Cashzilla

Kweku Adoboli was arrested and charged with fraud and false accounting on Friday. He will remain in custody until his hearing on Thursday.

The RBS bank has reported a statutory loss before tax of £794million after suffering losses from its exposure to the Greek Financial Crisis and from the Payment Protection Insurance (PPI) Scandal. The news follows an announcement from the Lloyds Banking Group who also reported pre-tax losses of £3.3bn over the past 6 months. RBS’s loss comes [...]

Image by johnbullas via Flickr Wednesday week (25th November) will be D-Day for the banks in the long-running bank charges saga after it was announced earlier today that the Supreme Court will deliver their ruling on the legal battle according to MoneySavingExpert. Both the High Court and the Court of Appeal have ruled that charges [...]

Image via Wikipedia Could this be the clearest indication yet that banks have admitted defeat in the long running bank charges saga? In a surprise move, the taxpayer-owned RBS-Natwest group has announced it will be slashing charges related to overdrafts – breaking ranks with the rest of the banking industry. With a decision on whether [...]