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RBS hit by £3.3bn impairment charges
The state-owned lender, which this week agreed changes required by Brussels in return for further state funds, swung to a pre-tax loss of £2.2bn from a £2.2bn profit a year ago
UKFI walks a line on bonuses
The body that manages the government’s stakes in state-supported banks has ‘to walk a tightrope’ when approving bonuses for top staff at Royal Bank of Scotland and Lloyds, its chief executive told a parliamentary committee
Suitors face long wait
The way was has been paved for the biggest shake-up in Britain’s banking and insurance market for years, opening up an array of opportunities for buyers keen to gain their first foot-hold in the UK
Lloyds’ rights issue marks turnround
Eric Daniels, Lloyds Banking Group’s chief executive, described the launch of the bank’s long-trailed recapitalisation as a ‘milestone’: it could very easily have been a gravestone
Brown insists taxpayers will profit
The PM said the part-nationalised banks would end up reaping a profit for the taxpayer, on the day the Treasury committed another £36.7bn in net additional capital for Royal Bank of Scotland and Lloyds
Seegers ousted in Barclays shake-up
Analysts see evidence that strongest global banking groups have confidence to reshuffle ranks just a year on from the peak of financial crisis
Clamour for sacrifices led to Halloween shock
Neelie Kroes, the EU competition commissioner, has followed her tough words on bank restructuring with deeds after forcing Royal Bank of Scotland and Lloyds to dispose of key assets
Rules loosened in bonus clampdown
The clampdown on bonuses at Lloyds Banking Group and Royal Bank of Scotland could leave the two partly nationalised banks at a competitive disadvantage in recruiting staff, according to pay experts
Turner’s capital concession to new-look banks
Banks that rely on integrated treasury functions with complex reporting and legal lines that cross national borders are likely to face higher capital requirements
Ackermann hits at split-up of banks
Head of Deutsche Bank and IIF banking umbrella group in scathing attack on regulatory thinking
