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Rumors Surface of HSBC Move to Hong Kong Taking Jobs and Tax Money with Them 13 Apr 2011 | 01:56 am
Just last week UBS Chief Executive Oswald Grübel gave a good lashing to the government warning that banks are tired of being criticized and the regulations being forced on them may soon make them look...
Top Banks Seeing Green as Bonus Season Arrives 13 Apr 2011 | 01:56 am
As the country continues to recover from the most troubling recession in memory, UK banks plan on raking it in through 2011. The estimated profit is about 1 billion pounds per week, and collectively t...
Treasury Select Committee States Government Financial Reform Plans Are Too Ambitious and Mistakes Could Be Made 13 Apr 2011 | 01:55 am
According to the Treasury Select Committee (TSC), the Chancellor, rather than the Bank of England should bear the weight of responsibility when it comes to overseeing banks during a financial crisis. ...
UBS Leader Criticizes Government for Lack of Consideration for City Banks 13 Apr 2011 | 01:54 am
The leader of the Union Bank of Switzerland (UBS) criticized the UK government for its neglect of the City of London and warned that tougher regulations on the Banking Industry will see Britain and th...
UK Banking Sector Growing Like Mad 13 Apr 2011 | 01:53 am
The banking sector of the UK has not experienced this rate of growth in more than three years, according to the most recent industry survey. One bank in every three is seeing increased business volum...
UK Government and Banks Attempt to Get on Same Page 13 Apr 2011 | 01:52 am
What started out as talks to discuss bankers lending practices and bonus pay, quickly turned into the Vince Cable media circus. After all the dust cleared, sort of, George Osborne and others agreed to...
UK Investors Likely to File Class Action Suit Against RBS in British Courts 13 Apr 2011 | 01:51 am
UK investors may take what is an unusual route in British courts and file a class action case in 2011 against the Royal Bank of Scotland (RBS). While RBS has been defending itself in several such cas...
Ulster Bank Announces Plans to Become More Customer Service Oriented 13 Apr 2011 | 01:51 am
The Financial Services Authority required in August that banks publish their customer complaint data on their websites. In July a new bank, Metro Bank, opened as the first new banking business in 100...
Savings Have Become a Supplemental Source for Living Costs 8 Apr 2011 | 01:39 am
Britons are having to dip into their savings to meet day to day expenditures. Schroders Investment Management Ltd. (SIM) released new data showing that 31 per cent of Britons have had to dip into the...
Savers Must Choose Accounts That Work with Rate Increases in the Future and Not Lock In to the Low Rates of Today 8 Apr 2011 | 01:38 am
The Bank of England’s Monetary Policy Committee (MPC) has again left the rate at its historic low of 0.5% in its January Meeting. Until the minutes of the meeting are released we will not know how cl...
