect bankers from a raft of Europ...

9 Scottish Nationalists Who Think RBS' Move Threat Is A Unionist Plot

The Huffington Post UK | Asa Bennett | Posted 11.09.2014 | UK Politics

Royal Bank of Scotland and Lloyds Banking Group have angered pro-independence campaigners online by warning that they would move their headquarters fr...

RBS May Have Saved Its Rogue Bankers From Jail With 'Whitewash' Report

The Huffington Post UK | Asa Bennett | Posted 27.08.2014 | UK

The Royal Bank of Scotland may have saved some of its rogue bankers from jail by commissioning a report, widely condemned as a "whitewash”, clearing...

Salmond Will Hate What This Guy Has To Say About Scottish Independence

The Huffington Post UK | Asa Bennett | Posted 22.08.2014 | UK Politics

Scottish independence could lead to "capital flight" as savers rush to move their money out of the country, the chairman of HSBC has warned. Dougla...