Banking Reform - Where Next?

Iain Anderson | Posted 19.08.2013 | UK Politics
Iain Anderson

The most immediate question, of course, is: how much of the report will be implemented? The sweeping nature of the proposals, across criminal sanctions, accountability, remuneration, competition, governance and regulation means that even doing half of it would be a serious legislative undertaking.


Evelyn Robert de Rothschild | Posted 17.08.2013 | UK
Evelyn Robert de Rothschild

The news that came that the chief executive of RBS will stand down and yet no announcement for a new one seems to be something that troubles many people.

George Osborne 'Not Directly Involved' In Resignation Of RBS' Stephen Hester

The Huffington Post UK | Posted 13.08.2013 | UK Politics

The government has insisted it did not force the Royal Bank of Scotland to get rid of chief executive Stephen Hester, who surprised markets with his r...

RBS Slashes 2,000 Jobs As Share Price Tumbles

PA/The Huffington Post UK | Posted 13.08.2013 | UK

Royal Bank of Scotland confirmed plans for the loss of 2,000 investment banking jobs today as its shares tumbled on the back of chief executive Stephe...

Hester Is Off

PA/The Huffington Post UK | Posted 12.08.2013 | UK

Royal Bank of Scotland chief executive Stephen Hester is to step down from the group later this year. The subject of numerous 'fat cat' headlines, ...

'A Desperate Gamble'

The Huffington Post UK | Tom Moseley | Posted 27.05.2013 | UK Politics

George Osborne's plans to hand shares in the Royal Bank of Scotland to the public will mean the deficit swells by billions of pounds, Ed Balls has cla...

RBS Swings Out Of The Red

PA/The Huffington Post UK | Posted 03.05.2013 | UK

Taxpayer-backed Royal Bank of Scotland said the government should be able to start selling off its stake within a year as the bank reported its best q...

Ex-HBOS Boss Quits Job With Private Equity Firm

PA | Posted 05.04.2013 | UK

Former HBOS chief executive Sir James Crosby has stepped down from his role with private equity firm Bridgepoint following a damning report into the c...

Worse Than Fred The Shred?

PA/The Huffington Post UK | Posted 05.04.2013 | UK

Bankers who ran HBOS in the run-up to its dramatic collapse are ultimately to blame for its failures, and should never be allowed to work in the finan...

RBS And Barclays Reveal More Than 500 Staff Earned Over £1m

PA | Posted 08.05.2013 | UK

The scale of mammoth pay packages in the banking industry was laid bare today as Royal Bank of Scotland and Barclays revealed that over 500 workers be...

PIC: NatWest Fail - What Customers Saw

The Huffington Post UK | Posted 07.03.2013 | UK Comedy

Royal Bank Of Scotland and NatWest have been hit by more problems, after customers were unable to access their accounts. Here's what they saw at cashp...

RBS Apologises After Technical Problems Leave Customers Without Cash

PA/The Huffington Post UK | Posted 06.05.2013 | UK

The RBS banking group has apologised to its millions of customers after a technical problem left them unable to access accounts or withdraw money for ...

RBS Plan Is 'A Nonsense', Scolds Mervyn King

The Huffington Post UK | Charlie Thomas | Posted 06.03.2013 | UK

Sir Mervyn King dismissed the Royal Bank of Scotland's turnaround strategy as "a nonsense" and called for the bank to be split in two to make it easie...

Boris on Bonuses: Like Swiss Cheese, Full of Holes

Dr Prateek Buch | Posted 03.05.2013 | UK Politics
Dr Prateek Buch

Coming days after RBS announced a £607m bonus pool to "reward" staff for losses of £5bn, Boris' defence of the banking industry is in itself deluded - and as far as the UK economy is concerned, self-defeating.

RBS Bonus Pot Tops £607m Despite £5.2bn Losses

PA/The Huffington Post UK | Posted 28.02.2013 | UK

Scandal-hit Royal Bank of Scotland revealed staff bonuses of £607 million in 2012 despite losses of £5.2 billion after a "chastening" year. The l...

Vince Cable's RBS Plan: If You See Sid, Con Him

Adrian Ash | Posted 23.04.2013 | UK Politics
Adrian Ash

You remember Sid, right? Back when what then passed for the commanding heights were being privatised in the late 1980s, ad agency BMP got taxpayers' money to convince taxpayers to buy shares in the taxpayer-owned British Gas. No doubt Vince Cable is already taking pitches today from Soho ad agencies wanting to help him giveaway shares in the taxpayer-owned Royal Bank of Scotland.

The Debate That Still Needs to Be Had

John McFall | Posted 14.04.2013 | UK Politics
John McFall

It is now six months since the LIBOR scandal erupted - and we are still trying to assess how much damage that and other scandals have done to public trust in the banks.

Charlie Thomas

‘I deserve my bonus – I’ve saved RBS for the sake of society and stakeholders’

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

Stephen Hester, the chief executive of the Royal Bank of Scotland (RBS) has defended his forthcoming bonus by saying he should be judged on saving the...

Charlie Thomas

'Don't Let My Death Be In Vain', Pleads RBS's Hourican

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

The only senior member of management at RBS to lose his job in relation to Libor rigging, pleaded with his colleagues to "not let my death be in vain"...

RBS Boss To Receive £800,000 Bonus Despite Libor Scandal

PA/Huffington Post UK | Posted 11.04.2013 | UK

The boss of the taxpayer-funded Royal Bank of Scotland will be paid a bonus of almost £800,000 just weeks after his bank was fined £391 million for ...

Charlie Thomas

'I'm Like A Whore's Drawers' - The Best Libor Fixing Quotes

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Following the news of the Royal Bank of Scotland's £400m fine for its role in the London inter bank offer rate (scandal), much laughter has been hear...

Charlie Thomas

RBS Staff See Bonuses Clawed Back To Pay Libor Fines

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Thousands of staff across the Royal Bank of Scotland will lose their bonuses this year as the bank claws back money to pay fines for its part in the L...

RBS Fined £400m For Libor Scandal

PA | Posted 06.02.2013 | UK Politics

Royal Bank of Scotland is to pay nearly £400 million to regulators in the US and UK to settle its involvement in the Libor-rigging. RBS has agree...

Mehdi's Morning Memo: Cameron Vs The Conservatives

Huffington Post | Mehdi Hasan | Posted 07.02.2013 | UK Politics

The ten things you need to know on Wednesday 6 February 2013... 1) CAMERON VS THE CONSERVATIVES It was a historic night in the Commons - both fo...

Lord Lawson Says RBS Should Be Nationalised, As Cameron Urges Bonus 'Restraint'

The Huffington Post UK | Posted 01.02.2013 | UK Politics

Former Conservative chancellor Lord Lawson has said George Osborne should nationalise the Royal Bank of Scotland. In an interview with the Financia...