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* FCA says banks on track to hit May compensation deadline * Banks so far have paid out 482 mln stg in compensation * Offer 'fair alternative' to consequential loss claims -FCA * Consequential losses bill could be 6 bln stg -claims firm By Matt Scuffham LONDON, March
Read moreLONDON, March 5 (Reuters) - Britain's biggest banks have so far paid out 482 million pounds ($804 million) from around 4 billion set aside to compensate small firms mis-sold complex interest rate hedging products, the financial regulator said. The Financial Conduct Authority on Wednesday ur
Read more* Watchdog sees progress in ending poor sales practices * FCA says won't make further rule changes for now * Says too early to say if culture at banks changing By Huw Jones LONDON, March 4 (Reuters) - Some of Britain's banks are still offering their staff pay incentives th
Read more* H2 2013 PPI complaints fall to 190,000 vs 266,000 * 'Big 4' banks, MBNA, account for 7 out of 10 cases LONDON, March 4 (Reuters) - Britain's financial ombudsman said the number of complaints it received about the mis-selling of loan insurance by banks and other financial services fi
Read more* British manufacturing sustains momentum through February * Mortgage applications surge, highest since Nov 2007 * Sterling cuts losses vs dollar, gains vs euro By Andy Bruce and Ana Nicolaci da Costa LONDON, March 3 (Reuters) - British manufacturing strengthened last mont
Read moreLONDON, March 3 (Reuters) - British lenders approved the highest number of mortgages in January since November 2007 and more than analysts had forecast, another sign of momentum in the country's housing market. Bank of England data also showed another fall in business lending, underscoring
Read more* FTSE 100 closes up 0.2 pct * RBS day's worst performer * U.S. data help pare losses * Capita among companies to report good results By Joshua Franklin LONDON, Feb 27 (Reuters) - Britain's top share index edged up on Thursday, lifted by positive U.S. data and assura
Read more* FTSE 100 flat on the day * RBS day's worst performer * U.S. data help pare losses * Capita among companies to report good results * WPP hit on margin concerns By Joshua Franklin LONDON, Feb 27 (Reuters) - Britain's top share index was flat on Thursday, with p
Read more* 2013 loss 8.2 billion pounds * Total loss since 2008 bailout 46 billion pounds * Warns Scottish independence could hit credit rating * Shares biggest fallers among European bank shares By Matt Scuffham and Steve Slater LONDON, Feb 27 (Reuters) - Royal Bank of Scotl
Read more* FTSE 100 falls 0.8 pct * RBS leads financials lower * Russia jet report spooks markets * Capita among companies to report good results * WPP hit on margin concerns By Joshua Franklin LONDON, Feb 27 (Reuters) - Britain's top share index was on track for its bi
Read moreLONDON, Feb 27 (Reuters) - Scotland would face a significant but not unsurpassable challenge if voters back independence in a referendum later this year, ratings agency Standard & Poor's said on Thursday. While an independent Scotland would have the attributes of a wealthy investment-grade
Read moreBy Steve Slater LONDON, Feb 25 (Reuters) - Lloyds Banking Group has been urged by a campaigner for retail investors not to be "irresponsible and short-termist" over how it treats bondholders who helped to rescue the bank in the financial crisis. The British bank, which is 33 percent o
Read more* EEV new business profit up 18 pct at 327 mln stg * EEV operating profit up 26 pct at 462.7 mln stg * FY div up 50 pct at 15.96 pence By Chris Vellacott LONDON, Feb 25 (Reuters) - British investment manager St James's Place plans to mark its new-found independence since m
Read moreBRUSSELS, Feb 24 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French bank BPCE and Belgian private equity company GIMV to acquire joint control of Veolia Transport Belgium (appro
Read moreLONDON, Feb 24 (Reuters) - A majority of FTSE 100 chairmen oppose Scottish independence as they fear splitting up would be bad for British business and dilute the UK's economic influence, according to a survey on Monday as the debate over independence intensifies. The poll by executive sear
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