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Royal Bank of Scotland is looking to appoint its former head of retail banking, Ross McEwan, as the new chief executive to replace Stephen Hester.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
UBS will pay $885 million in a settlement with a U.S. regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble.
There are two classes of London bankers. Both, ostensibly do the same job. But, their pay structures are quite different.
The Royal Bank of Scotland (RBS), has launched a major inquiry into the way it lends money to small- and medium-sized businesses.
The universal banking model is under attack by regulators. Some new rules could potentially force Deutsche Bank to separate its investment banking activities from the business of taking consumer deposits and writing loans, the NYT reports.
The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.
George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.
Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back.
European shares pared losses to close marginally lower on Thursday, after upbeat economic reports from the U.S.
Following Stephen Hester's shock departure from the RBS, bookmaker Ladbrokes has published odds on who could be the part-nationalized bank's new chief executive.
Stephen Hester's departure as the CEO of U.K.-taxpayer owned Royal Bank of Scotland surprised London's financial sector.
European shares closed slightly lower on Monday, dragged down by miners following warnings from analysts that Chinese growth would slow further after weaker than expected trade data.
John McFall, who described bank bosses as being "asleep at the wheel", has warned that proposals for the break-up of Royal Bank of Scotland could be swept aside by the chancellor.
Cramer sees a catalyst that could drive this bank stock considerably higher over the next 12-18 months.
Take a look at some of Friday's midday movers:
One of Britain's smaller banks, championed by lawmakers as an alternative to institutions like Barclays and Royal Bank of Scotland, is floundering. The New York Times reports.
Investors cheered HSBC first quarter results on Tuesday, but analysts said the bank's profit-beat was misleading, and recommended RBS and Lloyds shares.
U.K.-government owned Royal Bank of Scotland said it wanted to start writing the sale prospectus for investors in mid-2014 or earlier.