RBS Faces Large Call For SME Lending Reform

By Mark Kleinman, City Editor The taxpayer-backed Royal Bank of Scotland (RBS) will face demands to overhaul its small business lending practices later this week following a four-month review led by a former deputy governor of the Bank of England....

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Japan Watchdog To Probe Mob Bank Loan Scandal

Japan's top three banks are to be investigated in the wake of a loans-to-mobsters scandal, the country's financial watchdog has revealed. The Financial Services Agency (FSA) will look at the business dealings of scandal-hit major lender Mizuho, as well...

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Economic Benefit Of HS2 Not As High As Claimed

The economic benefit to the country of HS2 high-speed rail will not be as great as first predicted, according to a report by the scheme's promoters. It had been estimated that for every £1 spent on the £50bn project the wider economic benefit would...

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Lloyds Profits Hit As PPI Bill Tops £8bn

Lloyds Banking Group has set aside another £750m to cover the costs of the payment protection insurance (PPI) scandal, taking its total provision past £8bn. The part-nationalised lender confirmed the news - broken by Sky's City Editor Mark Kleinman on...

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Fox's Eyes Joint Bid For Rival Biscuit-Maker

By Mark Kleinman, City Editor Fox's, one of the UK's biggest biscuits brands, is in talks with private equity funds about a joint bid for rival Burton's Foods, the maker of Jammie Dodgers and Wagon Wheels. Sky News understands that Clayton Dubilier...

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BP Shares Soar Despite Q3 Profits Fall

BP shares have soared more than 5% after the company confirmed a shareholder windfall despite a 36% fall in quarterly profits. The oil firm's underlying replacement cost net profit for the third quarter was $3.692bn (£2.3bn). While down on the same...

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Blockbuster To Enter Administration Again

The DVD and computer games rental chain Blockbuster is poised to enter administration for the second time this year, placing 2,000 jobs at risk. It was snapped up in March by private equity group Gordon Brothers Europe after its initial collapse in...

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Libor Scandal: Rabobank To Pay £663m Fine

US and European regulators, including the UK's Financial Conduct Authority (FCA), have fined Dutch lender Rabobank a total of £663m over the Libor interest rate scandal. As news of the settlement was announced, the bank's chief executive Piet Moerland confirmed...

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Live: MPs Question Big Six Energy Firms

Live: MPs Question Big Six Energy Firms This website uses cookies. Cookies remember you so we can give you a better service online. By using this website or closing this message you are agreeing to our cookies notice. Cookies FAQs.x 3:09pm...

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Energy Crisis: MPs Turn Spotlight On Big Six

Energy: Who Are The Big Six? Updated: 10:56am UK, Tuesday 29 October 2013 By Anushka Asthana, Political Correspondent As energy bills continue to dominate in Westminster, MPs will today hear from the "Big Six" companies – who together supply over...

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