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UK banks

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HSBC closing Britons’ Jersey accounts amid ID checks

17/03/2015(0)
HSBC is closing all accounts on Jersey belonging to customers living in the UK. It is part of a move by UK banks carrying out checks on the identity ... Read More
A sign for Bank Street and high rise offices are pictured in the financial district Canary Wharf in London

UK banks face break-up threat as competition probe launched

06/11/2014(0)
Britain’s big banks could be broken up after the country’s competition watchdog launched a full-blown investigation into services for small business customers and personal accounts because of a lack of competition. It marks ... Read More
uk banks

UK banks pay out $2.5 billion for swaps mis-selling

14/10/2014(0)
Britain’s biggest banks have paid out less than 40 percent of the 4 billion pounds ($6.4 billion) set aside to cover the mis-selling of complex interest rate hedging products, ... Read More
uk banks

UK’s banks pay 71% of profits in tax

28/03/2014(0)
THE UK’S LARGEST BANKS paid an effective tax rate of 71.3% of their profits to HM Revenue & Customs in 2013, according to research conducted by KPMG. KPMG’s study ... Read More
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