Royal Bank of Scotland reported its ninth consecutive annual loss this morning, pushing shares down two per cent.
The lender's losses widened to £6.96bn in 2016, compared with £1.98bn the year.. City A.M.
WASHINGTON (Reuters) - A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday. Reuters
Like the rest of the world, Lloyd's of London was caught unawares by the attack on the World Trade Centre in September 2001.
The world has been hit by natural catastrophes since the tragic 9/11.. City A.M.
WASHINGTON (Reuters) - The Federal Reserve on Monday announced that smaller lenders will be exempted from parts of a rigorous "stress test" of their financial health in a move that had been expected. Reuters
The governor of the Bank of England reaffirmed today that Brexit is not the biggest risk to the UK's financial system.
Speaking in front of the Treasury Select Committee, Mark Carney confirm that it.. City A.M.
As we enter 2017, the tide has truly turned against Britain’s buy-to-let landlords. First, George Osborne discouraged people from buying a second residential property by imposing extra stamp duty of.. City A.M.
Standard Chartered's Thai unit has agreed to offload its retail banking business to Tisco Bank and All-Ways Company, both units of Thai group Tisco Financial.
The move continues chief executive.. City A.M.
Royal Bank of Scotland has reached a settlement with three out of five shareholder groups involved in claims relating to a rights issue the bank carried out during the financial crisis.
RBS said.. City A.M.
A subset of shareholders suing RBS over how it handled a financial crisis fundraising are holding out for a better deal, despite other investors closing in on an out of court deal.
Shareholders.. City A.M.
Shareholders can be a harsh bunch sometimes; shares in Spain's Banco Popular shot up today after the board voted to oust its long-serving chairman.
Angel Ron has sat at the helm of the struggling.. City A.M.
The Bank of England 2016 stress test was the toughest to date, with a more severe scenario which incorporated a combination of both a UK and global recession. Combined with a higher pass mark, this.. City A.M.
The Royal Bank of Scotland will now renew efforts to slash costs and shed assets, as it tries to bolster its balance sheet after flunking the Bank of England's most recent stress test.
As the worst.. City A.M.
Bank of England governor Mark Carney has today reiterated his views that businesses need a helping hand to get through Brexit.
Speaking at a press conference to coincide with this morning's release.. City A.M.