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Tag: banking

As I See It

Merger plan means big banking is back

I hate to say "I told you so", but I've been predicting for some time that the challenger banks would eventually merge or be snapped up by bigger banks

Challenger bank sold

Aldermore agrees to £1.1bn FirstRand takeover

Aldermore
Aldermore Group, one of the challenger banks which emerged from the 2008 financial crash, has agreed a takeover

$1.1 billion agreement

Royal Bank reaches part-settlement on US claims

RBS hq
The Royal Bank of Scotland has agreed to pay $1.1 billion (£846m) to settle one of the legal actions against it in the US over the mis-selling scandal...

Watchdog calls for change

Banks told to give customers more use of technology

Bank of Scotland branch
Banks have been told to introduce more technology to provide customers with greater control over their accounts and ability to switch provider...

CEO admits continuing issues

Co-op Bank losses rise as legacy issues remain

Co-operative Bank has seen its first half losses surge from £77 million to £204.2m as it continues to grapple with legacy issues. The troubled bank was hit by net losses onRead More

Comms chief for bank

Ex-HBOS spinner joins Santander

Former HBOS communications chief Shane O’Riordain is joining Santander ahead of a likely UK flotation. Mr O’Riordain moves from Royal Mail where he held the same post through its listingRead More

Institutions to pay about £2 billion

Treasury kicks off RBS share sale and long return to private sector

RBS Gogarburn
The government kick-started the long-awaited and long return of Royal Bank of Scotland to the private sector today by indicating it would be selling a stake worth £2 billion at a loss.

Bank considers one-off dividend

Lloyds PPI bill soars to £13.4 billion as profits also rise

Lloyd Banking Group has set aside a further £1.4 billion to compensate customers mis-sold payment protection insurance, taking its total bill for the scandal to £13.4bn. The shocking new figure wasRead More

Bank 'moving forward' despite half-year loss

Royal Bank of Scotland preparing for ‘noisy year’, says McEwan

Royal Bank of Scotland reported a rise in second quarter profit after booking a £1.05 billion charge for the costs of restructuring and setting aside £459 million to deal withRead More

Share sale will raise £1.4bn

RBS to cut Citizens stake a year earlier than planned

RBS hq
Royal Bank of Scotland now expects to sell its Citizens Bank subsidiary in the US a year ahead of schedule. The bank has today announced the sale of shares inRead More