LONDON British lawmakers on Friday accused Royal Bank of Scotland (RBS) Chief Executive Ross McEwan of withholding information when he gave evidence to their committee in January, a charge the CEO disputes. | Video
JOHANNESBURG/LONDON Investec cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm's founder and chief executive.
LONDON Complaints about British payday lender CashEuroNet UK shot up by more than 200 percent in the first half of this year - more than double the rate that drove rival Wonga into administration, data published on Wednesday showed.
LONDON Funding Circle will test investor demand for British peer-to-peer lenders in a listing scheduled for October and expected to value it at more than 1.5 billion pounds ($1.94 billion).
LONDON Paul Pester, the chief executive of Britain's crisis-hit TSB Bank, is stepping down after months of pressure following a botched IT project that has cost more than 200 million euros ($231 million).
LONDON The collapse of Britain's biggest payday lender Wonga is likely to turn up the heat on its rivals amid a surge in grievances by customers and calls by some politicians for tighter regulation. Britain's poster child of short-term, high-interest loans collapsed into administration on Thursday, only weeks after raising 10 million pounds ($13 million) to help it cope with an increase in compensation claims.
Britain's biggest payday lender Wonga Group collapsed on Thursday, saying it had decided to put its UK operations into administration against a backdrop of widespread criticism for high interest rates and marketing tactics used by the industry.
* Administration comes weeks after cash call
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LONDON Paying a dividend will broaden interest in Royal Bank of Scotland, but a sudden influx of new shareholders is unlikely given the British government's still dominant stake and as investors wait to ensure it can sustain the payout.
LONDON Britain's biggest banks are planning to send personalised spending alerts and in some cases money management advice to their mobile banking customers as they strive to shore up brand loyalty in the face of growing competition.