Banking

RBS Cuts 1,400 Jobs, HSBC Considering Bigger Job Cuts

RBS Cuts 1,400 Jobs, HSBC Considering Bigger Job Cuts

Edinburgh-based Royal Bank of Scotland plans to axe over 1,400 jobs during its next round of layoffs. The troubled financial…

Government reveals scheme to fund lending

Government reveals scheme to fund lending

Government has revealed yet another plan to try to ignite the economy and have committed to providing £1 billion to…

Union inflamed by HSBC’s announcement to cut staff

Union inflamed by HSBC’s announcement to cut staff

Yet another bank is at the centre of controversy as it announces 3,167 employees are to be cut from the…

PPI claims still plaguing Barclays

PPI claims still plaguing Barclays

Just one day before their annual meeting with shareholders, it has been projected that one-fourth of the Barclay’s shareholders will…

UK banks misselling another financial product

UK banks misselling another financial product

In recent weeks The Telegraph has been investigating allegations that UK banks have been misselling financial products to SMEs in…

Fewer SMEs seeking loans for expansion

Fewer SMEs seeking loans for expansion

A recent survey of businesses with a staff numbering up to 250 employees has shown that UK firms are becoming…

Major banks to drop debit card fees on purchase of foreign currency

Major banks to drop debit card fees on purchase of foreign currency

After a months’ long investigation into the transaction fees UK banks have been charging debit card holders for purchasing foreign…

Chancellor backs Vickers’ report

Chancellor backs Vickers’ report

It has come as no surprise to financial experts that Chancellor George Osborne has given his backing to parts of…

Barclays basic bank accounts becoming inaccessible

Barclays basic bank accounts becoming inaccessible

The latest of banks to come under fire with changes being made to basic bank accounts is Barclays who has…

Banks being warned against bonuses this year

Banks being warned against bonuses this year

The Bank of England has advised banks to bolster their finances by limiting the amount of bonuses this year and…