UK Banking

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

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Read More: Libor, Banking, Libor Fixing, Business News, Rbs, UK Business, Barclays, Royal Bank of Scotland, Libor Scandal, UK News

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...

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RBS Staff See Bonuses Clawed Back To Pay Libor Fines

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Read More: Libor Manipulation, Banking Bonuses, Libor, Banking, Business News, Rbs, UK Business, Trading, Bonuses, Libor Scandal, Royal Bank of Scotland, UK News

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...

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Can Vince Kick Start Lending To SMEs? (VIDEO)

The Huffington Post UK | Charlie Thomas | Posted 06.02.2013 | UK

Read More: Smes, Video, Small Business, Small-and-Medium-Sized-Enterprises, Lending, Banking, Business News, Vince Cable, UK Business, UK News

Business secretary Vince Cable is once again calling for greater access to credit for small businesses following signs that the Funding for Lending Sc...

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RBS Investment Chief To Leave Bank

PA | Posted 05.02.2013 | UK

Read More: Banking, Rbs Libor, UK Business, UK Banking, UK News, John Hourican, Libor, Rbs Libor Scandal, Libor Scandal, UK News

The head of Royal Bank of Scotland's (RBS) investment banking arm is to step down - forfeiting £4 million in shares. John Hourican will leave the ...

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Barclays Sets Another £1bn Aside For Mis Selling Scandals

HuffingtonPost.com | Charlie Thomas | Posted 05.02.2013 | UK

Read More: Interest Rate Swaps, Banking, Business News, UK Business, Ppi, Anthony Jenkins, Mis Selling, Barclays, Payment Protection Insurance, UK News

Two of the biggest mis-selling scandals to hit British banks has forced Barclays to put another £1bn aside for claims, just days ahead of its annual ...

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How We Can Lift 2.7 Billion People Out of Poverty

Lord Boateng | Posted 06.04.2013 | UK Politics

Read More: Poverty, UK Impact, World, Africa, Post 2015, Paul Boateng, Banking, Liberia, Global Poverty, Lord Boateng, Impact, Plan UK, Care International, UK Politics News

A remarkable revolution is taking place in finance, not in the City, but under the shade of large communal trees in villages across Africa and the developing world. It's a savings revolution, and one with the potential to pump $157 billion into the global economy, and particularly developing nations, if the 2.7bn adults worldwide who are 'unbanked' participate in savings-led microfinance programmes.

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Lloyds Bonuses Will Be 'Lowest Of Any Bank'

PA | Posted 04.02.2013 | UK

Read More: Parliamentary Commission on Banking Standards, UK News, Lloyds, Banking, Banks, Banking Crisis, Bankers, UK Business, Bankers Bonuses, Sir Winfried Bischoff, Lloyds Banking Group, UK News

Bonuses at part-nationalised Lloyds will be the lowest of any bank this year, its chairman told MPs and peers. Sir Winfried Bischoff said the bank'...

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'Ring-Fence Risky Operations Or Face Separation'

PA | Posted 04.02.2013 | UK Politics

Read More: Banking, Business News, UK Business, UK Politic, Banking Reform, Chancellor George Osborne, Banking Reform Bill, George Osborne, UK Economy, UK Politics News

Britain's biggest banks will face complete separation if they flout new rules to ring-fence risky operations from savers' deposits, the Chancellor ann...

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Financial Watchdog Bares Its Teeth At Banks Over Interest Rate Swaps

HuffingtonPost.com | Charlie Thomas | Posted 31.01.2013 | UK

Read More: UK Banks, Hsbc, Financial Services Authority, High Street Banks, Interest Rate Swaps, Fsa, Lloyds, Banking, Business News, Rbs, Banks, UK Business, Barclays, UK News

Bad news for banks, but good news for businesses on Thursday - The Financial Services Authority (FSA) has said it will investigate the mis-selling of ...

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The Banks Are Not Off the Hook

Richard Lloyd | Posted 01.04.2013 | UK Politics

Read More: Which Magazine, Switching Bank Accounts, Competition Commission, Big Change, Office of Fair Trading, Current Accounts, Banking, UK Business, UK Politics News

The market power of the largest players has increased - and not because they have provided better customer service or value-for-money products, but because of government subsidies and bailouts. The result is that it's now almost impossible for smaller providers to gain a foothold in the market.

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We Need Justice for Firms Hit by Banks' Mis-selling

Chuka Umunna | Posted 31.03.2013 | UK Politics

Read More: Smes, Ed Balls, Fsa, UK Conservative Party, David Cameron, UK Labour Party, UK Economy, Banking, Ed Miliband, UK Business, George Osborne, UK Politics News

Small and medium sized businesses' importance to our economy cannot be underestimated and, yes, it has become somewhat of a cliché to say it but collectively they are the "lifeblood" of our economy - they provide almost two thirds of private sector jobs and half of private sector turnover.

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How To Restore Confidence In Banking (INTERVIEW)

HuffingtonPost.com | Charlie Thomas | Posted 29.01.2013 | UK

Read More: The City, Financial Regulators, Ratings Agencies, Investment Bankers, De Rothschilds, Sir Evelyn De Rothschild, UK Economy, Business News, Banking, Bankers, UK Business, Investment Banking, UK News

To restore trust in the banking system, financial watchdogs should be paid on a par with traders, bankers who have been found lacking in judgment shou...

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PPI Complaints Are STILL Rising

HuffingtonPost.com | Charlie Thomas | Posted 29.01.2013 | UK

Read More: Insurance, Retail Catalogues, Catalogue Sales, Business News, Banking, Banks, Rbs, Ppi, UK Business, Lloyds Banking Group, Payment Protection Insurance, Barclays, Royal Bank of Scotland, UK News

The payment protection insurance (PPI) furore is far from over, as new data from the financial ombudsman shoes almost half of the PPI complaints broug...

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Future Shock! My Top 15 Hopes for 2013 and Beyond...

Michael Townsend | Posted 25.03.2013 | UK

Read More: Michael Townsend, 2-Degrees Network, Earthshine, New Economy, Collaboration, Energy Crisis, Gandhi, Future Shock, Personal Growth, Mindfulness, Climate Change, Transformation, Banking, E.F. Schumacher, Sustainability, Resource-Scarcity, Economic Growth, Renewable Energy, UK News

Alvin Toffler published Future Shock in 1970, at a time of great social and economic upheaval. Toffler sought to help people make sense of what was g...

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Davos Man Doesn't Live In a Closed Word

Mark Malloch-Brown | Posted 25.03.2013 | UK Politics

Read More: Fti Consulting, UK Labour Party, Davos Man, Lord Malloch-Brown, Barack Obama, Davos, UK Economy, President Obama, Banking, Banks, Ngos, World Economic Forum, UK Politics News

Davos has started. And the search is on again for what will be the defining new wisdom to emerge from this year's rash of seminars, lectures, parties and closed meetings in the Swiss mountain town.

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Nearly 1000 Jobs Go At Lloyds Bank..

The Huffington Post UK/PA | Posted 23.01.2013 | UK

Read More: Job Losses, Unemployment, UK News, Lloyds, McDonald's, UK Banking, UK Business, UK Jobs, UK Unemployment, Lloyds Bank, UK News

Lloyds Bank is to axe more than 940 jobs, bringing job loss announcements to 1,300 in the past few days, according to unions. Unite expressed "fury...

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What Germany's Gold Shipments Mean for You

Adrian Ash | Posted 24.03.2013 | UK Politics

Read More: Investing, Gold, Bundesbank, Inflation, Germany, German Economy, UK Business, Money, UK Economy, Banking, UK Politics News

Germany's central bank, the Bundesbank - also known as Buba - is rightly famed as the world's least stupid central bank.

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Why Champagne May Be Popped In The City Again

Charlie Thomas | Posted 21.01.2013 | UK

Read More: Business News, Banking, UK Business, Financial Services, Insurance, City of London, Recession, UK Economy, UK News

Champagne corks may soon be popping in the City again after data revealed the worst may have finally passed for the financial services sector. Figu...

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Bankers Want A Time Limit For PPI Claims - Should They Get It?

Charlie Thomas | Posted 18.01.2013 | UK

Read More: Financial Services Authority, Fsa, British Bankers' Association, Business News, Banking, The BBA, Poll, Ppi, UK Business, Barclays, Payment Protection Insurance, UK News

A bankers trade body has appealed to the Financial Services Authority (FSA) to introduce a time limit for customers who were mis-sold payment protecti...

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Two RBS Execs Under Pressure To Resign Ahead Of Libor Settlement

Charlie Thomas | Posted 11.01.2013 | UK

Read More: Barclays Libor Settlement, Libor Rigging, Libor, Business News, Banking, Rbs Libor Settlement, Rbs, UK Business, Ubs Libor Settlement, Libor Scandal, UK News

The London inter bank offer rate (Libor) rigging scandal continues into 2013, with reports that the Royal Bank of Scotland (RBS) is close to negotiati...

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Why Were UBS Chiefs Accused Of Behaving Like Casablanca's Captain Renault?

HuffingtonPost.com | Charlie Thomas | Posted 10.01.2013 | UK

Read More: Ubs, Lord McFall, Libor, UK Economy, UK Politics, Banking, Libor Fixing, Business News, UK Business, Casablanca, Ubs Libor, Andrew Tyrie, Libor Scandal, Video, UK News

Four former UBS chiefs were grilled by MPs on Thursday over their knowledge of the manipulation of the London interbank offered rate setting. Ex-gr...

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Is This The End Of Swiss Banking As We Know It?

HuffingtonPost.com | Charlie Thomas | Posted 10.01.2013 | UK

Read More: Ubs, Irs, Wealth, Credit Suisse, Banking, International Banking, Business News, UK Business, Tax Evasion, Tax Avoidance, Wegelin, UK News

Last week, Swiss private bank Wegelin admitted to allowing more than 100 US citizens to hide $1.2 billion (£0.75bn) from the Internal Revenue Service...

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Co-Op Slapped With £113,300 For Delaying Dealing With PPI Complaints

Charlie Thomas | Posted 04.01.2013 | UK

Read More: Financial Services Authority, Fsa, The Co Op, Banking, Business News, Ppi, UK Business, Financial-Ombudsmand-Service, Payment Protection Insurance, UK News

The Co-operative Bank has been fined £113,300 by the Financial Services Authority for failing to handle payment protection insurance (PPI) complaints...

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Why Not Use Bank Fines to Alleviate Poverty?

Leanne Wood | Posted 05.03.2013 | UK Politics

Read More: Child Poverty, UK Recession, Homelessness, Food Banks, Libor, Fsa, Double-Dip Recession, UK Economy, Homeless, Banking, Banks, UK Conservative Party, David Cameron, UK Politics News

Telling us that the deficit is the priority when families are homeless and starving shows a government astonishingly out of touch. It needs to back its early promises, and understand that redistributing money to those that need it from those who don't deserve it (some might even say from perpetrator to victim, in a roundabout way) will demonstrate that this we really are all in this together and that it isn't redundant, dogmatic ideology that is providing the impetus.

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Could A New Sort Of Share Issuance Help Secure Nationwide's Balance Sheet?

Charlie Thomas | Posted 02.01.2013 | UK

Read More: Banking, Business News, High Street Banking, UK Business, European Banking Legislation, Nationwide, Building Society, UK News

Nationwide is to issue a new type of share to help boost its coffers ahead of new European banking legislation being introduced. UK lenders are req...

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