LONDON Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight grip on the market.
LONDON Lloyds Banking Group has been heavily criticized for mishandling a compensation scheme for victims of one of Britain's biggest banking scandals in a report published on Tuesday.
Dec 4 Metro Bank chief executive Craig
Donaldson is leaving after a torrid year in which the British
lender was engulfed in a damaging accounting scandal that has
also cost it its chairman and wiped 90% off its market value.
LONDON Royal Bank of Scotland has launched its standalone digital bank Bó in a plan to fend off competition from fast-growing online start-ups including Monzo and Starling. | Video
LONDON An IT crash at Britain's TSB bank that locked out nearly 2 million customers and halved parent Sabadell's profits last year was caused by moving to a new banking platform before it had been properly tested, an investigation has found.
LONDON British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.
LONDON Standard Chartered joined some of its British rivals in cutting its chief executive's pension allowance on Friday after protests from shareholders, putting pressure on other banks such as Lloyds to follow suit.
LONDON Lloyds Banking Group came close to suffering a shock third-quarter pretax loss on Thursday after an increase in bad loans and a fresh 1.8 billion pounds provision for mis-sold loan insurance payouts.
LONDON Britain's Barclays said a worsening global economic outlook means it may be hard to meet its profit targets, despite reporting better-than-expected results at its under-pressure investment bank in the third quarter. | Video