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Tag Archive | "britain"

Barclays sells almost 95% of new shares

Friday, October 4, 2013

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Barclays has sold nearly all of the shares in its £5.8-billion ($9.4-billlion, 6.9-billion-euro) rights issue, the British bank said on Friday

Barclays has sold nearly all of the shares in its £5.8-billion ($9.4-billlion, 6.9-billion-euro) rights issue, the British bank said on Friday.

RBS sells 20% of insurer Direct Line

Friday, September 20, 2013

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The Royal Bank of Scotland (RBS) London headquarters is pictured on February 28, 2013

Britain's state-rescued Royal Bank of Scotland has sold a further 20 percent of its insurance unit Direct Line Group for £630 million ($1.01 billion, 748 million euros), it said Friday.

Bank of America probe after hard-working intern dies

Friday, August 23, 2013

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A Bank of America logo is seen outside a bank branch in Washington, DC, on August 19, 2011

Bank of America Merrill Lynch launched a review of working conditions on Friday following the death of a German intern who had reportedly worked for long hours at its London offices.

UK banks face new £1.3 bn bill over mis-selling

Thursday, August 22, 2013

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Britian's troubled banking sector faces a bill of up to £1.3 billion to compensate customers

Britain's troubled banking sector faces a new bill of up to £1.3 billion to compensate millions of customers who were mis-sold credit card insurance and identity protection policies, regulators said Thursday.

UK state-rescued Lloyds Bank returns to profit

Thursday, August 1, 2013

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A man leaves a branch of Lloyds TSB bank in central London on March 1, 2013

Britain's state-rescued Lloyds Banking Group on Thursday announced a return to first-half net profits as the government looks to return the lender to the private sector.

Commerzbank in huge sale of UK real-estate loans

Monday, July 15, 2013

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The logo of Commerzbank pictured outside a branch and the headquarters (L) in Frankfurt, April 7, 2011

Commerzbank, Germany's second-biggest bank, said on Monday it had agreed to sell a huge portfolio of commercial real estate loans in Britain to US bank Wells Fargo and Lone Star Funds.

UK hands Libor supervision to NYSE Euronext

Tuesday, July 9, 2013

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The NYSE Euronext logo pictured at the Euronext office in Paris on May 23, 2013

Britain will hand over supervision of Libor interest rate-setting to stock exchange operator NYSE Euronext, after last year's interbank rate-rigging scandal, the Treasury said on Tuesday.

New Bank of England boss faces stimulus battle

Sunday, June 30, 2013

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Canadian Mark Carney, pictured in May, 2013, begins his job as governor of the Bank of England on Monday

Canadian Mark Carney begins his job as governor of the Bank of England on Monday, joining an institution divided on whether to pump out more cash stimulus to boost Britain's fragile economic recovery.

Departing Bank of England chief lashes out at banks

Tuesday, June 25, 2013

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Bank of England governor Mervyn King has been in charge of the cental bank since July 2003

Bank of England governor Mervyn King, who steps down this week, on Tuesday attacked commercial banks for their intense political lobbying against new rules on capital reserves.

Somalis urge Barclays not to close accounts

Monday, June 24, 2013

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A branch of Barclays bank in central London on February 12, 2013

Somalia's money transfer businesses appealed on Monday for the last major British bank they work with not to close its accounts, warning this would cut lifeline services for the war-torn nation.

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