Banking news

The latest banking industry news. If you have a piece of news that you would like us to cover, please contact us.

RBC deploys Progress for FX Transaction Management

18 October 2010
Solution accelerator from Progress Software Corporation will support its foreign exchange dealing operations.

British banks doing a ‘sterling’ job

16 September 2010
Two thirds of expats believe that British banks are better than those available in their country of residence (62%).

Banknote printer boss quits over production glitches

12 August 2010
James Hussey, the chief executive of De La Rue, has resigned following the discovery of serious problems with its printing operations.

UK Bank chiefs get to grips with lending

9 August 2010
A taskforce designed to help get lending to British businesses back on track is to be formed by the heads of six UK banks.

RBS sells 318 branches to Santander

4 August 2010
Royal Bank of Scotland has agreed to sell 318 branches to Santander for a premium of £350m on the assets' value.

Lloyds Banking Group returns to profits

4 August 2010
Exceeding most analyst’s expectation, Lloyds Banking Group has reported a first half profit for 2010 of £1.6bn.

Profits up at Standard Chartered

4 August 2010
Standard Chartered has reported a 10% rise in first-half profit, helped by a reduction in its impairment provisions for bad loans.

Northern Rock returns to profit

3 August 2010
Troubled bank, Northern Rock – whose collapse sparked the UK banking crisis – has reported a return to the black for its mortgage division the first half of this year.

Chancellor ups the ante over bank lending

2 August 2010
UK Chancellor of the Exchequer, George Osborne has warned banks the government ‘will not tolerate’ the squeeze on business lending.

Goldman’s share price jumped nearly 4.3 percent

16 July 2010
Goldman's share price jumped nearly 4.3 percent on hopes that Mr. Blankfein and his bank had put one of the most embarrassing episodes in the bank’s recent history behind them.

US Senate passes tougher new financial reforms

16 July 2010
Final approval was given by United States Senators for the biggest overhaul of the country’s financial regulation in decades.

Bailey talks tough

14 July 2010
Andrew Bailey asserts himself in a key role in his next job as deputy chief executive of the new Prudential Regulation Authority (PRA).

“A new chapter” for Britain’s banks?

13 July 2010
UK Treasury minister, Mark Hoban, has called on banks to exercise restraint in paying bonuses when the public and private sectors are under pressure to cut labour costs.

G20 pulls back over punitive global bank levy

28 June 2010
Whilst leaders attending the G20 summit in Toronto have dropped the much-touted proposals for a global levy on banks.

UK to introduce new bank levy

22 June 2010
Delivering the newly-elected UK coalition government’s so-called ‘emergency budget’, Chancellor of the Exchequer, George Osborne, unveiled his plan for a bank levy.