August 13 is pencilled in as the date for his departure as chairman of the Office for Budget Responsibility. Continue Reading…
August 13 is pencilled in as the date for his departure as chairman of the Office for Budget Responsibility. Continue Reading…
Abu Dhabi Commercial Bank says it has agreed to buy the Royal Bank of Scotland’s retail banking business in the United Arab Emirates. Continue Reading…
The head of the City watchdog said bankers had failed to take responsibility for the financial meltdown as he made a new call for reform in the industry. Continue Reading…
Unions reacted with fury yesterday after Lloyds Banking Group (LBG) announced another round of job cuts. Continue Reading…
As speculation mounts about who will succeed Ken Lewis as chief executive at Bank of America Corp., some are wondering what role Uncle Sam will play in that decision. Continue Reading…
UBS is expected to announce that it will write down at least $2 billion in illiquid assets and cut another 8,000 jobs in the next few days, Swiss newspaper Sonntag reported Sunday, according to Reuters. Continue Reading…
President Barack Obama will seek support on Friday from executives of the nation’s largest banks for his plan to stabilise the financial system and try to get beyond the furor over bailouts and bonuses. Continue Reading…
U.S. bank regulators closed small banks in Utah, Florida and Maryland on Friday, bringing the total of U.S. bank failures this year to six. Continue Reading…