UK Banks

Why Can't Companies Have 'Social' as Well as 'Limited' Liability?

Hugh Salmon | Posted 05.05.2012 | UK Politics
Hugh Salmon

In today's free market economy, there has to be a role of government whereby the principles of competition and improved customer delivery, particularly in the public services, are defined and refined for the greater good of society as a whole - and that part-owned private companies can be structured to be liable to perform to this greater good.

Beware Market Extremism

Adnan Al-Daini | Posted 04.05.2012 | UK Politics
Adnan Al-Daini

Market fundamentalism is to be given free reign; never mind that it was the erroneous notion "the market knows best" that brought us the economic depression engulfing western societies.

What Are You Leaping?

Dave Cohen | Posted 28.04.2012 | UK Comedy
Dave Cohen

So, what will you do on 29 February? Radio 4 are asking listeners to come up with something a little special to do on the day that happens only once every four years.

Banking Giant Reports 15% Profits Jump

PA | Posted 27.04.2012 | UK

HSBC reported pre-tax profits of $21.9bn (£13.8 billion) in 2011, an increase of 15% on a year earlier. The profits announcement is among the high...

Cameron's Business Speech Reveals How Out of Touch He Really Is

Anthony Murtagh | Posted 24.04.2012 | UK Politics
Anthony Murtagh

With every passing week this government appears to increasingly reveal that it is the most out of touch in recent memory; they just never seem to quite get it. This time it's Cameron incongruously labelling the current mood of anger as "anti-business snobbery" - just who is he kidding?

Mean Banks

Michael Nuciforo | Posted 24.04.2012 | UK
Michael Nuciforo

You're all familiar with the bell curve right? I'm sure you remember studying it at school...

David Cameron To Attack 'Anti-Business Snobbery'

PA/The Huffington Post | Posted 23.02.2012 | UK Politics

David Cameron has vowed to take on growing "snobbish attitudes" towards money-makers today as he argues business is the best way to "smash poverty". ...

RBS Losses Hit £2bn, While Bonus Bill Totals Millions

Huffington Post UK | Michael Rundle | Posted 23.02.2012 | UK

Taxpayer-owned Royal Bank of Scotland has announced it lost £2bn in 2011, while also paying more than £785m in bonuses to staff. RBS, which is 82...

Stop Giving Bonuses

PA | Posted 22.04.2012 | UK

Three out of four people think bosses at bailed-out banks should not get a bonus, according to research. And 58% of respondents to the YouGov poll,...

Bailed-Out Banks RBS And Lloyds Set To Reveal Billions In Losses

PA | Posted 22.04.2012 | UK

Bailed-out banks Royal Bank of Scotland and Lloyds will this week fuel fears that it will take years for taxpayers to get their money back. The pre...

What Freedom Are We Calling For? Part 1/5

Ziad El-Hady | Posted 21.04.2012 | UK
Ziad El-Hady

There is a call for 'freedom' in the Middle East, both from citizens within its troubled borders, and from our own Western supporters of democracy ove...

Reflections From Florence: The Medici Versus the Modern Banker

Peter Skelton | Posted 21.04.2012 | Home
Peter Skelton

I have just returned from a trip to Florence where, like thousands of other visitors every year, I gazed on the artistic and architectural marvels cre...

Taxpayer Backed Banks RBS And Lloyds To Post £4bn Losses

PA | Posted 20.04.2012 | UK

Britain's part-nationalised banks, Lloyds Banking Group and Royal Bank of Scotland, are expected to report combined losses of at least £4 billion for...

Barclays Cuts Bonuses As It Announces £5.9bn ‎Profits

PA/The Huffington Post | Posted 10.02.2012 | UK

Banking giant Barclays slashed the bonus pool for its investment banking arm by 32% in 2011 to £1.5bn, amid mounting pressure over the controversial ...

Barclays Slashes Bankers' Bonus Pot (To £1.5 Billion)

PA | Posted 10.02.2012 | UK

Banking giant Barclays slashed the bonus pool for its investment banking arm by 32% in 2011 to £1.5 billion amid mounting pressure over the controver...

Private Sector Banks Should Rein In Bonuses Too, Says Ed Miliband

PA/The Huffington Post | Posted 10.04.2012 | UK Politics

Private sector banks, as well as the state-backed Royal Bank of Scotland and Lloyds Banking Group, have a responsibility to rein in big bonuses, Ed Mi...

'I Am Not A Robot': Stephen Hester Considered Quitting Over Bonus Row

The Huffington Post UK | Ned Simons | Posted 08.02.2012 | UK

Stephen Hester, chief executive of Royal Bank of Scotland, has admitted that accepting his £1m bonus would have damaged the bank. Hester said he h...

Barclays To Defend Self Against 'Banker Bashing'

PA | Posted 06.04.2012 | UK

Barclays will reportedly attempt to defend itself against "banker bashing" this week by revealing that it has cut pay and met targets for lending to b...

Unions Welcome Goodwin 'Token Gesture'

Posted 31.01.2012 | UK

A leading union has welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood. David Fleming, national officer of Un...

Ex-RBS Boss Sir Fred Goodwin Stripped Of His Knighthood

Posted 01.02.2012 | UK

Ex-banker Fred Goodwin's disgrace was completed when he was humiliatingly stripped of his knighthood on Tuesday. The award was "cancelled and annul...

Cameron Will Not 'Micro-Manage' Other RBS Bonuses

Posted 30.01.2012 | UK

David Cameron will not stop the Royal Bank of Scotland awarding other bonuses to its executives, a Downing Street spokesperson has said. RBS chief ...

Cameron Will Not 'Micro-Manage' Other RBS Bonuses

Posted 30.01.2012 | UK Politics

David Cameron will not stop the Royal Bank of Scotland awarding other bonuses to its executives, a Downing Street spokesperson has said. RBS chief ...

UBS 'Rogue Trader' Pleads Not Guilty To £1.5bn Fraud

Posted 30.01.2012 | UK

The City trader accused of fraudulently gambling away £1.5bn at UBS has pleaded not guilty at Southwark Crown Court. Kweku Adoboli, 31, faces char...

RBS Boss Stephen Hester Is 'Doing A Good Job', Shareholder Says

Huffington Post UK | Peter Guest | Posted 27.01.2012 | UK

Pressure is growing on Royal Bank of Scotland chief executive Stephen Hester to turn down his six-figure bonus, as politicians and unions line up agai...

RBS Chief's £1m Bonus

PA/Huffington Post UK | Posted 27.03.2012 | UK

Stephen Hester, boss of taxpayer-funded RBS, has been awarded a bonus worth £963,000, around 60% of his entitlement, following political pressure to ...