Barclays paying $325 million to settle mortgage lawsuits
British bank Barclays Plc will pay $325 million to resolve claims that it sold faulty mortgage-backed securities to credit unions.
The U.S. National Credit Union...
Big Ben silent as £40 million repairs are carried out
London's iconic Big Ben will be silent for a while as much needed repairs, estimated to cost about £40 million are carried out, lawmakers...
Aviva employees sold customers’ personal details again
British multinational insurance giant, Aviva plc, has written to thousands of customers for the second time in two years, following concerns that employees sold...
Full EU wish-list coming in November, Cameron tells frustrated EU leaders
Despite lots of chest beating about the UK wanting a reformed European Union (EU) that he can then sell to his voters before a promised referendum,...
BoE rate hike less likely after poor US jobs performance
The Bank of England (BoE) is less likely to start raising interest rates in the near future after American employers dramatically reduced new hiring,...
Treasury scraps ‘reverse burden of proof’ rule for bankers
The UK government has suspended the 'reverse burden of proof' rule for senior managers at banks.
The rule, which many considered a bit excessive, would...
UK banks need £3.3 billion extra capital for ringfencing, BoE warns
The Bank of England warned on Thursday that new ringfencing laws in the UK, set to separate high street banking from riskier investment banking...
UK unemployment rose by 25,000 to 1.85 million
UK unemployment rose by 25,000 in the three months to June up to 1.85 million, according to data by the Office for National Statistics.
This...
UK inflation fell into negative territory in September
UK inflation fell into negative territory in September.
According to the latest official figures, as measured by the Consumer Prices Index, inflation in September dropped...
Worldpay went public on LSE, raised £2.5billion
Worldpay went public on the London Stock Exchange (LSE) this morning, raising around £2.5billion.
The company, which provides payment services for mail order and Internet retailers,...