UK Banking

The Sweet Drug of Bank Subsidies

Molly Scott Cato | Posted 22.07.2014 | UK Politics
Molly Scott Cato

The large banks that dominate the financial services sector would be making heavy losses without the implicit subsidies they enjoy as a result of the taxpayer guarantee.

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...

'Like Shuffling Deck-Chairs On The Titanic'

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

Tesco chief Philip Clarke's departure, after mounting pressure over his failure to improve the supermarket's poor sales, shows the daunting task his ...

The Party Is Over For Tesco Chief Philip Clarke

The Huffington Post/PA | Posted 21.07.2014 | UK

Tesco chief executive Philip Clarke has announced he is quitting, forcing the supermarket to cancel its planned party tomorrow celebrating his 40 yea...

'After So Much Harm, How Can They Morally Get Bonuses?'

The Huffington Post/PA | Asa Bennett | Posted 18.07.2014 | UK Politics

Royal Bank of Scotland boss Ross McEwan has refused to rule out paying bonuses to staff at the bank's business support unit, which has been accused of...

Cabinet Reshuffle: Paterson and Gove Sackings Are Long Overdue

Natalie Bennett | Posted 15.07.2014 | UK Politics
Natalie Bennett

The removal of a truly dreadful secretary of state - who in the badger cull demonstrated his broader contempt or total failure to understand scientific evidence - is something to celebrate. The departure of education secretary Michael Gove is also cause for celebration. Again, his replacement is largely an unknown quality, her vote against gay marriage a cause for concern, but there's an opportunity here for the government to draw a line under a truly awful period for English schools.

The Future of Payments - Innovation Can Only Succeed With Customer Insights

Tony Virdi | Posted 11.07.2014 | UK
Tony Virdi

Whilst the way money exchange is handled around the world varies dramatically from region to region, one thing cannot be denied: payments systems, inf...

Why Europe's Universities Need 'Stress Testing' Even More Than the Banking Sector

Dirk Jan van den Berg | Posted 10.07.2014 | UK Tech
Dirk Jan van den Berg

State funding is being cut, European universities are dropping down the international rankings and less research is being produced... Many European campuses are in very poor functional and physical condition... the time to act is now.

Debts: What Options Do We Really Have?

Sarah Moyes | Posted 09.07.2014 | UK
Sarah Moyes

It's really hard to find anyone these days that doesn't have some sort of debt hanging over them. If you've graduated from university, certainly in the last 10 years, then chances are you will still be paying off your student loan today...

Barclays Spending Millions On Teaching Its Bankers Not To Lie

The Huffington Post UK | Asa Bennett | Posted 04.07.2014 | UK

Barclays, which is battling allegations of "toxic" fraud in the US, is going to spend millions teaching its staff principles such as "truthfulness" in...

Confidence in the Banks Creep Back - But Much Left to Do

Peter Aykens | Posted 03.07.2014 | UK
Peter Aykens

The tide is finally beginning to turn when it comes to trust in the banking industry. After the collapse of public trust following the uncertainty of the financial crisis, confidence levels are slowly returning - if only among those with higher bank balances.

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...

'Has The Madness Got That Bad At Tesco?'

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK

Tesco's senior executives faced shareholders today in an ill-tempered encounter that saw them accused of "arrogance" and being "delusional" as the sup...

Barclays In Hot Water With US Authorities Over 'Toxic' Traders

The Huffington Post/PA | Posted 26.06.2014 | UK

Barclays is taking allegations "very seriously" that it misled large institutional investors and other clients in the United States by falsely telling...

Has RBS Been Covering Up Its 'Corporate Psychopaths'?

The Huffington Post UK | Asa Bennett | Posted 25.06.2014 | UK Politics

Royal Bank of Scotland executives have been reportedly accused by shareholders of "covering up" for "corporate psychopaths" in their controversial bus...

Asa Bennett

No Idea About Islamic Banking? Here's Six Things You Need To Know

HuffingtonPost.com | Asa Bennett | Posted 25.06.2014 | UK Politics

The Treasury has just sold £200 million worth of Islamic government bonds, known as "sukuk", in a bid to make Britain a global hub for Islamic financ...

Is Ex-RBS Boss Fred The Shred Trying To Vanish From The Internet?

The Huffington Post UK | Asa Bennett | Posted 20.06.2014 | UK Politics

The home of disgraced former Royal Bank of Scotland chief Fred Goodwin has vanished from Google Street View, just weeks after the search giant agreed ...

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...

'We Do Good Overall', Controversial RBS Bankers Tell MPs

The Huffington Post UK | Asa Bennett | Posted 17.06.2014 | UK Politics

Senior Royal Bank of Scotland executives insisted to MPs that they do good overall as they defended the state-owned bank from accusations that it drov...

Every Little Hurts? Tesco Suffers More Awkward News

The Huffington Post UK | Asa Bennett | Posted 17.06.2014 | UK

Tesco, Britain's biggest retailer, has suffered a new blow after having its credit rating downgraded by Moody's to its second lowest investment grade ...

Revealed: Osborne Has Spent A HUGE Amount Of Your Money Protecting Bankers

The Huffington Post UK | Asa Bennett | Posted 13.06.2014 | UK Politics

George Osborne has spent over £127,000 trying to fight off a series of European regulations that it believes would hit the City of London, The Huffin...

'Act Now To Stop A Massive Housing Crash', IMF Warns World

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

The International Monetary Fund has sounded the alarm over the state of the housing market around the world, as it published new data showing that pro...

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...

Ex-Tesco Boss Leahy Blasts Supermarket Giant's Decline

The Huffington Post UK | Asa Bennett | Posted 10.06.2014 | UK

Tesco, Britain's biggest retailer, has left its former chief executive Sir Terry Leahy "very disappointed" as it suffered its worst trading in decades...

Forget 'Mobile First': Are We Heading for a Mobile Only Banking World?

Tony Virdi | Posted 09.06.2014 | UK Tech
Tony Virdi

The speed at which the mobile market evolves is staggering. We have seen disruptive technologies such as the tablet really change the way we interact and go about our daily lives in recent years, both as consumers and within business.