In order to ink a deal to buy up to half of Williams & Glyn's from Royal Bank of Scotland, a Church of England has announced the launch of a new "ethical" bank.
Recent updates from the Bank of England (BOE) highlights that it has been given a good amount of control by the UK government to purchase new Help to Buy Scheme.
This scheme has increased house prices and also raised issues regarding house price bubble.
According to new reports, there seems some sort of improvement in the credit card debt and mortgage approvals.
UK has been suffering from the economic recession, from the past few years. This recession is being improved with the improvement in the economic scale in UK.
Credit card debt and the mortgage approvals have been increased for the first time in the past four years.
Ben Broadbent who is one of the Bank of England's Monetary Policy Committee members gave a vehement reply to the critics over central bank decision regarding hike in interest rates.
According to him, the central bank's decision to tie interest rates hike is linked to employment rates.
British police have cracked the conspiracy that involved theft in a Barclays Bank branch. The police have arrested four men who will appear in Westminster Magistrates Court, London, on Saturday.
The four suspects are aged between 26 and 47. Police have informed that the accused have installed a device on the computer systems of the bank. The device in return helped these accuse to carry out theft.
Royal Bank of Scotland has announced sale of its 20% stake in Direct Line. The sale raised 630 million pounds.
To resolve the claims of the UK and the US, JPMorgan Chase & Co. (JPM) is set to pay $900 million. The negligent internal controls lead the bank to supply wrong data related to the previous year records of loss in trade to the board, investors and regulators.
The bank will declare the agreement along with four regulators. This deal will be regarding its handling of business and will be preceded by an employee, the London Whale.
- Ofcom's research shows Payday loan TV ads rocket as Adults estimated to watch 152 a year
- Tesco to add 300 Employees
- NimbleTV launches its TV-on-demand service to New York City area
- Micron settles with Rambus on DRAM memory patents
- Canonical partners with unnamed manufacturer to bring Ubuntu Touch OS to high-end handsets