Clydesdale Bank  has been fined £20.7 million by the Financial Conduct Authority in a record penalty relating to the bank’s “serious failings” in handling payment protection insurance (PPI) complaints.

Britain’s financial regulator has fined Clydesdale Bank a record £20.7 million for failings in how it handled insurance mis-selling claims, including (...)

 Stephen White, AIB’S group chief operating officer

Cantillon loves technology so it was interesting to get a tour this week from AIB’s chief operating officer Stephen White of its impressive Lab (it st(...)

A European Union flag, left, flies alongside a Greek national flag beneath the Parthenon temple on Acropolis Hill in Athens, Greece. Photographer: Yorgos Karahalis/Bloomberg

European stocks reversed early losses on Tuesday and yields on lower-rated euro zone bonds fell as investors reassessed the collapse of Greek debt tal(...)

Enda Kenny declined to say if the Government would now relax the wage cap. Photograph: Bloomberg

Taoiseach Enda Kenny said Government-imposed banker pay caps are a “constraint,” as the chief executive of state-owned AIB prepares to leave for a (...)

Only last June David Duffy had signed a permanent contract with AIB, having originally signed up in December 2011 on a fixed-term contract for three years

Last Friday evening, the directors of AIB were asked to dial into a conference call for word of an important announcement that the bank was going to m(...)

David Duffy joined AIB in December 2011 on a salary of €500,000, in line with the Government’s cap. He later volunteered a 15 per cent pay cut. Photograph: Aidan Crawley/Bloomberg

Clydesdale Bank’s announcement on January 6th that its chief executive David Thorburn was to stand down after four years in the role caused barely a r(...)

AIB CEO David Duffy speaking at AIB Bankcentre Ballsbridge in 2013. Photograph: David Sleator/The Irish Times

David Duffy’s decision to depart from the top job at AIB comes at an awkward time for the bank and for Minister for Finance, Michael Noonan. Just a we(...)

The government imposed a salary cap of €500,000 at state owned AIB.

Outgoing AIB CEO David Duffy will likely see his salary increase significantly following his departure from the state-owned bank.Subject to the govern(...)

Plant manager Konstantin Rubin looks at rail tankers with base oil at Royal Dutch Shell’s lubricants blending plant in the town of Torzhok, north-west of Tver, Russia. Photograph: Sergei Karpukhin/Reuters

Brent crude held above $72 a barrel after hitting a new four year low earlier in the day after Opec decided not to cut oil output to support prices. (...)

Lloyds, which also owns Bank of Scotland, could set out its HQ plans in a strategic review due to be announced late next month or early November

Scotland-based Lloyds Banking Group left the door open for a move to London amid uncertainty over the future shape of the United Kingdom despite Scott(...)