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FINANCE

RBS unveils bumper £1.7 billion dividend

Digital Desk -
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...
FINANCE

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

Digital Desk -
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...
FINANCE

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

Digital Desk -
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...
FINANCE

Germany denies backing Mark Carney as next head of IMF

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

Five banks fined €1.07bn over foreign exchange cartel

Digital Desk -
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...
BUSINESS

Switzerland releases new version of banknote worth €881

Digital Desk -
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...
BUSINESS

Barclays sets aside £150m for Brexit uncertainty as profits edge lower

Digital Desk -
Banking giant Barclays has revealed a £150m hit to cover Brexit uncertainty as it said annual profits edged 1% lower to £3.49bn. The group said it had...
BUSINESS

PwC, EY join consult ban to restore public trust in sector

Digital Desk -
Two of the Big Four accounting firms said they will stop offering consulting services to audit customers in an effort to restore public trust...
BUSINESS

Experts warn Manchester United that great finances are based on great football

Digital Desk -
Football finance experts have warned Manchester United that their status as the world’s most valuable club will not last if they continue to trail...
BUSINESS

German police search Deutsche Bank offices in tax haven case

Digital Desk -
German authorities have searched the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion that bank employees helped clients set up...
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