Articles tagged "banks"

RBS's Hester gives up £1 million bonus

Last updated: Jan 30th, 2012
News
The Royal Bank of Scotland chief executive, Stephen Hester, has given up his bonus of 3.6 million shares in the bank, worth close to £1 million, after widespread public disgust at the payout led to an intense media and political onslaught.

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RBS failures caused by poor decisions

Last updated: Dec 12th, 2011
News by Rebecca Rutt
The near collapse of the Royal Bank of Scotland was due to poor decisions made by those in charge of the bank and flaws in regulation, the Financial Services Authority says.

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HSBC hit by record £10.5 million fine

Last updated: Dec 5th, 2011
News
HSBC has been hit by a record £10.5 million fine by the Financial Services Authority because of inappropriate investment advice to the elderly.

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Northern Rock sold to Virgin Money

Last updated: Nov 17th, 2011
News by Rebecca Rutt
Northern Rock is to be sold to Virgin Money for £747 million, the Treasury has announced.

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Banks need to give savers a break

Last updated: Nov 1st, 2011
TV

Low interest rates and high inflation has made it nigh on impossible
to make any money from your savings. Johanna Gornitzki demands justice for savers.

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UK banks downgraded

Last updated: Oct 7th, 2011
News by Nathalie Bonney
Some of the UK's biggest banks have been downgraded by ratings agency Moody's.

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Barclays most complained about bank

Last updated: Sep 28th, 2011
News by Nathalie Bonney
Barclays Bank received the most customer complaints for the first half of 2011, according to data from the Financial Services Authority.

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Banks must ring-fence retail and investment arms

Last updated: Sep 12th, 2011
News by Nathalie Bonney
UK banks will have to ring-fence their retail services from their investment activities, recommends the Independent Commission on Banking in its final report.

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Lloyds is most complained about bank

Last updated: Sep 6th, 2011
News by Nathalie Bonney
Nearly 20,000 complaints about Lloyds Bank were received by the Financial Ombudsman Service (FOS) in the first half of the year.

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Co-operative Bank rolls out branch network

Last updated: Sep 6th, 2011
News by Ruth Jackson
The Co-operative Bank has completed the integration of Britannia Building Society today as 245 Britannia branches start to offer Co-op banking services.

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