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Managing director of Liverpool FC, Christian Purslow, has assured fans that the club is not going bust. However, co-owners George Gillet and Tom Hicks owe the royal Bank of Scotland £237 million. The renegotiation or repayment of the loan is due in October. On the clubs’ website, Mr Purslow answered questions from worried fans over [...]

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Government stimulus packages and a general improvement in the country’s economy are the reasons banks have been able to turn their fortunes around, according to bosses at Standard and Poor (S&P), not the banks’ management. The rating agency warned that the good performance may not be sustainable and new policies implemented by banks’ bosses may [...]

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The government has told Britain’s banks to start lending more money to businesses or face punitive consequences. They have also been told to slash bonuses. Together, Chancellor George Osborne and Vince Cable, the country’s business secretary, will tell the banks that they must reign in their yearly bonus payments and start using the money to [...]

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The Committee of European Banking Supervisors has published a list of banks which it says should be given a test to assess whether they are in a strong enough position to withstand future financial shocks. Included on the list of 91 institutions the European Union says should be tested are Britain’s big-four: Barclays, Lloyds, HSBC [...]

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The Royal Bank of Scotland’s shareholders have forced the institution to rethink its executive bonus scheme. The majority of RBS is owned by the tax payer, and institutional shareholders have made it clear that they are not happy with proposals which could see executives reap large rewards for a rise in share prices. Under the [...]

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The 318 Royal Bank of Scotland branches up for sale as part of the European Union’s stipulation that they must find a new owner to justify the £54 billion committed by the government in bail out funds, may soon be controlled by either Virgin Money or Spanish banking giant Santander. Five companies have now bid [...]

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The Royal Bank of Scotland has been issued with a £28.59 million fine by the Office of Fair Trading for breaking strict competition laws. RBS has admitted to revealing information about its loan pricing plans to rivals Barclays. The pricing plans were for professional services such as accountants and lawyers. Barclays and RBS are the [...]

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Last year Google was voted as the brand with the best reputation in the U.K. but this year Microsoft has managed to take the crown. Microsoft was voted into the number one position by a team of thirty-five brand experts as well as more than 1,700 professionals from within the British business community. The results [...]

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Some products and services are definitely aimed at drawing interest from families, while others are content to get their business elsewhere.  In a recent study, one thousand five hundred Britons were asked to rank companies based on how friendly they are to families.  A wide variety of criteria were used to make the judgment but [...]

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After a skimming device was found attached to one of its automatic teller machines, Rhondda supermarket is encouraging all of their customers to check their bank statements to ensure that they have not been the victim of credit card fraud.  Skimming devices essentially clone a cash machine by making copies of the card and recording [...]

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