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Royal Bank of Scotland (RBS) revealed pre-tax loss of £691m for the first six months of 2008. This is the second biggest loss in UK banking history.
RBS said it was hit by £5.9bn of write-downs because the credit crisis cut ...
John Varley, chief executive, said of Barclays 33% drop in profits, that they are 2acutely disappointing". The profits slumped to £3.8 billion, Mr Varley also aplogised for the collapse in the banks share price.
Mr Varley said "Although I take some ...
The Bank of England is widely expected to keep interest rates set at 5%. Experts have said this will be one of the most difficult decisions the Banks Monetary Policy Committee (MPC) has had to make in recent times.
The MPC ...
McDonalds, the world's largest fast food chain, has launched a recruitment drive to create 4,000 jobs in the UK. They say this is due to increasing demand for their food.
McDonalds said it needs to increase its workforce because they are ...
Barclays have agreed the sale of their life assurance arm to Swiss Re for £753 million.
Around 760,000 life insurance, pension policies and annuity contracts will be acquired by Swiss Re, in a bid to boost its Admin Re business in ...
British people have an average 5% less money in their current accounts than a year ago, HSBC has revealed. This is one of the more graphic illustrations of how many in the UK are feeling the pinch of the credit ...
Northern Rock is due to announce losses of £585.4 million for the first half of the year. The number of customers falling behind with mortgage payments rose sharply.
The lender said their bad debts provision stood at £351.8 million as 1.18% ...
Carphone Warehouse has revealed a slow growth in the broadband market after they halved its target for new broadband customers this year.
The group forecast in April that it would get 400,000 new customers by next March. However, they have cut ...
The biggest loss in British banking history will be posted by the Royal Bank of Scotland this week. RBS will reveal a £1.3bn loss for six months to June. This compares to a £5bn profit last year. The bank is ...
The housing market has fallen more than 10% year on year, the Halifax will announce this week. This is a more dramatic collapse in the housing sector in its recording history.
Britain didn't even face double digit annual falls in house ...
