Shares in Royal Bank of Scotland slumped on Thursday, a day after the state-rescued lender said that chief executive Stephen Hester was stepping down to allow someone else to help it return to the private sector.
Thursday, June 6, 2013
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European Commission officials have drafted plans to take the scandal-hit key interest rate Libor from its current London base, the Financial Times reported on Thursday.
Thursday, May 16, 2013
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State-rescued Royal Bank of Scotland axed 1,400 more positions on Thursday, taking the total number of job losses close to 40,000 since its vast state bailout at the height of the global financial crisis.
Thursday, May 16, 2013
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Britain's High Court on Thursday rejected a challenge by a campaign group over the legality of a so-called "sweetheart" tax deal between British tax authorities and US investment banking giant Goldman Sachs.
Monday, May 13, 2013
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Lloyds Banking Group said on Monday that chairman Winfried Bischoff will retire from the post by the middle of next year after overseeing a partial turnaround of the state-rescued British bank.
Monday, May 13, 2013
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A dual-track system combining survey-based rates and objective data is set to replace key global interest rate Libor, the Financial Times reported on Monday.
Wednesday, May 8, 2013
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British supermarket chain Sainsbury's on Wednesday announced a rise in annual profits and said it was taking full control of the group's banking unit after buying the stake held by bailed-out Lloyds Banking Group.
Saturday, April 27, 2013
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Archbishop of Canterbury Justin Welby accepted in an interview aired Saturday that he had probably ruffled the British government's feathers with his comments on the bleak state of the economy.
Wednesday, April 24, 2013
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Britain's state-rescued Lloyds Banking Group on Wednesday said a deal agreed last year to sell 632 branches at a loss to The Co-operative Group had collapsed, adding that it would now divest Project Verde via an initial public offering.
Wednesday, April 24, 2013
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British bank Barclays, seeking to fix its battered reputation caused by last year's Libor rate-rigging scandal, said on Wednesday that it returned to profit in the first quarter with net earnings of £839 million ($1.28 billion, 983 million euros) after a loss in the first three months of 2012.
Thursday, June 13, 2013
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