United Kingdom

Iain Withers

RBS begins global hunt for CEO to replace McEwan

4:21pm BST

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.

RBS tops up small business support fund, downplays Brexit effect

23 Apr 2019

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 judge discharges jury in landmark Barclays Qatar case

08 Apr 2019

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.

British outsourcer Interserve taken over by its creditors

15 Mar 2019

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.

Inquiry into Lloyds' handling of HBOS fraud slips to 2020 - source

14 Mar 2019

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.

Co-op Bank losses edge up as it struggles with turnaround

28 Feb 2019

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.

UK banks strong enough to weather no-deal Brexit, says Moody's

27 Feb 2019

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.

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