Consultancy firm warns that 2013 could hit retail hard
The consultancy firm Begbies Traynor, an expert in corporate finance, has revealed that over 140 retail firms could go bankrupt…
GDP Growth Stays at 1 Percent
Despite fears that the UK’s GDP would drop below 1% in the revision by the Office for National Statistics today,…
Bank of England Almost Certain Not to Cut Interest Rates
Despite repeated speculation from numerous sources, the minutes from the Bank of England’s last meeting of the Monetary Policy Committee…
Northern Rock sale could leave taxpayers £2billion out of pocket
Right at the beginning of the financial crisis, the government used billions of pounds to stop banks going bust, pouring…
Emails Reveal Barclays Traders Attitude to Rate Rigging
A series of emails have been published by the US banking regulator that demonstrate the attitudes to serious offences that…
Santander Set Aside £232 million for mystery compensation
The Spanish-based bank Santander have set aside £232 million for what they are calling “historic customer contact issues”, though they…
Lloyds Chickens Out on Cutting Bonuses
After all the anger there has been over the huge bonuses bankers get in the last few years, it seemed…
Bank of Scotland Pays FSA Fine For Poor Mortgage Record Keeping
The Bank of Scotland has been fined £4.2million by the Financial Services Authority (FSA) after failing to keep an accurate…
Barclays Buyout of ING Increases Big Five’s Dominance
Ever since the financial crisis began rocking the world in 2008, there have been repeated calls to reduce the power…
Lloyds TSB Staff Incentive Scheme Released
As if the public were not already sceptical enough of the banks, believing them to be motivated more by greed…