Royal Bank of Scotland fails UK’s toughest ever stress test

British banks in general capitalised for ‘severe stress scenario’, says Bank of England

Central Bank seeking experienced UK regulators

Authorities looking to hire ahead of anticipated influx of financial services firms

Bank of Ireland’s UK division to cap mortgages at £500,000

British division achieved pretax profit of €224m last year, up from €199m

Andrew Bailey to head Financial Conduct Authority

Bailey will take over from acting CEO Tracey McDermott for a five-year term

Bank of England may force banks to set aside capital by March

Central bank wants to increase the countercyclical-capital buffer to 1%

Careless lending at HBOS Irish division led to highest losses

Report notes the Irish banking market relied on informal connections

Bank of Scotland Ireland’s ‘uncontrolled’ growth slated

Parent HBOS opened three branches a month from 2006, reported £10.9bn loss in 2008

HBOS report urges reopening investigation into failed bank

‘Public interest’ in considering collapse again, authors say

Standard Chartered posts quarterly loss, to raise $5.1bn

Shares down 6% as bank also announces plan to cut 15,000 jobs by 2018

From disused rail carriage to City darling - the life of Tony Pidgley

London Briefing: Pidgley’s life story reads like a feel-good film script, but is the latest bonus scheme going too far?

Co-op Bank escapes punishing fine for past failings

FCA says capital should be preserved to bolster the Co-op’s balance sheet

UK regulators give green light to Sabadell takeover of TSB

Approval granted for £1.7bn acquisition of British bank

UK banking executives could have bonuses clawed back

New proposals come after criticism over pay rises in sector

Could high-frequency traders cause another flash crash?

Market prices increasingly driven by computer algorithms, research indicates

RBS and Lloyds barely pass Bank of England stress tests

Two lenders ‘remain susceptible to a severe economic downturn,’ says BOE

RBS fined £56m over IT system crash meltdown

Incident had already cost the bank £175 million in compensation for customers

RBS braces for IT meltdown fines over blocked accounts

A €3.5m fine was imposed last week on Ulster Bank by Central Bank over same failures

Lloyds Bank announces plans to cut 9,000 jobs

Bank to close 150 branches and cut £1billion in costs by 2017

Loophole used by banks to hide property losses to be closed

New accounting rules will force lenders to make provision for souring loans earlier

London briefing: RBS under fire over asset-stripping claims

Bank of England chief says allegations ‘deeply troubling and extremely serious’

RBS faces inquiry over treatment of clients

Bank alleged to have ‘forced vibrant businesses into financial trouble’

Barclays prepares to step up asset reduction target as it reports 26% fall in profit

Barclays this month raised £5.8 billion in a rights offering after the bank in June was found to be one of two British lenders to miss stricter capital rules

Moody’s raises outlook on UK banking system to stable

Agency cites improving profitability and lower impairments after lenders up capital ratios

Lloyds hires Elderfield as compliance director

Financial Regulator and Central Bank deputy governor to assume new role in London this October

HBOS report says bank would have collapsed even without crisis

Defence of Irish business suggested ‘almost wilful blindness’ to weaknesses of directors’ strategy

Bank of England gets beefed-up powers – and a host of new acronyms

New regulatory regime signals the end of ‘light touch’ after FSA’s failures

YOU MAY ALSO LIKE...
The Irish Times ePaper

France 2003

Rugby World Cup: match analysis, interviews, fixtures and results

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people