UK Banks

7 Dodgy Things RBS Would Rather You Didn't Notice In Its 'Whitewash'

The Huffington Post UK | Asa Bennett | Posted 17.04.2014 | UK Politics

The Royal Bank of Scotland welcomed a report it commissioned by Clifford Chance which found "no evidence" that it tried to systematically defraud smal...

RBS Cleared Of Defrauding Small Firms

The Huffington Post UK | Asa Bennett | Posted 17.04.2014 | UK Politics

The Royal Bank of Scotland has been cleared of systematic fraud by a report it commissioned into the conduct of its business support division, after c...

The Pay Squeeze Is Over (But Only If You Got A Bonus)

The Huffington Post UK | Asa Bennett | Posted 16.04.2014 | UK Politics

The coalition has received a boost from the news that average pay rises have outstripped inflation for the first time in four years in a sign of the s...

Asa Bennett

Defending The Banks And Now Big Energy, Why Does She Do It? | Asa Bennett | Posted 16.04.2014 | UK Politics

Angela Knight has forged a career on defending the seemingly indefensible, having fought for the Tories in John Major's government, then the banks jus...

Co-Op Bank Just Made A MASSIVE Loss... And It Won't Get Better Soon

PA | Posted 11.04.2014 | UK Politics

The Co-op banking arm reported a £1.3 billion annual loss today as it warned its legacy issues will continue to hit its financial performance for som...

10 Things You Should Know About Maria Miller's New Replacement

The Huffington Post UK | Asa Bennett | Posted 09.04.2014 | UK Politics

Sajid Javid has been appointed culture secretary after Maria Miller resigned amid a row over her expenses claims. Javid's promotion to the cabinet ...

Why I Love Cash and Hate Contactless

Vivi Friedgut | Posted 02.04.2014 | UK Tech
Vivi Friedgut

As someone who regularly calls for innovation and necessary disruption in the financial sector it might seem strange, what I am about to say. I don't like contactless cards.

Is Integrity the Key Ingredient for Financial Services?

Dr Joseph Zammit-Lucia | Posted 28.03.2014 | UK
Dr Joseph Zammit-Lucia

In the UK and elsewhere, the financial services industry is in the eye of the storm. The industry probably accounts for around 9.5% of UK GDP. Yet in the wake of the financial collapse, seemingly never-ending penalties for mis-selling and market manipulation and the continuing public outrage over bankers' compensation, many have come to believe that the industry is both rotten to its core and has become totally dissociated from the society which it is supposed to be serving.

Osborne Is Trying To Give The Banks A Secret Tax Cut

The Huffington Post UK | Asa Bennett | Posted 25.03.2014 | UK Politics

George Osborne slipped out a potential "secret tax cut" for Britain's biggest banks that could see them pay hundreds of millions less in tax, critics ...

Barclays Needs to Clean Up Its Shameful Act

Tom Fyans | Posted 21.03.2014 | UK Politics
Tom Fyans

When Antony Jenkins took the helm at Barclays he promised to clean up a bank that had been badly scarred by a seemingly relentless stream of scandals. To re-enforce the point he sent an email to his 140,000 staff saying that he wanted to bring new ethical standards to Barclays. Those who didn't want to sign up to them were told they should leave.

All In It Together? BofE Doubles Champagne Spending In A Year

The Huffington Post UK | Asa Bennett | Posted 21.03.2014 | UK Politics

Consumption of wine and champagne at the Bank of England nearly doubled in the year Mark Carney took over, as officials bought over 300 more bottles o...

Economy At Risk If Interest Rates Stay Low, Warns Carney

The Huffington Post/PA | Posted 19.03.2014 | UK Politics

Bank of England governor Mark Carney warned the economy faced renewed dangers from excessive borrowing as encouraged by low interest rates. Carney ...

Asa Bennett

How Will George Help People Like These? | Asa Bennett | Posted 19.03.2014 | UK Politics

When George Osborne delivers his Budget for 2014 he is expected to trumpet how his plans will ensure Britain's "long-term economic recovery". But ...

UK Bankers 'Disappointed' With Their MASSIVE Bonuses

The Huffington Post UK | Asa Bennett | Posted 11.03.2014 | UK Politics

City of London bankers were "disappointed" with the size of their bonuses this year, despite a survey finding that UK bankers enjoyed the biggest bonu...

Co-Op Boss Quits 'Ungovernable' Group

The Huffington Post/PA | Posted 11.03.2014 | UK Politics

Co-operative Group chief executive Euan Sutherland's resignation has been accepted by the board, after offering to quit as chief executive of the grou...

5 Ideas Labour Said They'd Pay For With The Same Bank Bonus Tax

The Huffington Post UK | Asa Bennett | Posted 10.03.2014 | UK Politics

Labour has unveiled an extended jobs guarantee for young people, which would run for five years if the party returns to power, with the pledge funded ...

Lloyds Chief To Dodge EU Bank Bonus Cap With £900k 'Allowance'

The Huffington Post/PA | Posted 05.03.2014 | UK Politics

Lloyds Banking Group is to hand boss Antonio Horta-Osorio a £900,000 shares allowance this year on top of his salary and potential bonus as it looks ...

Barclays CEO: We Must Pay Big Bonuses 'To Avoid Death Spiral'

The Huffington Post UK | Asa Bennett | Posted 05.03.2014 | UK Politics

Barclays needed to pay its top bankers bigger bonuses in order to avoid investment bankers quitting and sending the bank into a "death spiral", accord...

Branson's Bankers Set For Bumper Bonuses

The Huffington Post UK | Asa Bennett | Posted 03.03.2014 | UK

Virgin Money, Sir Richard Branson's banking division, will become the latest financial institution to say it is going to pay its bankers double their ...

RBS Reveals A £8.2bn Loss.. And A £576m Bonus Pot

PA/The Huffington Post UK | Posted 27.02.2014 | UK

Taxpayer-backed Royal Bank of Scotland has recorded pre-tax losses of £8.2 billion for 2013, as it revealed a a staff bonus pot of £576 million. ...

Rogue Foreign Banks Could Be Kicked Out Of The City

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

The Bank of England could ban foreign banks branches in Britain from the City of London if they fail to adhere to British standards of regulation. ...

Stop Taxing Us So Much, Banks Urge Osborne

The Huffington Post UK | Asa Bennett | Posted 25.02.2014 | UK Politics

George Osborne has come under pressure to end the bank levy, as Britain's banks warned that the tax is hurting the City of London's competitiveness. ...

HSBC Reveals How It'll Dodge The EU Bank Bonus Cap

The Huffington Post UK | Asa Bennett | Posted 24.02.2014 | UK Politics

Britain's biggest bank HSBC has revealed how its top bankers will continue to enjoy soaring pay packets despite the European Union cap on bonuses. ...

State-Owned RBS Could Slash Up To 30,000 Jobs

The Huffington Post/PA | Posted 21.02.2014 | UK

As many as 30,000 jobs are to go at Royal Bank of Scotland over the next few years as part of plans to shrink the bailed-out bank, it was reported tod...

How Do Hormones Make Bankers Worse In A Crisis?

The Huffington Post/PA | Posted 18.02.2014 | UK

Financial crises can be made worse by the hormones of stressed bankers could make them take less risky decisions, a study suggests. High levels of ...