UK Finance News

In a survey conducted by jobs website eFinancialCareers.com, almost half of British bankers said that they would consider leaving their jobs if bonuses were to be capped. That figure rose to 76% for financiers with 6 to 10 years experience.
John Benson of eFinancialCarreers says:
“Were bonuses to be capped unilaterally in the UK, the country would [...]

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Despite the government getting tough with the banks bailed out with tax payers money, the chances of getting them to start lending money to kick start the economy look pretty slim. The chancellor,  in desperation has taken a fresh look at the nationalised bank Northern Rock to come up with a plan B.
Since being nationalised [...]

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Would you turn down a shopping trolley full of cash?
The trading standards office in Birmingham (England)  have refused to accept the cash from wheel clamper Gary Southall as payment for legal costs he owes to the city council following a court case.
The reason – Southall had filled the shopping trolley with the outstanding payment of  [...]

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More bad news for the UK taxpayer emerged this morning as Lloyds Banking Group shares took a tumble of 20% on the back of it’s takeover of HBOS and the latest profit warning put out on Friday by the latter sending shockwaves through the market amid fears it may require further state capital or even [...]

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There is uproar in the financial press today following revelations by a former employee of HBOS claimed to have warned directors at the bank of the impending danger of their sales culture as long ago as 2004.
Paul Moore was employed as risk manager with HBOS between 2002 and 2005, his warnings that the bank was [...]

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