Bank of England staff to go on strike

Workers at the Bank of England will stage a four-day strike starting on 31 July in support of a pay claim. According to the Unite union, the strike will leave its headquarters in the City of London without security and maintenance staff and “effectively inoperable”. However, the Bank says it has contingency plans in place. […]

lloyds bank

Lloyds misses own compensation deadline

Victims of a one billion pound fraud at HBOS have criticised Lloyds Banking Group for failing to meet its own deadline for paying compensation. In the wake of guilty verdicts in a fraud trial that ended in February, Lloyds said it would offer compensation to the victims by the end of June. However only a […]

bank of america

US banks clear stress test

The largest US banks have passed the second part of a tough annual stress test. The approval by the Federal Reserve could give momentum to White House plans to loosen financial rules. The Fed signed off on the firms’ plans to distribute money to shareholders and use it for purposes other than being a buffer […]