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FINANCE

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UK core financial services ’under threat from cyber attack’

Digital Desk -
The Bank of England has warned of the “serious and growing threat” to stability posed by a cyber attack at the heart of the...
BUSINESS

Barclays fined £72m for rushing crime checks in order not to ‘inconvenience’ ultra-rich clients

Digital Desk -
Barclays has been hit with a record £72 million fine after City regulators in England found the bank cut corners to rush through financial...
BUSINESS

Standard Chartered bank to cut 15,000 jobs worldwide

Digital Desk -
Standard Chartered is to slash 15,000 jobs worldwide and is making a $5.1bn cash-call to investors as part of a major overhaul to shore...
BUSINESS

HSBC quarterly profit surges by third as costs fall

Digital Desk -
HSBC Holdings reported in Hong Kong that pre-tax profit has jumped by a third in the latest quarter as it paid out less in...
BUSINESS

RBS endures sharp fall n Q3 profits

Digital Desk -
British taxpayer-backed Royal Bank of Scotland has revealed a sharp fall in third-quarter profits. Pre-tax profit before one-time items and restructuring costs came in at...
BUSINESS

New Barclays boss in line for £8.2m remuneration package

Digital Desk -
New Barclays boss Jes Staley could earn up to £8.2m a year, it has been revealed. The bank confirmed Mr Staley as its new group...
BUSINESS

Volkswagen shares fall amid emissions scandal

Digital Desk -
Shares in car manufacturer Volkswagen are falling for a third consecutive day amid its widening emissions rigging scandal. Volkswagen’s share price fell by 4% to...
BUSINESS

British government sells RBS shares at loss of £1bn to taxpayer

Digital Desk -
The British Treasury has sold the first tranche of shares in Royal Bank of Scotland for £2.1 billion, but the taxpayer has made a...
BUSINESS

Lloyds profits rise despite PPI bill

Digital Desk -
Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI). But Lloyds, which is backed by the British...
BUSINESS

Barclays chief signals more job losses despite profit rise

Digital Desk -
Barclays boss John McFarlane has signalled more job cuts to come at the bank as he set out plans to ramp up earnings growth...
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