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IMF to grant Egypt $12bn loan to fix ailing economy

Digital Desk -
The International Monetary Fund (IMF) is to grant Egypt a $12bn loan over three years to help the country mend its ailing economy following...
BUSINESS

Barclays bank reaches settlement in US over interest rates

Digital Desk -
Barclays Bank has agreed to pay 100 million US dollars (£77m) to 43 states and the District of Columbia to settle allegations it improperly...
BUSINESS

RBS posts massive first-half loss

Digital Desk -
Royal Bank of Scotland has reported a £2.04bn (€2.42bn) loss for the first half of the year after taking into account £1.3bn (€1.54bn) worth...
BUSINESS

HSBC’s pre-tax profits fall 29% amid Brexit concerns

Digital Desk -
HSBC has reported a 29% fall in pre-tax profits for the first half of 2016 as revenue fell 11% amid concerns over the EU...
BUSINESS

Lloyds Bank to cut 3,000 jobs and close 200 branches amid Brexit fallout

Digital Desk -
Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces itself for a cut in interest rates following Britain's...
BUSINESS

IMF chief to stand trial after €400m compensation deal for business magnate

Digital Desk -
International Monetary Fund chief Christine Lagarde must stand trial in France over a 2008 arbitration ruling that handed €400m to a politically connected business...
BUSINESS

HSBC trader bailed in US currency exchange fraud probe

Digital Desk -
A top trader at banking giant HSBC has been released on bail after he was arrested by FBI agents and charged with fraudulently rigging...
BUSINESS

Senior HSBC executive held on wire fraud conspiracy charges

Digital Desk -
HSBC's head of global foreign exchange cash trading has been arrested and charged in the US for allegedly conspiring to commit wire fraud. The US...
BUSINESS

The pound drops again after Bank of England’s governor hints at interest rate cut

Digital Desk -
Sterling has plunged by more than 1% after Bank of England governor Mark Carney signalled interest rates could be cut over the summer to...
BUSINESS

Halfords profits edge higher as sales increase 1.5%

Digital Desk -
Profits at Halfords have nudged up as the retailer's turnaround continues under chief executive Jill McDonald. The car parts to bicycles firm said full year...
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