The Shadow Brexit Secretary said the government's reported 'sweetheart deal' with the car maker must be 'transparent and accountable'.Read the full story ›
Royal Bank of Scotland (RBS) made a £469 million loss in the third quarter and confirmed that it will miss a 2017 deadline to sell off its Williams & Glyn branch network.
The figure compares with a profit of £940 million in the same period last year, when the bank's balance sheet was boosted by the sale of US bank Citizens.
The lender, which is still 73% owned by the government, said that despite "positive discussions" with interested parties on the sale of Williams & Glyn, it will miss its 2017 deadline.
RBS must offload the Williams & Glyn branches by the end of next year as part of EU conditions linked to its £45 billion bailout at the height of the financial crisis.
The bank was also hit by £425 million in conduct and litigation charges, largely linked to the sale of mortgage-backed securities in the US and £469 million in restructuring costs.
They deny a 'sweetheart deal' - but a senior source told ITV News the government promised to support such firms in the event of Brexit.Read the full story ›
The decision is the first major announcement for the car industry since the Brexit vote and is expected to save around 7,000 jobs.Read the full story ›
Barclays has set aside an extra £600 million to meet compensations claims for the mis-selling of payment protection insurance (PPI) in the third quarter.
The sum brings the total provision over the past two quarters alone to £1 billion, after £400 million was set aside in the second quarter.
The banking industry's PPI bill already stands at more than £30 billion.
Chief executive Jes Staley said the bank is still focused on selling down and disposing its hinterland businesses to concentrate on UK and US operations.
"The growing momentum in attaining our strategic goals means we can feel optimistic of our prospects of completing the restructuring," he added.
On Wednesday, Lloyds Banking Group announced that it set aside a further £1 billion to fund compensation claims for the mis-selling of PPI.
The partly state-owned lender said it has also accounted for a further £150 million to meet other conduct issues, including £100 million relating to packaged bank accounts.
The lender, which is the worst affected by the PPI mis-selling scandal, said it has also set aside £150m for other conduct issues.Read the full story ›
Governor says Article 50 fears not Bank actions to blame for pound's plunge, but admits markets may yet have "mistaken" Brexit impact.Read the full story ›
The Government is to choose which scheme to back after a review of the UK's airport capacity. Here are the three shortlisted options.Read the full story ›
The Government's long-awaited decision on which scheme - Heathrow or Gatwick - should get the go-ahead will finally be announced later.Read the full story ›
New laws coming into force next year will see directors of spamming companies face fines of up to £500,000.Read the full story ›