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Friday, August 7, 2020
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CATEGORY

FINANCE

RBS swings to a loss after £900m PPI hit

Royal Bank of Scotland has tumbled to a loss in the third quarter after taking a £900 million hit for payment protection insurance (PPI) claims. The...

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...

Belgian prosecutors settle with HSBC in tax-dodging case

Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...

HSBC chief executive steps down

HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces. The...

RBS unveils bumper £1.7 billion dividend

Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...

Bank of England to hold rates steady amid no-deal Brexit fears

Bank of England policymakers are set to hold interest rates but slash economic growth forecasts on Thursday as fears of a cliff-edge Brexit mount. The...

Brexit-hit pound heading for worst month since 2016 after further falls

The pound is heading for its worst month for nearly three years as it continues to tumble amid mounting fears over Boris Johnson’s hard-line...

Germany denies backing Mark Carney as next head of IMF

The German government said it has not decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund...

Five banks fined €1.07bn over foreign exchange cartel

Five banks handed a €1.07bn fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced. Barclays and Royal Bank of...

Switzerland releases new version of banknote worth €881

Switzerland’s central bank has unveiled a redesigned version of its 1,000-franc (€881) note. The Swiss National Bank said the overhauled version of its highest-denomination note...

Latest news

Valtteri Bottas to drive for Mercedes again next season

Valtteri Bottas has been retained by Mercedes for 2021. The Finnish driver heads into this weekend’s 70th Anniversary Grand Prix at Silverstone 30 points adrift...

Zinedine Zidane: Gareth Bale ‘didn’t want to play’ against Manchester City

Real Madrid coach Zinedine Zidane has said Gareth Bale opted to miss Friday’s Champions League clash against Manchester City. Wales international Bale has fallen out...

Ohio governor tests positive for coronavirus just before Donald Trump meeting

Ohio Governor Mike DeWine has tested positive for coronavirus, just ahead of a planned meeting with President Donald Trump. The Republican governor’s office said that...

Eurotunnel sees demand return quicker than airlines

Demand for car-carrying Channel Tunnel trains is returning to pre-coronavirus pandemic levels quicker than air travel, new figures show. Some 233,172 passenger vehicles were carried...

Macron urges reform as Lebanese officials seek to shift blame over blast

Lebanese officials targeted in the investigation into the massive blast that tore through Beirut have sought to shift blame for the presence of explosives...
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