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BoE Asks Banks to Beef Up Capital
British banks are required to raise more capital at the earliest as the strength of the worldwide financial markets remains weak.
No Bonus This Year for Bankers, Says Bank of England
Bank of England asked the banks not to distribute huge amounts in bonuses because of the tight financial situation.
Game Group in Talks Over Rescue Deal
Game Group has been given a potential lifeline as administration looms.
Lloyds and RBS Look for €15 Billion from ECB
Lloyd's Banking Group (LBG) and the Royal Bank of Scotland (RBS), UK's leading part-nationalised banks, are reportedly planning to approach the European Central Bank (ECB) for a special three-year funding scheme.
RBS Announces £2bn Loss and £800m Bonuses
Losses double year-on-year for Royal Bank of Scotland after hits over pension mis-selling and Greek debt write-offs.
Lloyds Bank Recalls £1m in Bonuses
Lloyds Banking Group takes back part of huge packages awarded to senior directors during 2010.
Stephen Hester: I Sympathise With Anger Over Bank Bonuses
RBS boss Stephen Hester breaks silence to say: I had to defuse bonus row 'timebomb'.
Fred 'the Shred' Goodwin: A Scapegoat for All Seasons
The Press Association announced on Sunday 05 February, that disgraced former banker, Sir until a few days past but now plain Mr, Fred Goodwin, had resigned his position as a trustee of the Queen's Silver Jubilee Trust prior to being stripped of his knighthood on the first day of the month.
Million Dollar Bonuses: RBS Stephen Hester and Global Income Inequalities
How much money did each of us make in 2011? The chances are, no matter how much each of thought we made, it would have been peanuts compared to the big bucks that CEOs, Presidents of the Board and company Directors would have pocketed! Then consider the fact that median annual wages in the U.S. fell (for 2010) to $26, 364 (the lowest since 1999) and average wages in the UK (for 2011) were £25,900 (a miniscule ...
Fred Goodwin Stripped of Knighthood
Royal Bank of Scotland former chief executive loses knighthood for bringing system into disrepute.
Victory for Ed Miliband as RBS Chief Stephen Hester Forfeits £1m Bonus
Royal Bank of Scotland chief does the right thing, says Labour leader who pushed for end to extreme bonuses.
Sir Fred Goodwin's 'Lack of Experience' To Run RBS Concealed
MPs hear of lawyers’ intervention to block direct criticism over a lack of proof of “incompetence”.
Sir Fred Goodwin Should Lose Knighthood over RBS Meltdown, Say MPs
Disgraced RBS banker Sir Fred Goodwin should be stripped of knighthood he was given for services to banking.
Kim Jong-il: Can South Korea Survive Supreme Leader's Death?
Death of North Korean leader Kim Jong-il raises questions about whether South Korea's faltering economy could cope with the economic pressure of a united Korea.
Banking Reform: George Osborne to Adopt Vickers' Report Despite Warnings
The Chancellor of the Exchequer, George Osborne, will press ahead with controversial plans to shake up the banking industry despite warnings that it could harm the economy.
Fred Goodwin's 'Poor Management Decisions' Caused RBS to Fail
Infamous former Royal Bank of Scotland (RBS) chief executive Sir Fred Goodwin was at the heart of "poor management and board decisions" that led to the bank's failure, according to a new report.
Hefty City Bonuses Back, Barclays Planning £5 Billion Payout
London-based bank Barclays is reportedly planning to give an average of £210,000 each to the 24,000 investment staff.
RBS Pulls Out of 'Greenwash' Climate Change Sponsorship Deal
The bank ends sponsorship of Climate Week event following claims of “corporate greenwash”.
Raining Bonuses at Royal Bank of Scotland: Plans to Spend £500 Million on Staff Bonus
The Royal Bank of Scotland (RBS) seems to be less than concerned by its decline in profits; evident by its reported decision to award a total of £500 million as bonus for its employees.
RBS Third Quarter Profit Falls 63% on Eurozone Crisis
The Royal Bank of Scotland Group Plc. (RBS) Friday reported a decline in its third quarter profits. The much watched banking stock in the FTSE posted an operating profit of 267 million pounds which is 63 percent down for the same quarter last year.
RBS Among Banks Moving to Apple Following BlackBerry Black Out Last Week
The Royal Bank of Scotland (RBS) is to trial the use of iPhones and iPads among senior staff, replacing their current BlackBerrys in a move that could see RIM lose out to Apple as the business phone of choice.
Tom Hicks and George Gillett Still Seeking Liverpool Damages
Liverpool's former owners Tom Hicks and George Gillett are still seeking damages from the club's current owners, former directors and the Royal Bank of Scotland, nearly one year after New England Sports gained control of the club.
FTSE Rockets on Hopes of New Eurozone Rescue Plan.
The FTSE 100 bounced back Tuesday amid hopes that the International Monetary Fund is soon to agree a package to resolve the debt crisis.
Utility Bill Hikes Accountable for Further Inflation Rise
Inflation figures released Tuesday show that UK inflation has reached a three year high thanks to a huge rise in the cost of both utility and food bills.
RBS Group PPI Claims Mount, 96,205 Customer Complaints Received
RBS Group and HSBC have reportedly seen a surge in customers lodging grievances related to the sale of Payment Protection Insurance.
Royal Bank of Scotland Shares Hit 2-Year Low, Posts Loss
RBS shares dive, but chief executive calls for calm.
Provisional Debt Deal Pushes up Global Shares
Reports that Eurozone leaders have reached a provisional agreement on how to tackle the debt crises in the Eurozone have pushed up global stock markets.
AntiSec: Anonymous hackers Operation Green Rights to Target Oil Companies
After releasing 90,000 of military contractor Booz Allen Hamilton's email addresses and passwords, hacker collective Anonymous has revealed the latest step in its AntiSec campaign, Operation Green Rights.
Aviva share price down on FTSE 100 as new chairman lined up
Shares in Aviva were down on the FTSE 100 in morning trading after the insurance group announced the appointment of a new Chairman.
Injunction actor named in Irish newspaper
The Sunday Herald set a precedent last month after it exposed Ryan Giggs' alleged affair. Now an Irish newspaper has identified a married actor who supposedly obtained an injunction to conceal details of an affair with a married colleague.