$1.1 billion agreement
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 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-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
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
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
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 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
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
Osborne says 'right thing to do'
Chancellor George Osborne last night said he will start selling shares in Royal Bank of Scotland in a move aimed at getting the bank off the government’s books. He saidRead More
Bank on track for recovery
Lloyds Bank saw its bottom line profits fall after taking a £660 million hit on the sale of TSB. It meant the first quarter profit fell to £1.2 billion fromRead More
