Deutsche Bank scandal: Courts still chasing billions through tax scams and carbon credits May 7, 2019 Major banks enabled fraudsters to steal billions of pounds of public money through VAT scams, according to documents obtained by the Bureau of Investigative Journalism. A decade later, tax authorities are still chasing the money through the courts. Traders in London facilitated the so-called “carousel” fraud by organised crime gangs in 2009, which involved the trading [...]
Barclays takes on HSBC as it opens up mobile app to rival bank accounts September 12, 2018 Barclays is taking on HSBC as it opens up its app to rival banks accounts, it announced today. The high street bank will be the first to let customers bring current accounts from other providers into its mobile banking platform using Open Banking technology. The ability to aggregate accounts is already offered by HSBC's Connected Money, which uses so-called screen-scraping to access accounts at competitor [...]
Restaurants may be reopening but delivery kits are here to stay April 9, 2021 It’s just days until we’re allowed to sit outside and eat a socially distanced meal with people from one other household – a concept that’s far more appealing than that sentence might suggest. But that doesn’t mean the home delivery restaurant-in-a-box revolution is over. With top chefs and restaurants from across the culinary spectrum now [...]
Coronavirus: There are opportunities for wily – and brave – investors May 4, 2020 Britain’s investors could be forgiven for feeling desperate in the current crisis. They have faced a triple whammy from world markets, governments and companies. Not only have they seen the value of their portfolios fall by up to 20%, but with company after company cancelling dividends, their income has fallen by half. Heavyweights such as [...]
RBS set to reveal third quarter dividend policy after making first payment following financial crisis October 21, 2018 Investors in the Royal Bank of Scotland will be eager find out whether the bank will announce another dividend this week, as UK lenders reveal their third quarter results. The bank, which last year returned to profit for the first time since the 2008 financial crisis, recently paid its first dividend in 10 years. Read [...]
RBS, Natwest and Ulster outages: Digital banking comes back online September 21, 2018 Royal Bank of Scotland (RBS), Ulster Bank and Natwest's online banking services were down for around three hours this morning, leaving millions of users without digital access to their accounts. Natwest’s mobile app couldn't establish a connection, and referred users to an online status page, which failed to open, a problem shared by Ulster and [...]
RBS, Natwest and Ulster outages: Digital banking comes back online September 21, 2018 Royal Bank of Scotland (RBS), Ulster Bank and Natwest's online banking services were down for around three hours this morning, leaving millions of users without digital access to their accounts. Natwest’s mobile app couldn't establish a connection, and referred users to an online status page, which failed to open, a problem shared by Ulster and [...]
Aston Martin set to hire experienced businesswoman Penny Hughes to lead £5bn float September 8, 2018 Former Coca-Cola executive and RBS director Penny Hughes has been lined up by Aston Martin to lead its £5bn float on the London Stock Exchange. Hughes, who has also been a director at Vodafone, Wm Morrison and Reuters Group, will become the first female chair of a British car maker, according to Sky News. The [...]
RBS: No-deal Brexit could send UK economy reeling October 4, 2018 Royal Bank of Scotland (RBS) boss Ross McEwan has warned that a no-deal Brexit could push the UK into another recession. Economic growth could fall flat or even turn negative if the UK leaves the EU without a deal, he told the BBC. Read more: 'End Brexit psychodrama' – Chamber of Commerce chief pleads with [...]
Ranked: The banks that have closed the most branches since 2015 – and which regions have been hardest hit June 15, 2018 New analysis has revealed which of banks have shut the most branches since 2015, with NatWest, HSBC and Lloyds Bank reporting the highest number of closures. Some 2,868 UK retail branches will have shut up shop by the end of this year, with 879 bank closures during last year, according to Which? Money research. That [...]