Category: News Wire

Natwest owner RBS said its operations had returned to normal after thousands of customers had problems with online banking and debit cards.

Barclays has said it is “sorry for the issues that have emerged over recent weeks”, when the bank has been caught up in a rate-fixing scandal.

Facebook has reported a $157m (£100m) loss on payments to shareholders such as chief executive Mark Zuckerberg in its first results since its eagerly anticipated stock market listing in May.

The Government’s flagship £2.4bn Regional Growth Fund is being undermined by a catalogue of errors, lost documents, bureaucracy and misunderstandings, an accountancy body has warned.

Royal Bank of Scotland is slashing rates and improving borrowing terms for small businesses.

Government minister Lord Green has claimed he does not “have a case to answer” over the HSBC money laundering allegations that have emerged from his time at the head of the bank.

Government data to be released is expected to confirm that the UK economy contracted for a third quarter in a row, as the recession continues.

Greece may run out of money and go bankrupt by Aug 20, a British government analysis of the ongoing eurozone crisis has warned.

Lord O’Donnell, the former Cabinet Secretary, has emerged as the leading candidate to become Barclays’ new chairman.

Credit ratings agency Moody’s has warned the outlook for Germany’s AAA credit rating is negative, the first step towards a possible downgrade.

It is “morally wrong” to offer to pay tradesmen in cash in the hope of avoiding tax, Treasury Minister David Gauke has said.

New lenders such as Funding Circle are prospering but hurdles will need to be overcome as the upstarts become grown up marketplaces.

UK firms are failing to unlock the full productivity of their workforce, with the majority of employees facing “significant barriers to performing their job well”, according to a report from global management consultancy, Hay Group.

The network problems that hit thousands of O2 customers have continued into a second day.

Britain’s export-led recovery has been jeopardised by the appreciation of the pound to a three-and-a-half year high against the euro, undoing the advantages gained by slashing interest rates and launching quantitative easing.