April 2013 Archive
Shares in Lloyds fall despite higher Q1 profitsLloyds Banking Group made £2bn in the first three months of 2013 raising the prospect that the government could sell its stake in the bank before the next election. |
Commerzbank loses appeal over £44m banker bonus paymentsCommerzbank has lost its appeal over having to pay 104 bankers a total of £44 million at a Court of Appeal hearing in London. |
Investors mixed views over future price of goldA survey by Barclays Stockbrokers reveals that its clients are mixed over whether gold will regain the value lost over the past month. |
MPs say "big four" abuse position to help rich pay less taxThe Public Accounts Committee has called for an end to the "big four" accountancy firms working for government claiming that they use inside information to help clients avoid tax. |
Barclays profit slump tempered by investment bank performanceBarclays has seen profits drop by 25 per cent in the first quarter of 2013, down to £1.8 billion as it incurs extra restructuring costs as it tries to change its culture. |
Osborne launches legal challenge against EU over Tobin taxGeorge Osborne confirmed that the UK is planning to launch a legal challenge against the European Union over its proposed financial transaction tax. |
Barclays draws line under the past as Rich Ricci retiresThe head of Barclays investment banking division, Rich Ricci has retired just weeks after cashing in £17.5 million of shares awarded to him as a bonus for 2009 to 2011. |
UK's top regulator Bailey asks why no bank bosses convicted?Andrew Bailey, the man in charge of the new financial watchdog, the Prudential Regulatory Authority has asked why no senior bankers have faced convictions for their role in causing the financial crisis. |
Business confidence improves to highest level for five yearsA new survey of finance directors by accountants Deloitte shows that business confidence is improving and firms increasingly believe now is a good time to borrow and invest. |
Former HBOS directors slammed for rewards for failureSeven former directors of HBOS have been criticised after it emerged they received special payments after the bank went bust and had to be bailed out by the taxpayer. |
OECD says UK will return to normal growth of 2% this yearThe Organisation for Economic Co-operation and Development (OECD) expects the UK to recover and reach its long term growth rate of two per cent later this year. |
Industrial output up raising hopes UK will avoid recessionThere were mixed signals for the UK economy today as the trade deficit widened but industrial output grew in February. |
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