UK Banks

Serious Fraud Office To Investigate Barclays Libor Fixing

Posted 05.09.2012 | UK Politics

A criminal investigation has been launched into alleged rigging of the Libor rate within the banking industry, the Serious Fraud Office (SFO) confirme...

Ulster Bank Boss To Turn Down Annual Bonus

PA | Posted 05.07.2012 | UK

Ulster Bank chief executive Jim Brown has said he was turning down his annual bonus following the IT meltdown which left hundreds of thousands of cust...

Ulster Bank Boss May Pick Up Bonues In Spite Of IT Meltdown

PA | Posted 05.07.2012 | UK

Ulster Bank's chief executive has refused to rule out pocketing an annual bonus despite a systems failure leaving hundreds of thousands of customers w...

Why Business is Like Piracy and Needs More Irrational Thought

Jim Prior | Posted 04.09.2012 | UK
Jim Prior

In the study of economic decision-making the Ultimatum Game is an illustration of the unpredictability of human behaviour, value judgement, and the role and importance, therein, of morality.

Bob Diamond: 'I Was Physically Ill At Rate-Fixing Scandal'

Posted 04.07.2012 | UK Politics

Former Barclays boss Bob Diamond told MPs he felt "physically ill" when he discovered traders at his bank were manipulating the inter-bank interest ra...

Inside the Minds of the Bankers

Dr Raj Persaud | Posted 02.09.2012 | UK
Dr Raj Persaud

What those who are trying to regulate banking don't fully grasp, is the kind of person who tends to reach the top of finance, often has a particular attitude to money, liable to land it in trouble.

Ned Simons

MPs Face Show Down Over Banking Inquiry

HuffingtonPost.com | Ned Simons | Posted 03.07.2012 | UK Politics

Labour will attack government plans to hold a parliamentary inquiry into the banking sector on Thursday as George Osborne and Ed Balls traded partisan...

A Simple Cure for the Banking System

Margaret Heffernan | Posted 02.09.2012 | UK
Margaret Heffernan

Break the banks up and they won't be too big to fail; they will - finally - be small enough for success.

The Best Way to Invest a Lump Sum

Clare Macnaughton | Posted 30.08.2012 | UK Lifestyle
Clare Macnaughton

It may seem the stuff of fairytales, but there are in fact lots of reasons why you might receive a cash windfall. After all, an unexpected tax rebate, a work-based bonus or a sudden inheritance could all make a big difference to your finances.

The Creative Destruction of the Banks Could be Sooner Than They Think

Russ Shaw | Posted 02.09.2012 | UK
Russ Shaw

With the arrival of new businesses that can do it better, faster or smarter, the incumbents need to watch out - the 'creative destruction' of the banks could be sooner than they think.

@NeedADebitCard: Twitter Account Retweets Users' Credit Card Images

Huffington Post UK | Michael Rundle | Posted 01.09.2012 | UK Tech

A Twitter user has set up an account specifically to repost images of users' credit and debit cards. The account - @NeedADebitCard - has so far re...

George Osborne: Labour Should 'See Sense' And Back Parliamentary Bank Inquiry

The Huffington Post UK | Ned Simons | Posted 03.07.2012 | UK Politics

George Osborne has said he hopes Labour "see sense" and take part in a parliamentary inquiry into what went wrong at Barclays in the wake of the rate-...

We'd All Be Better Off Without the City

M.R. Hall | Posted 01.09.2012 | UK Politics
M.R. Hall

If something looks too good to be true, it is. If someone tells you they can conjure money from thin air, they're lying. The City of London has been both too good to be true and seemingly magically producing money for several decades, and following the latest round of revelations about bankers' slavering greed, the game, I hope, is about to be up.

Cameron Urges Parliamentary Inquiry To 'Get To Truth' Of Banking Scandal

Posted 02.07.2012 | UK Politics

David Cameron has announced a parliamentary inquiry will be held to "get to the truth" about the rate-fixing scandal that has rocked Barclays bank. ...

Barclays Has 'Serious Questions To Answer', Says David Cameron

Posted 28.06.2012 | UK Politics

David Cameron has stopped short of condemning the culture at Barclays, saying the “whole management team” at the bank “have got some serious que...

RBS Reports 'Significant Progress' In IT Crisis But Customers Still Face Problems

PA | Posted 27.06.2012 | UK

The banking group at the centre of the NatWest IT meltdown raised hopes that it was finally getting to grips with the crisis on Wednesday. RBS Grou...

Bank Bosses Should Be 'Investigated' Over IT Meltdown

PA | Posted 26.06.2012 | UK

Bank bosses should be subject to a "detailed investigation" over the IT meltdown which left thousands of customers without access to cash, Bank of Eng...

Spain Makes Official Plea For Banking Bailout

Huffington Post UK | Felicity Morse | Posted 25.06.2012 | UK

Spain has formally requested a bailout to help prop up its beleaguered banking sector. The plea for international aid was made by Spanish economy m...

Cut Price Sale On Cards At Lloyds

PA | Posted 24.06.2012 | UK

Lloyds Banking Group is reportedly mulling a cut-price sale of the 632 bank branches it has to offload as a penalty for receiving state aid. The Pr...

'I Am Very Sorry' Says Natwest Boss As Bank Opens To Sort Out Mess

Posted 24.06.2012 | UK

Branches of NatWest have opened across the country on Sunday for the first time as the bank attempts to clears a massive backlog of payments caused by...

'We're Sorry': Natwest CEO Apologises For Payment Chaos

PA/The Huffington Post UK | Posted 23.06.2012 | UK

Stephen Hester, the chief executive of NatWest owner RBS, has apologised for technical hitches which left customers unable to pay bills or access thei...

NatWest 'Working Round Clock' To Solve Problems As Wages Disappear And Bills Remain Unpaid

PA/The Huffington Post UK | Posted 23.06.2012 | UK

NatWest customers face further upheaval after technical hitches left angry clients unable to pay bills or access their money. The bank has taken th...

NatWest To Open On Sunday

PA/The Huffington Post UK | Posted 22.06.2012 | UK

NatWest will open branches this Sunday as the bank deals with the ongoing chaos caused to customers who have been hit by technical problems. Angry ...

NatWest Working 'Round The Clock'

PA/The Huffington Post UK | Posted 22.06.2012 | UK

A banking group said it is "working round the clock" to fix technical problems for NatWest customers before the weekend begins. Large numbers of cu...

NatWest Forced To Open Early To Help Angry Customers After Thursday 'Glitch'

PA/The Huffington Post UK | Charlie Lindlar | Posted 22.06.2012 | UK

Branches of NatWest bank were forced to open early on Friday to offer extra help to angry customers as technical issues plagued the bank's online syst...