KVM kit that exposed Barclays vulnerability
The raid on Barclays is shocking on two levels: the physical breach of security, and the technology flaws that led to the theft of £1.3m. Barclays now faces serious questions on both fronts.
A “significant” number of jobs will be lost as the Co-operative group hands 70 per cent control of its banking arm to a group of investors.
RBS CEO Ross McEwan tells Siobhan Kennedy his bank has shown over the last five years an “absolute ability” to shed its toxic loans and sell them to other people. “That’s a skill we have,” he says.
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.
Barclays is cooperating with regulators reviewing alleged manipulation of currency rates as it reports profits from its investment banking arm fell by half in the third quarter.
Archbishop of Canterbury Justin Welby tells Channel 4 News banks remain “too big to fail”, Prince George could become a Buddhist if he wanted, and the Daily Mail was “out of order” on Ralph Miliband.
China’s banks will be able to set up branches in Britain under an agreement reached by Chancellor George Osborne during a visit to Beijing.
Britain’s state-backed banks are braced for a flood of interest in the help to buy scheme. But MPs warn the Bank of England should have more powers to intervene.
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.
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.
As part of a series on the housing crisis, Channel 4 News looks at the two issues facing politicians seeking to tackle a broken market: availability and affordability.
The raid on Barclays is shocking on two levels: the physical breach of security, and the technology flaws that led to the theft of £1.3m. Barclays now faces serious questions on both fronts.
Chancellor George Osborne rejects claims that government policy is leading to a housing market bubble.
George Osborne’s headline figure is that the Lloyds share sale has “raised” £3.2bn. But how much of that is profit and has he factored in borrowing costs? FactCheck digs out its calculator.
George Osborne denies that the government’s sale of 6 per cent of its shares in Lloyds has actually led to a loss for the British taxpayer.
Channel 4 News Business Correspondent Siobhan Kennedy challenges Chancellor George Osborne on his claim that the taxpayer made a profit from the sale of Lloyds shares.