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The Government has outlined the Project Merlin deal on bonuses and lending for the UK’s biggest banks. But will it work? Businesses and economists tell Channel 4 News they are unsure.
How much will the Royal Wedding cost? According to the Department for Business, Innovation and Skills, the bank holiday on that day will cost the economy a similar amount to the Queen’s Diamond Jubilee bank holiday in 2012, amounting to £2.9bn.
Jon Snow
A financier whom I know calls me over the weekend about the Irish financial crisis. “Jon”, he says, “I trust you know that 80 per cent of the Irish banking crisis was caused by a handful of property developers taking massive punts on the housing and construction market?”
More than a million customers have complained to their bank or building society this year, a rise of 5 per cent on 2009. Channel 4 News samples the most common complaints.
Jon Snow
What do the banks know that we don’t? The Spanish bank Santander is on an aggressive recruitment drive – looking to fill up to 6,000 jobs. Even the banks you and I own, Royal Bank of Scotland and Lloyds are hiring people whilst continuing to get rid of backroom staff. How can you have a…
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
Royal Bank of Scotland reports a £3.5bn loss for 2014 – down from £9bn a year earlier – and announces the appointment of Sir Howard Davies as its new chairman.
Royal Bank of Scotland and NatWest are fined £14.5m after the City regulator finds “serious failings” in its advice to mortgage customers.
Taxpayer-backed Royal Bank of Scotland could make losses of £8bn as it prepares to increase its compensation pot to £3.1bn to cover the cost of litigation and customer claims.
Royal Bank of Scotland promises to “put right” the fact that many of its customers were left “out of pocket” by a computer glitch on Monday.
A glitch which left Royal Bank of Scotland customers unable to pay on one of the busiest shopping days of the year took place after the bank was warned it could be punished for computer failures.
The Royal Bank of Scotland has been fined for inaccurately reporting hundreds of thousands of transactions made in the wholesale market.
Royal Bank of Scotland is expected to announce 2,000 job losses in the wake of boss Stephen Hester’s plans to stand down after five years at the helm.
Royal Bank of Scotland pays more than £600m in bonuses to its staff, despite a “chastening” year in which it made pre-tax losses of £5.2bn.
Royal Bank of Scotland is fined almost £400m for its role in the Libor rate-fixing scandal, the third bank forced to pay a penalty by regulators in Britain and the US.