Mis-selling swaps and the struggle for compensation
It’s been a year since the banking regulator said 1,000s of small businesses had been mis-sold interest rate swaps. Yet for one such business, the compensation battle continues.
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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Is next-generation biofuel plant in doubt?
The UK’s biggest biofuel plant, turning wheat into eco-friendly petrol, opens on Monday. But its future could be in doubt as it may not be as green as first thought and could even worsen world hunger.
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Shale gas report beefs up Osborne’s infrastructure plans
For all the talk about infrastructure spending, the numbers show it is actually falling. So no wonder the chancellor wants some good news – and the shale gas survey has delivered.
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Lights going out? Ofgem warns of energy drought
Energy watchdog Ofgem warns that the energy industry is facing an “unprecedented challenge”, and says our supplies are running dangerously low.
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RBS treatment ‘horrendous’, say couple
The treatment of Bernard Lockett at the hands of RBS has been described by Banking Commission researchers as amongst the worst they have heard. Watch the full interview with Siobhan Kennedy here.
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G8 summit: don’t bank on Britain’s territories revealing all on tax
David Cameron says he wants a deal on tax transparency at the G8 summit. But with London widely regarded as “the mother of all tax havens”, is he really serious?
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RBS: to split, or not to split?
Leaks from the banking commission’s report into the majority state-owned RBS show that a clear split is emerging – not with regard to RBS, but inside the commission itself.
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Regulator offers ‘feeble excuses’ for payday loan failures
The OFT’s excuse for its ‘ineffective’ crackdown on payday loans companies is pretty feeble. And what’s so alarming, is the speed at which industry grows up around the OFT’s tardiness.
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EDL supporters march through central London
Supporters of the far-right English Defence League march through central London, closely followed by anti-fascist protesters, after the murder of soldier Lee Rigby in Woolwich on Wednesday.
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Germany and the business of football
As Bayern Munich and Borussia Dortmund square up in London for the Champions League final, Channel 4 News looks at the similarity between German business effiency and their approach to football.
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Is Marks & Spencer missing a trick with online shopping?
Why is Marks & Spencer shunning online retail? Business Correspondent Siobhan Kennedy explores the growth of online, and if M&S is missing a trick.
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Google in the hot seat – but HMRC feeling the heat
Matt Brittin, Google’s boss in northern Europe, will be showing a humble face in front of MPs this morning. But it is the taxman who should face the toughest questions.
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Will other retailers follow Primark’s lead on Bangladesh?
For the first time since the devastating collapse of a nine-storey factory that killed over 1,120 garment workers on 24 April, Primark is able to peek its head above the parapet.
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Nuclear reactor plan on course
The new Energy Minister Michael Fallon has told Channel 4 News that the push to build new nuclear reactors is on course.
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UK credit rating downgraded
A second credit-rating agency has downgraded the UK’s prospects. Fitch followed Moody’s in removing Britain’s coveted triple A status. Our Business Correspondent, Siobhan Kennedy reports.
