Articles tagged "banks"

  • LLoyds TSB
    Lloyds losses hit £10 billion
    27/02/2009 - 10:53
    News by Rhian Nicholson

    Lloyds Banking Group has confirmed that HBOS made losses of over £10 billion in 2008, while Lloyds TSB saw its profits dive by 80%.

  • Stockmarkets drop as optimism fades
    27/02/2009 - 12:33
    News by Rhian Nicholson

    London markets were a sea of red on Friday, as yesterday's optimism over the Government's banking sector insurance scheme faded amid worse-than-expected results from Lloyds.

  • Why are taxpayers footing the bill for banks’ losses?
    25/08/2011 - 09:31
    Article

    The Treasury is to help banks weather the financial crisis by insuring them against future losses caused by toxic debt. But what benefit will taxpayers receive for footing the bill for banks' losses?

  • Financial results
    Bailed-out bank reveals dismal performance
    27/02/2009 - 12:34
    News

    The Treasury is to buy billions of pounds of toxic debt from Royal Bank of Scotland, as the bank announces the largest annual loss in UK corporate history.

  • Stressed businessman
    Bonus cap for RBS bankers
    17/02/2009 - 17:49
    News by Chris Thomas

    Bonuses paid out to staff at Royal Bank of Scotland are to be capped, the government has confirmed.

  • Lloyds in nationalisation rumour
    16/02/2009 - 10:34
    News by Rhian Nicholson

    Speculation is mounting that the government might be forced to nationalise the newly formed Lloyds Banking Group.

  • NR umbrella
    NR shareholders lose legal battle
    13/02/2009 - 11:44
    News by Rhian Nicholson

    Former shareholders in Northern Rock have been left heavily out of pocket after losing their High Court battle against the government’s proposed compensation scheme.

  • Bank bosses "sorry"
    10/02/2009 - 17:47
    News by Rhian Nicholson

    The former bosses of HBOS and RBS have said they are 'sorry' for their role in the banking crisis.

  • Barclays' cash machines
    Barclays scraps executive bonuses
    09/02/2009 - 11:56
    News by Rhian Nicholson

    Barclays has agreed to scrap executive bonuses after posting profits of £6.08 billion for 2008 - down 14% from the previous year.

  • Barclays logo
    Barclays in profit despite the crunch
    26/01/2009 - 11:31
    News

    Barclays has delivered better than expected financial results and reiterated claims that it does not need any government money to survive the slump.