UK Pounds

HSBC's India headcount rises by 4,000 despite global drop

06:35 PM | Money Control

UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons.

Foreign currency - coins

HSBC discloses tax evasion probes in India, other countries

06:35 PM | Money Control

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.

B&Q logo & ladder

Barclays to install ex-boss of B&Q-owner as UK chair

04:51 PM | City A.M.

Barclays is set to announce Sir Ian Cheshire as chair of its UK ringfenced operations tomorrow. Under the ringfencing rules, banks have until 2019 to split their retail units away from their investment divisions.  Sky News, which first reported the news...

HoF-Elizabeth Hurley

App-only bank Tandem's CEO is retiring months before it launches

02:37 PM |

LONDON — The CEO of app-only bank Tandem is retiring, with the company's founder taking over the role. A filing with Companies House earlier this week showed that Peter Herbert is stepping down as a director. A spokesperson for Tandem confirmed Herbert's departure to Business Insider over the phone, saying he is retiring.


The RBS boss admitted the bank won't make any profit for a decade in total

01:40 PM |

The Royal Bank of Scotland just reported its ninth consecutive year of losses. The bank, which is 73% state-owned, said in its full year financial results statement  that it lost £6.955 billion compared with £1,979 million in 2015. The reason it lost...


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