Tag: British banks

UK bank bosses in line for £6bn bonuses

UK bank bosses in line for £6bn bonuses

The controversial subject of bonuses has emerged again today after the Sunday Times reported Britain’s top banks will pay out a combined £6 billion in bonuses. The report comes despite the Government’s clampdown on bonuses as it endeavours to negotiate with the banks to commit to lending targets for small businesses and restraints on pay. [...]

February 7, 2011 | 0 Comments More
Bank of England warns over euro zone debt crisis

Bank of England warns over euro zone debt crisis

In its latest half-yearly Financial Stability Report, the Bank of England has highlighted the uncertainty surrounding the euro zone debt crisis - suggesting it could be a threat to UK banks. The central bank expressed its concern for the ongoing debt situation in the 16-member nation - primarily because UK banks have significant investments in [...]

December 17, 2010 | 0 Comments More
Six British banks propose to kick-start lending

Six British banks propose to kick-start lending

The bosses of Britain’s top six banks have revealed a £1.5 billion fund, designed to kick-start lending to small businesses. It was announced in August that the chief executives of Barclays, Royal Bank of Scotland, Lloyds Banking Group, Standard Chartered and the heads of the UK operations of HSBC and Santander, would address the shortage [...]

October 13, 2010 | 0 Comments More
Bradford & Bingley rescued by British banks

Bradford & Bingley rescued by British banks

Struggling former building society, Bradford & Bingley (B&B), is to be rescued by British banks due to pressure from the Financial Services Authority (FSA). The regulator has been taking responsibility for ensuring that B&B’s capital-raising does not head towards disaster after the criticism it received for neglecting to foresee the problems that led to the [...]

July 9, 2008 | 0 Comments More