banks

Northern Rock improving despite losses

Update: Wed, 10/03/2010 - 10:12

Losses at nationalised bank Northern Rock shrank to £257.4 million last year as income levels picked up and bad loans lessened in the second half of 2009. Read more

Metro Bank gets green light for London roll-out

Update: Fri, 05/03/2010 - 17:06

A new bank set up by an American entrepreneur has been given the green light by the city watchdog to become the first high street bank to open in the UK for more than 150 years. Read more

HSBC announces 24% fall in profits

Update: Mon, 01/03/2010 - 09:41

Banking giant HSBC saw its pre-tax profits tumble 24% in 2009 despite record earnings at investment banking arm. Read more

Lloyds reports losses of £6.3 billion

Update: Fri, 26/02/2010 - 09:30

Bad debts continued to haunt Lloyds Banking Group last year, pushing the part-nationalised bank to a £6.3 billion operating loss. Read more

Tories to offer taxpayers cheap shares in banks

Update: Tue, 23/02/2010 - 14:39

Lloyds Banking Group shareholders and City commentators have given a tentative thumbs up to Conservative Party plans to offer millions of people cheap shares in Britain's nationalised banks. Read more

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Do we really need more banks?

By Rebecca Atkinson Update: Thu, 18/02/2010 - 17:45

As new bank branches open on high streets across the country, Rebecca Atkinson asks what impact this will have on customers. Read more

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Barclays unveils record profits

Update: Tue, 16/02/2010 - 09:51

Barclays has kicked off the UK banking sector results season with a 92% rise in full-year profits to £11.6 billion. Read more

Will banks report more big losses?

Update: Fri, 12/02/2010 - 17:24

While the worst of the financial sector crisis may have passed, bad debts are still set to knock results as we enter banking reporting season. Read more

Scaling down banks won't make them safer, says Barclays

Update: Tue, 09/02/2010 - 14:37

The chief executive of Barclays has played down US proposals to make the financial system "safer" by scaling down the size of the banks and stopping them from carrying out riskier trading activities. Read more

£850 million of taxpayers' money used to rescue banks

Update: Fri, 04/12/2009 - 11:56

Taxpayers have forked out £850 billion to bail out the UK’s beleaguered financial system so far, according to a review from the National Audit Office. Read more

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