banks

Bailed-out bank reveals dismal performance

Friday, 27 February 2009 | News

Royal Bank of Scotland, which is 68% government-owned, has unveiled the largest annual loss in UK corporate history totalling £24.1 billion.

Bonus cap for RBS bankers

Tuesday, 17 February 2009 | News

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

Lloyds in nationalisation rumour

Monday, 16 February 2009 | News

Speculation is mounting that the government might be forced to nationalise the newly formed Lloyds Banking Group, amid its plummeting share price and a £10 billion loss by HBOS.

NR shareholders lose legal battle

Friday, 13 February 2009 | News

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"

Tuesday, 10 February 2009 | News

Sorry was the word of the day, as former bosses of HBOS and Royal Bank of Scotland faced up to MP's scrutiny over their roles in the banking crisis.

Barclays scraps executive bonuses

Monday, 09 February 2009 | News

Barclays has seemingly defied the economic turmoil and posted profits of £6.08 billion for 2008.

Barclays in profit despite the crunch

Monday, 26 January 2009 | News

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

Lending at eight-year low

Wednesday, 21 January 2009 | News

December saw the lowest level of mortgage lending for nearly eight years with approvals on home loans plummeting 47% since the same month in 2007.

Britannia and Co-Op to create super-mutual

Monday, 03 August 2009 | News

Britannia and the Co-Operative have confirmed that they will merge to create a super-mutual.

Will the bail-out help your finances?

Tuesday, 20 January 2009 | Article

At the end of last year, the government announced a scheme - termed the banking bail-out - which it hoped would kick-start the economy by supporting banks during the downturn.