News Source: Independent
| about 1 month ago
Foreign banks will not be prevented from snapping up parts of the UK's part-nationalised lenders when they are sold off to boost competition in the UK market, MPs have been told...The comments come in the wake of the announcement that the pair will...
News Source: The independent
| about 1 month ago
Royal Bank of Scotland boss Stephen Hester yesterday insisted staff would enjoy "a significantly improved position" in terms of bonuses compared to last year, as headhunters reported a deluge of calls. Mr Hester wrote to staff after being banned...
News Source: The Scotsman
| about 1 month ago
THE body holding the UK's stakes in bailed-out lenders Royal Bank of Scotland and Lloyds said it was "walking a tightrope" in attempting to limit bonus payouts while trying to stop talented staff leaving...Treasury select committee: "The public are...
News Source: Times Online
| about 1 month ago
Britain’s state-controlled banks, said that the process to carve up Northern Rock before a private sale would leave about 85 per cent of mortgage borrowers trapped within a business that was being run down. His comments will come as a blow to the...
News Source: Guardian Unlimited
| about 1 month ago
Any bonus awarded to Royal Bank of Scotland chief executive Stephen Hester will be linked to the Edinburgh-based bank hitting the lending commitments that the Treasury has demanded, it emerged today. UK Financial Investments, the body that controls...