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British Banks

British Official: Banks Ran 'Ponzi Schemes' In Lead Up To 2008 Crisis

Posted 07.12.2012 | Business

Ponzi schemes are partly to blame for England's 2008 financial crisis, according to one British official. “The banks and those regulating them b...

London Banker Bonuses, Salaries surge

Reuters | Posted 05.25.2011 | Business

LONDON (Reuters) - Bankers in London have received average bonus increases of 40 percent this year and most have also received a jump in base salary, ...

Stephen Hester, RBS CEO: 'My Parents Think I'm Overpaid'

Times Online | Robert Lindsay | Posted 05.25.2011 | Business

Stephen Hester, the chief executive of Royal Bank of Scotland (RBS), admitted to a parliamentary hearing today that even his parents believed that he ...

European Banks Up To Their Eyeballs In Leverage

Fortune | Colin Barr | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- Leverage, the menace that helped bring down some of the biggest names on Wall Street, is now threatening the health of big banks...

British Banking System To Receive Unprecedented $100 Billion Bailout

London Times | Francis Elliott | Posted 05.25.2011 | Business

Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from col...