UK Finance News

Lloyds Banking Group have said that they expect to make another 2,100 staff redundant as the bank seeks to cut out duplicate roles forced upon them through the takeover of rivals HBOS.
The news of further job losses at Lloyds means that the bank will have shed around 7,000 jobs since the takeover which was engineered [...]

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The chairman of the Financial Services Authority (FSA), Adair Turner, has today told the parliamentary treasury committee that there will be no legal carve up of the industry in the wake of the biggest financial crisis in living memory.
However banks will be assessed on the level of risk they take and generally speaking, the bigger [...]

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Royal Bank of Scotland are set to unveil a pay package for CEO Stephen Hester that has been accepted by the banks shareholders including UK Financial Investments , the body that manages the tax payers 70% of the business.
An agreement was reached with shareholders on Friday and today’s Financial Times believes the deal to be [...]

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As a young businessman in the seventies the launch of Barclaycard and it’s rival Access opened a whole new buying experience for me, the only other alternative to carrying cash in those days was American Express or Diners Card, neither of which offered credit facilities and both demanding a fee to join.
I have pretty much [...]

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A poll in the Financial Times today shows that eleven out of twenty economists surveyed believe that the UK economy has stopped contracting and is likely to grow in the coming months. Even those who considered that the economy is still shrinking, believe that it is close to bottoming out.
It seems that Chancellor Alistair Darling’s [...]

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