Virgin Money has announced it will open a new operations centre in Edinburgh next year. The move will create an initial 200 jobs, with the firm planning to offer more positions as it expa...
HSBC chairman Stephen Green is set to join the coalition government next year as trade minister, it has been revealed. The move will bring an end to Mr Green's 28-year association wit...
Barclays has confirmed that US banker Bob Diamond will become the firm's chief executive next year. Mr Diamond will take over from current boss John Varley in March 2011, who has been...
Six million Britons could be affected by a computer error by HM Revenue and Customs which has miscalculated the amount workers owe in tax.Around 1.5 million employees will be forced to pay an average ...
Interest rates will be frozen at their historically low rate for the rest of the year, according to an expert.The base rate is currently set at 0.5 per cent and the Bank of England's Monetary Poli...
Credit card rates could be set to rise following the record level of debt that banks have been forced to write off, it has been claimed.Figures released by The Bank of England show that providers wrot...
Interest rates will be frozen until the middle of 2011 as the international economy slows down and government cuts take affect, according to experts.A poll of 60 economists conducted by Reuters has re...
HSBC could leave its London headquarters if the coalition government pushes through plans to split up big banks, according to a senior official.The Liberal Democrats proposed that traditional retail b...
Royal Bank of Scotland (RBS) has announced it will cut 3,500 jobs across the UK as it aims to drive down costs.Staff in the firm's back office, technology and property units will be laid off as a ...
UK pensioners should shop around before purchasing an annuity to ensure they are getting the best deal, according to an expert.Research by financial website moneyfacts.co.uk has found that the average...
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