Birmingham Post - Tag - banking

PPI claims hit taxpayer-owned Lloyds Banking Group

Birmingham Post — Tue, 01 May 2012 08:35:13 GMT

Taxpayer-backed Lloyds Banking Group has revealed lower-than-expected profits after it took an additional £375 million hit to cover payment protection insurance (PPI) claims.

Banks lose £2bn amid fears of Spain bailout

Birmingham Post — Mon, 16 Apr 2012 12:35:13 GMT

Britain’s biggest banks lost £2 billion from their combined market value today as fears over Spain’s creaking finances saw investors dump financial stocks.

Lending volumes rise by half at Secure Trust Bank

Birmingham Post — Thu, 15 Mar 2012 09:35:13 GMT

Lending volumes rose by more than half at Midland-based Secure Trust Bank last year, the firm has revealed in its first annual accounts posted to the stock exchange.

Bank of Scotland 'guilty of serious misconduct'

Birmingham Post — Fri, 09 Mar 2012 15:05:15 GMT

Bank of Scotland was guilty of “very serious misconduct” which contributed to the taxpayer bailout of its parent company HBOS, the City watchdog has said.

Credit quality boosts profits at Provident

Birmingham Post — Tue, 28 Feb 2012 12:15:13 GMT

Doorstep lender Provident Financial said profits rose 12% after fewer people defaulted on loan repayments and it benefited from strong demand for credit cards.

HSBC forced to defend city bonuses as profits rise 15%

Birmingham Post — Mon, 27 Feb 2012 13:05:00 GMT

HSBC has been forced to defend bonuses for City high-fliers as it revealed its boss received an annual pay package worth a potential £7.2 million.

Growth in Asia helps HSBC post near record UK profit

Birmingham Post — Mon, 27 Feb 2012 09:25:13 GMT

Rapid growth in Asia and a resilient performance in the UK helped drive profits of £13.8 billion at banking giant HSBC.

Taxpayer-backed RBS expected to unveil £400m bonus pot

Birmingham Post — Wed, 22 Feb 2012 15:00:00 GMT

Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers’ pay as it unveils a £400 million bonus pool for its investment bankers in 2011.

Handelsbanken reveals 31% rise in lending to UK customers

Birmingham Post — Thu, 16 Feb 2012 06:53:00 GMT

The loyalty of local customers has been credited with driving growth at a Swedish bank which has branches in Birmingham and Solihull.

Takeover for Islamic Bank of Britain after another year of losses

Birmingham Post — Wed, 16 Mar 2011 15:30:00 GMT

The Birmingham-based loss-making Islamic Bank of Britain is set to be taken over by its main investor Qatar International Islamic Bank (QIIB) in a deal valuing it at £25.5 million