UK Banking Crisis

Lloyds Profits Hit As PPI Mis-Selling Bill Soars By £600 Million

The Huffington Post/PA | Posted 31.07.2014 | UK

Lloyds Banking Group has posted a half-year profit of £863 million, despite setting aside another £600 million to cover mis-sold payment protection ...

Fraud Squad To Probe What Could Be The City's Biggest Scandal Yet

The Huffington Post UK | Asa Bennett | Posted 21.07.2014 | UK Politics

The Serious Fraud Office has launched a criminal probe into allegations of fraudulent conduct in the foreign exchange market, in what would could be t...

Independent Scotland Would Be 'Devastated' If Banks Went Under

The Huffington Post/PA | Posted 30.06.2014 | UK Politics

Scotland would have been "devastated" and forced to turn to the IMF for help if it had been independent during the financial crisis, it has been claim...

Bank Boss Makes Hilariously Awkward Call For More Women On Boards

The Huffington Post UK | Asa Bennett | Posted 19.06.2014 | UK Politics

A lack of women in bank boardrooms could be to blame for the scandals and excesses that emerged during the financial crisis, claims the head of German...

Osborne Promises Crackdown On 'Unacceptable Behaviour' In The City

The Huffington Post UK | Asa Bennett | Posted 12.06.2014 | UK Politics

George Osborne will set out plans to clean up the global currency markets in a bid to head off a potentially huge foreign exchange manipulation scanda...

Osborne To Tackle Massive Banking Scandal Before It All Blows Up

The Huffington Post UK | Asa Bennett | Posted 02.06.2014 | UK Politics

George Osborne could soon unveil measures to clean up the global currency markets in order to head off a potentially massive foreign exchange market m...

Carney Savages 'Disturbingly' Rich And Unethical Bankers

The Huffington Post/PA | Posted 28.05.2014 | UK Politics

Mark Carney has turned his fire on City greed and the problem of growing inequality as he called for more to be done to clamp down on scandal-hit fina...

Barclays To Sack 7,000 Investment Bankers In Major Revamp

The Huffington Post/PA | Posted 08.05.2014 | UK

Barclays is to cut 7,000 jobs from its investment banking division by 2016 as part of a strategy review. The bank has already announced job losses ...

Taxpayer-Owned Royal Bank Of Scotland Profits Soar

The Huffington Post/PA | Posted 02.05.2014 | UK Politics

State-backed Royal Bank of Scotland said it doubled profits in the first quarter of this year but warned that past problems which have cost it billion...

Osborne Lets Lloyds Pay Bumper Bonuses (But Not RBS)

The Huffington Post UK | Asa Bennett | Posted 25.04.2014 | UK Politics

George Osborne will not use the taxpayer's stake in Lloyds Banking Group to stop it paying bonuses twice as big as their pay, but will block the Royal...

Is Ethical Banking an Oxymoron?

Ian Middleton | Posted 30.04.2014 | UK
Ian Middleton

On the day that Royal Bank of Scotland announced a bonus payout to it's staff of £588million in spite of an operating loss of £8.24billion, one had to wonder if any lessons were really learnt from the mess that was left after the banking crash only a few years ago...

Banks 'Paid Out Twice As Much In Bonuses As Corporation Tax'

The Huffington Post UK | Asa Bennett | Posted 11.02.2014 | UK

Banks have paid out twice as much in bonuses as corporation tax since the financial crash in 2008, official figures show. According to figures from...

How Many Rogue Bankers Have Been Sacked Since The Crash?

The Huffington Post UK | Asa Bennett | Posted 10.02.2014 | UK Politics

Nearly 6,000 bankers, brokers and financial advisers in the City of London have been sacked or suspended for misconduct since the start of the financi...

Bankers Are Expecting Bumper Bonuses This Year

The Huffington Post UK | Asa Bennett | Posted 23.10.2013 | UK

Most bankers are expecting to receive their bonus this year, at the same time as other Brits not working in the City of London have seen their incomes...

Asa Bennett

Seven Reasons The Banks Are Not 'In Order' | Asa Bennett | Posted 19.09.2013 | UK Politics

Nick Clegg had many messages to hammer home at the Liberal Democrat's Conference in Glasgow about what his party had achieved in coalition with the To...

90% Thought Banks Were Well Run 1983

The Huffington Post UK | Asa Bennett | Posted 10.09.2013 | UK

British banks have collapsed over the last 30 years from being one of the most trusted institutions to something less than one in five have confidence...

How Many Tips Have Sparked Corporate Fraud Investigations?

The Huffington Post UK | Asa Bennett | Posted 26.07.2013 | UK

Calls to the Serious Fraud Office’s whistleblower hotline have failed to lead to any official investigations. The "SFO Confidential" service rec...

Bankers' Bonuses Were Not To Blame For Global Financial Crisis

PA | Posted 13.02.2012 | UK

Bankers' bonuses were not to blame for the global financial crisis, a university study has claimed. The research counters the claim that large bonu...

Vickers Report: The UK's Banks are Committed to Meeting its Challenges

Angela Knight | Posted 12.11.2011 | UK Politics
Angela Knight

One of the things Sir John Vickers got absolutely right in his report on the banking industry - issued yesterday - was the scale of the regulatory reform that was already under way.