Search Results for 'UK'

National Australia Bank to review UK operatio

SYDNEY, Feb 7 (Reuters) - National Australia Bank , the country's top lender, opened the door for the sale of its underperforming UK operation worth about $4.5 billion after a rise in bad debt charges and sluggish growth. NAB said [...]

Posted On : Feb, 07 2012 | Comments : 0

HSBC warns banking reforms could prompt more UK job cuts

HSBC has announced plans to cut 30,000 jobs, or 10 per cent of its global workforce, over the next three years and warned that redundancies could be even higher if the UK adopted a hardline approach to banking reform. Unveiling a 3-per [...]

Posted On : Aug, 02 2011 | Comments : 0

UK banking sector falling behind rivals in downturn

cWhile profits elsewhere in the global banking industry have bounced back close to pre- crisis levels, those at UK-listed institutions are still 58% below their 2007 peak, according to the Top 1000 World Banks ranking published by The Ban [...]

Posted On : Jun, 30 2011 | Comments : 0

HSBC delays decision on HQ relocation until UK banking rules...

The bank has privately warned that the ring-fencing approach favoured by the Commission, which would separate UK retail deposits and loans from the corporate book, could jeopardise its lending to UK companies. Senior executives at th [...]

Posted On : May, 09 2011 | Comments : 0

Metro Bank Opens Its Door In Bid To Change Face Of UK Bankin...

Metro Bank PLC, the brainchild of U.S. entrepreneur Vernon Hill, opened its first branch Thursday in a bid to become a major player in the U.K., but banking experts said its success will depend on how much emphasis customers will put on [...]

Posted On : Jul, 29 2010 | Comments : 0

UK proposes tough new banking laws

The British government on Thursday published proposals for tough new banking laws that would give the country's main financial watchdog the power to claw back bonuses that breach internationally agreed rules.The proposals also widen the rem [...]

Posted On : Nov, 20 2009 | Comments : 0

HSBC to axe 1700 jobs in new blow to UK banking

HSBC today told its UK staff that 1,700 jobs are to be cut across the country, with the axe expected to fall most heavily on back-office and staff who manage its branch network. Today's cuts come after plans by the Royal Bank of Scotland (R [...]

Posted On : Nov, 04 2009 | Comments : 0

UK Faced 'Bank Runs, Riots' as RBS and HBOS Neared Collapse

A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said. Bank failures would have forced the go [...]