Wonganomics: the role of student debt and housing costs
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.
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Prime Minister David Cameron ducks Labour demands for the government to veto individual bonuses paid to RBS bankers.
For the first time ever, more women than men have been honoured in the Queen’s New Year’s Honours list. Awardees include actress Penelope Keith, cleaners and an NHS whistleblower.
Taxpayer-backed Lloyds Banking Group is fined a record £28m after the City regulator uncovered failings in its bonus schemes that put pressure on sales staff to hit targets or risk being demoted.
Eight banks, including RBS, are fined a record 1.7bn euros for colluding to rig interest rates, but Barclays escapes punishment after blowing the whistle on the practice.
Exclusive: Bank of England Governor Mark Carney tells Channel 4 News he will not be a “cheerleader” for the City and intends to “root out corruption” in the financial markets.
Royal Bank of Scotland is to create an internal “bad bank” with £38bn of problem assets. In another development, RBS and Barclays have suspended several foreign exchange traders.
With private rents reaching a new high, a charity warns that families are being left trapped in the unstable and expensive rental market.
Average house prices in the UK in August reached a new high, according to the Office for National Statistics (ONS). But will a thriving market push properties even further out of some people’s reach?
UK broker Icap is fined £54m by British and US regulators for its part in the long-running Libor rate-fixing scandal, with three of its traders charged with wire fraud by a New York court.
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.
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 new Governor was in his element at the early unveiling of the concept for the Jane Austen £10 note. I quoted back the Austenism to be used on the note at Governor Carney: “I declare after all there’s no enjoyment like reading!”, asking if it applied to the MPC minutes, “for a very sad group of people that is true,” he told me.
The Royal Bank of Scotland has been fined for inaccurately reporting hundreds of thousands of transactions made in the wholesale market.
Chancellor George Osborne meets housebuilders and mortgage lenders to discuss the second phase of the government’s scheme to increase home ownership.
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.