Royal Bank of Scotland will release £800 million from provisions it had set aside to cover losses on bad loans.» Read More
Professionals working in the City of London mull changing employers this year, with more than half saying they definitely intend to find a new employer this year, according to a recent survey, while another survey showed finance professionals among the top earners.
If the monetary policy committee of the Bank of England were paid a performance bonus, its members would deserve nothing. The UK’s inflation outcome has been far from target over a long period. So should the MPC raise rates now to make up for its past failures? No. But its position is becoming very uncomfortable, according to the FT.
The FT reports future bonus and dividend payments by UK banks will depend upon convincing regulators the handouts will not dent capital reserves or undermine sound risk management, according to the head of the city watchdog.
UK inflation hit a two and a half-year high Tuesday and experts are saying it is only a matter of time before it goes even higher.
The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.
Rates can only go up when we believe the consumer can deal with them and that means when some of the pressures have started to ease.
Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.
Glencore closed its books a day early, suggesting strong demand for its upcoming $11 billion IPO. But there has also been much concern about whether the dual listing will do well given the recent volatility in commodities markets.
UK Chancellor George Osborne told CNBC on Tuesday that Britain is an example to countries like Greece on austerity.
Mervyn King, the Governor of the Bank of England, made it clear to the market on Wednesday that UK rates would have to rise at some point.
The Bank of England raised its medium-term inflation forecast to just under 2 percent in its May inflation report, potentially paving the way for a November rate rise.
Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.
A referendum on voting reform and local elections looks set to test the UK’s ruling coalition as analysts predict that the Liberal Democrats will be punished at the ballot box.
Can't get enough royal wedding news? There's a wedding website to get all the nuptial details, with David Liu, The Knot chairman/CEO.
Shops have been filled with Union flags and all sorts of memorabilia ahead of the royal wedding, but the British may not be buying as much as retailers hope.
Prince William and Kate Middleton’s wedding is about to showcase a Royal Britain to billions of TV viewers around the world. But the real truth behind Windsor Money is as surprising as any fairytale.
CNBC's Simon Hobbs has more on what the royals are worth.
The bank could face a shareholder revolt over executive pay later Wednesday; it was warned it will be under scrutiny "for the foreseeable future".
Having just spent a week in the US I can confirm Americans and the British share an awful lot in common.
White schoolchildren in Britain’s poorest communities lag behind peers who are black or of Pakistani or Bangladeshi origin, a Financial Times analysis of more than 3 million sets of exam results reveals.