RBS: the good, the bad and the ugly
The taxpayer was hit with yet more bad news today, and the prospect of us ever exiting the RBS bank and getting our money back looks as far away as ever.
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The taxpayer was hit with yet more bad news today, and the prospect of us ever exiting the RBS bank and getting our money back looks as far away as ever.
Paul Mason watches Royal Mail shares hit the market – and asks why, in an era of food banks and falling wages, the government is allowing the “better off” to cash in through privatisation.
Annual stress tests for banks are meant to ensure they remain financially secure, but tougher conditions could make it harder to get a loan, writes Economics Producer Neil MacDonald.
MPs were hoping to get clarity on Mark Carney’s “forward guidance” on interest rates today – but most were left scratching their heads.
Wonga boss Errol Damelin tells Channel 4 News his payday lending firm is benefiting from a “generational shift” away from credit cards and unauthorised overdrafts.
House prices are rising at their fastest since the 2006 peak, according to new figures. But is this good news for people trying to get onto the property ladder?
Outgoing Bank of England Governor Sir Mervyn King’s insistence that banks shore up their balance sheets met with widespread resistance – but Barclays is leading the way.
The Chinese government has a novel approach to financial problems: tell the media to downplay them so the markets are not spooked.
It’s the centrepiece of the government’s plans to get the economy going after three years of meagre growth.
The banking commission has savaged the way HBOS was run, but it is not the only bank that has struck terror into people’s hearts. Are these are the worst offenders? You decide.
Chancellor George Osborne unveils a new “help to buy” scheme to boost the housing industry, but lenders want assurances that it will not be uneconomical for them.
When George Osborne delivers his budget on Wednesday, the numbers will continue to be drenched in red, writes Faisal Islam, with “zombie economics” holding back lending, spending, and investment.
Even with some fiscal hocus pocus that gives the Treasury an extra £3.8bn, government borrowing in the year to date is still worse than this time last year. And that should worry the chancellor.
Siobhan Kennedy uncovers some numbers in the Barclays accounts which suggest that – on bonuses at least – the bank might not “get it” in the way its chief executive promises after all.
RBS is the third bank to be fined for attempting to fix the benchmark lending rate for financial institutions. What did these banks do and why does it matter?