Business: Banking & Insurance - Page 4

Santander loses £651m in profits for mis-selling PPI

The UK's third largest bank has had to earmark £731m for payouts after it mis-sold insurance policies to its customers.

S&P president resigns after US downgrade

Deven Sharma steps down from S&P following a "misguided" downgrade of the US credit rating.

1 comment

Panic stalks the Square Mile

In the tumultuous first week of August, the international markets woke up to the reality that extreme volatility is here to stay. How much worse can it get?

£175,000 pensions for top directors

FTSE 100 directors receiving pensions up to 29 times higher than rest of the workforce.

RBS shares plunge following heavy first-half loss

Concerned investors respond to the announcement of RBS' half-year figures.

Northern Rock losses reduced

Six-month figures reveal the PLC has improved on its 2010 performance.

Barclays profits down by a third

Half-year profits down 33 per cent from last year.

Lloyds Banking Group to cut 14 per cent of workforce

Move is part of a strategy to create annual savings of £1.5bn.

2 comments

Nick Clegg pushes for public shares in bailed-out banks

Preliminary-stage plans to give the public shares in bailed-out banks are being backed by Clegg and several other MPs.

2 comments

Barclays to begin compensation for PPI claims

The bank will automatically reimburse complaints filed before 20 April.

3 comments