Banks

It’s still the middle of the night in the UK as this story goes to press, but it’s a sure bet that HSBC (LSE:HSBA) execs are sleeping with one eye open tonight, if they are sleeping at all. Whilst analysts are expecting a strongly upscale 3rd quarter report at 08:15, it could be that no […]

As with the two other biggest banks in the UK, The Royal Bank of Scotland (LSE:RBS) has also set aside an enormous amount of money to cover for the infamous mis-sold payment protection insurance that has weighed heavy on the banks bottom lines since it was uncovered. RBS said today it has added some £400 […]

Lloyds Banking Group’s (LSE:LLOY) Chief Executive Officer, Antonio Horta – Osorio must have been inspired by the Halloween when he made his review for the bank’s July to September financial health and the nine months since January when he, unfortunately, disclosed “legacy issues” continue to affect the bank’s profit-making business. A further one billion pounds […]

It’s as if regulatory authorities in the United States cannot get enough of the British financial giant, Barclays plc (LSE:BARC), that after having fined the bank as much as £290 million for fixing the London Inter-Bank Offer Rates (LIBOR) and went to investigate major banks all over the world for the same, two new investigations […]

UBS (SIX:UBSN) proved this morning that the banking crisis is not over, announcing that it would be cutting another 10,000 jobs  worldwide by 2015.  Apparently the cuts are starting immediately. Although the company has denied the reports, it is alleged that some workers were unable to gain access to the bank with their electronic passes […]

As we approach the end of 2012, providing of course we get past 21 December when the Mayan calendar seems to indicate that the world will end, the replacement of the Financial Services Authority (FSA) by the Prudential Regulatory Authority (PRA) will take place.  There are some signs that the industry is nervous about the […]

The fact that Direct Line Insurance Group (LSE:DLG) shares are potentially favorable to buyers should not be downplayed. The technical reasons for this assumption are trotted out in this article. Even when there are brief corrections, the price would go as analyzed, as bears and bulls continue their normal activities. Technical Forecast Based on the […]

No, this is not an attack on the British banking system.  God knows, it probably couldn’t survive another attack.  It is however, about the continuing fallout from the banking crisis, incompetency at management levels, and skulduggery in executive offices.  It is not a rehash of all the things we already know.  It is a reminder […]

UK’s public money-backed Royal Bank of Scotland (LSE:RBS) is to exit the British Government’s version of an insurance program specifically for financial institutions, three years after the bank agreed to be protected against future credit losses during the wake of the financial crisis. RBS, the only British bank that sought this protection after Lloyds Banking […]

Hours after trading closed in London on Friday last week, The Royal Bank of Scotland (LSE:RBS) announced Santander UK plc decided to pull out of its agreement to acquired RBS branches in England and Wales and NatWest branches in Scotland, putting serious pressure on the British bank to find an alternative solution to comply with […]