RBS: what now for the troubled bank?
Many would see today’s headlines and sigh. RBS forced to put aside another £400 million in compensation for past bad behaviour.
Siobhan Kennedy , Washington Correspondent
Siobhan Kennedy is the Washington Correspondent for Channel 4 News, based in DC.
Siobhan joined Channel 4 News in 2008 where, as Business Editor, she covered the financial crisis, austerity and its impact on the British economy and more recently, Brexit.
Before that, as a reporter for The Times, she worked as Politics and Business Correspondent and prior to that was a correspondent for Reuters in London and New York, where she covered the tech boom and bust and 9/11. She returns to the US just in time for the 2020 election campaign.
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RBS costly apology to small business customers
RBS has made a public apology and offered up to 400 million pounds in compensation over the way it treated many of its small business customers.
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Hard Brexit? Soft Brexit? No, it’s the Right Brexit stupid!
Sterling touched another new low today as investors continue to believe that a Hard Brexit is now inevitable and that it will bring pain for the British economy or British businesses.
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A ‘benign’ Brexit forecast from the IMF?
Given the grim protestations of the IMF prior to Brexit some might be surprised to see the forecaster’s view on the UK economy post the referendum.
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ARM: UK chip designer to be bought by Japan’s Softbank
Had this takeover of ARM happened in normal times, it’s not clear the now Prime Minister’s response would have been quite so welcoming.
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Brexit: memories of the great financial crash
It felt like a Lehman moment. A referendum result spiralling out of control.
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Supermarkets launch investigations over migrant exploitation
They pack 1 in 4 apples you buy in Britain’s top supermarkets. But who are the people doing the work? Channel 4 News has been undercover at Britain’s largest growing, packing and storage operation.
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Google: is it at risk of going against its own ‘don’t be evil’ mantra?
Does bigger always equal better? Or should we beware a Google with ever sprawling tentacles?
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Was the Governor flip-flopping on interest rates?
Mark Carney is saying that in order to stop inflation overshooting the target, we might have to start raising rates more quickly or more steeply than yesterday’s report would imply.
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MPC split 8-1 – but interest rates kept on hold at 0.5 per cent
At least one member of the Bank of England’s monetary policy committee voted for an increase in interest rates in the August meeting, the minutes of the meeting reveal today.
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RBS share sale good for Osborne – but don’t the public get a say?
You could argue that it’s us the taxpayer – the people who bailed out RBS in the first place – that should have been given first dibs to buy the shares.
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Heathrow third runway: business says ‘pick up the shovel’
It’s taken a three-year investigation but today the Airports Commission announced what many had expected – that a third runway at Heathrow is the preferred option to expand the UK’s airport capacity.
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Tesco sales – signs of things starting to turn around?
It says something about Tesco’s predicament that its shares have risen this morning because first quarter sales were bad, but not as bad as they could have been.
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BT Tower: back to the 60s
As the BT Tower restaurant reopens for the first time in 35 years, the company’s chief executive Gavin Patterson says falling out of the EU would be bad for his business and Britain.
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RBS sell-off, time to move on?
So George Osborne could sit there and continue to take the flak every time something goes wrong…
