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UK banks and the State

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RBS chief faces up to staff cut criticism

Stephen Hester claims ‘public and media excoriation’ that had been heaped on RBS bankers led to a ‘loss of people that had been damaging but not destructive’

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

UK to inject £37bn into Lloyds and RBS

The two UK state-owned banks announce they are raising more than £50bn in moves engineered in conjunction with the government and the European Commission

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Comment

Brussels and Treasury hand rivals a stick to beat RBS

Lombard

The ‘behavioural’ conditions imposed on Royal Bank of Scotland’s global banking and markets team were part of the swamp of detail on how its competitive position should be hobbled, says Andrew Hill

Inequity injection

UK taxpayers are offloading less risk than meets the eye in the deals with Lloyds and RBS. Their exposure is not ended, only made less visible – and provided free of charge

Battle for Britain’s banking system: a casualty list

This is not the end. It is not even the beginning of the end. But it is perhaps the end of the beginning. Andrew Hill asks, who will come out best from the battle for Britain’s banks?

Lloyds Banking Group

The UK bank’s chief executive is sticking to his mantra: the worst is behind us. But is that the case?

HMS Lloyds

The UK government has much to do if its big banks are ever to operate under their own steam without government support

Darling, you know how to make a bank happy

Lombard

Chancellor of the exchequer, Alistair Darling, is set to hand the recalcitrant Lloyds Banking Group the get out of jail (almost) free card it was angling for – and a few bells and whistles, too

Softer landing means a delay to vulture funds’ feast

Stephen Hester, chief executive of RBS, has given the clearest indication yet there could be a softer landing than feared for a property industry facing up to the reality of its £225bn of outstanding debt

Watchdog’s failure to act on lost savings says it all

Thousands of investors who invested in structured products are still waiting for concrete action from the FSA, writes Ed Vaizey

Multimedia

Bank Street

Take a walk down Bank Street and follow the fortunes of some of the world’s largest banks as they navigate the global financial crisis

Are European banks too big to fail?

Examines relative size of business and government

Bank Street

Lex

Lloyds Banking Group

The UK bank’s chief executive is sticking to his mantra: the worst is behind us. But is that the case?

The UK’s ‘light-touch’ asset protection scheme

The Treasury, desperate to bury ‘light-touch’ regulation, must have winced when Stephen Hester hailed the new ‘light-touch’ asset protection scheme

Privatising UK banks

The Tories have said that if they win next year’s elections, they might sell the government’s stakes in Lloyds Banking Group and RBS to the public

UK banks

From its unintended position deep within the UK banking sector labyrinth, the government is hunting for the exit signs

Latest news

Suitors face long wait

Lloyds’ rights issue marks turnround

Clamour for sacrifices led to Halloween shock

Rules loosened in bonus clampdown

More aid to banks clouds Darling’s task

Turner’s capital concession to new-look banks

RBS to consider further asset sales

Huge bail-outs leave building societies miffed

Lloyds to offer sweeteners to bondholders

Santander can bid for RBS business branches