Banking and finance
New Co-op chief to launch strategic review
The new chief executive of the Co-operative Group is to undertake a strategic review of its businesses in the wake of the downgrade of its bank's debt status to "junk".
Categories: Banking and finance
Start-up loans rapped for pitches to students
Organisations responsible for distributing more than £100m of Government money to would-be entrepreneurs have been criticised for "overly aggressive" marketing of loans to young people.
Categories: Banking and finance
UBS is given a little nudge in the ribs from Knight Vinke
For a shareholder with just 1.2pc of the equity in UBS, Knight Vinke appears to be making a lot of effort to encourage the Swiss banking conglomerate to change its ways.
Categories: Banking and finance
UBS talks to Knight Vinke over call to split
The chairman of UBS has agreed to meet activist investor Knight Vinke to discuss demands to hive off its investment bank into a separate business.
Categories: Banking and finance
Tesco: Banking culture 'not changed enough'
The leaders of Britain's banks have not done enough to change the culture of the financial services industry five years on from the financial crisis, according to the head of Tesco's banking arm.
Categories: Banking and finance
'We're here to serve Tesco customers, not change banking'
The head of Tesco Bank tells Harry Wilson why more competition might not be a cure for the industry's ills and that lenders must start putting the consumer first .
Categories: Banking and finance
Goldman Sachs confronts Bloomberg after journalists keep tabs on bank staff
Bloomberg faces a battle to reassure banks its $20,000-a-year terminals do not pose a security risk, after it emerged that its journalists had been accessing information about individual users.
Categories: Banking and finance
Co-op rules out state aid as boss quits amid capital fears
The Co-operative Bank was forced to reassure customers it has not sought Government help as the sudden departure of its chief executive compounded fears over its stability.
Categories: Banking and finance
Co-op Bank downgrade: Q&A
Categories: Banking and finance
The Apprentice: designed to ridicule the deluded, conceited and inept
The BBC program has long ceased being a search for a brilliant new entrepreneur, says Michael Deacon.
Categories: Banking and finance
Downgrade shows a 'void of leadership' at Co-op
Telegraph's Banking editor Harry Wilson says Moody's downgrading of Cooperative Bank raises "some very difficult questions about the way the business is being managed".
Categories: Banking and finance
Co-op tweets to allay fears it needs taxpayer support
The Co-operative Banking Group has moved to allay fears that it could need taxpayer support by assuring its customers via Twitter that it has not sought government help.
Categories: Banking and finance
Co-op Bank chief steps down after Moody's downgrades debt to junk
The chief executive of Co-operative Bank, Barry Tootell, has stepped down after the business had its credit rating downgraded by Moody's, which warned the mutual faced losses that it might not be able to afford.
Categories: Banking and finance
Co-op Bank chief steps down after Moody's downgrade
The chief executive of Co-operative Bank, Barry Tootell, has stepped down after the business had its credit rating downgraded by Moody's, which warned the mutual faced losses that it might not be able to afford.
Categories: Banking and finance
JPMorgan sued by California over debt collection practices
The US state of California is suing JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit card customers and misusing the court system to harass them with lawsuits.
Categories: Banking and finance
Co-op Bank could need taxpayer support, says Moody's
The Co-op could require taxpayer support for its banking arm after the business had its credit rating downgraded by Moody's, which warned the mutual faced losses that it might not be able to afford.
Categories: Banking and finance
KPMG faces double inquiry by reporting watchdog
KPMG, the accountancy firm forced last month to give up two audits in the US after becoming embroiled in an alleged $1.3m (£840,000) insider trading scandal, is facing a double investigation by the Financial Reporting Council.
Categories: Banking and finance
Increase in ID fraud boosts Experian's revenues
Experian, best known for running consumer credit checks for banks, has reported a strong rise in revenues, boosted by factors that were not necessarily good for others but were good for the company, such as identity fraud.
Categories: Banking and finance
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more