LONDON/EDINBURGH Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.
LONDON British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to 6 billion pounds ($7.8 billion), but says the extra cash is no longer primarily for Brexit-proofing businesses.
LONDON A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.
LONDON Interserve, one of the British government's biggest contractors, was placed in administration late on Friday and immediately taken over by its lenders only hours after shareholders rejected a rescue plan for the debt-laden company.
LONDON A long-awaited probe into what Lloyds Banking Group executives knew about one of Britain's worst ever banking frauds is now not likely to be completed until next year, a source with knowledge of the review said.
LONDON Britain's Co-operative Bank edged deeper into the red in 2018 due to tough market conditions, higher payouts for past mis-selling of insurance and the rising cost of a major IT project.
LONDON Britain's banks would be resilient to a chaotic Brexit, even if this leads to a spike in bad loans that hits their profits, credit rating agency Moody's said.