Now give up your 240,000 pension, angry Lloyds shareholders tell ex-bank chief who presided over disastrous rescue of HBOSHBOS saddled with 238billion of debt had to be bailed out by LloydsCampaigners say pension should be paid to ordinary investors who lost outLloyds had to be bailed out with 20.5billion of taxpayers’ money in October 2008, weeks after its takeover rescue of HBOS By James Salmon PUBLISHED: 23:51 GMT, 10 April 2013 | UPDATED: 01:26 GMT, 11 April 2013 Lloyds shareholders called for former HBOS chief executive Andy Hornby to give up his 240,000 pension Furious Lloyds shareholders last night led calls for disgraced former HBOS chief executive Andy Hornby to give up his gold-plated pension worth more than 240,000 a year.
Securicor driver 'Fast' Eddie Maher who went on run in U.S. for 20 years after stealing 1.2m from his van in Suffolk is jailed for just FIVE YEARS Maher, 57, made off with Securicor van outside bank in Felixstowe in 1993Loaded 30 sacks of cash into a getaway vehicle before flying to America Lived in U.S. under false identities of Stephen King and his brother MichaelBuilt new life with partner, Deborah Brett, and their son Lee, who was three at time of heistBought house in Colorado with $120k in cash just six months after the theftArrested in February last year after his daughter-in-law called the policeDenied charge after being deported, but entered last-minute plea today By Simon Tomlinson PUBLISHED: 10:40 GMT, 5 March 2013 | UPDATED: 13:52 GMT, 5 March 2013 A British man who spent almost 20 years as a fugitive in the U.S
More than 4,000 jobs at risk as HMV teeters on brink of collapse: Firm calls in administrators after rescue talks fail Retailer has struggled in the face of growing demand for digital downloadsCompany had a poor Christmas sales period239 stores and 4,350 staff face uncertainty as negotiations unfold By Rob Davies PUBLISHED: 21:08 GMT, 14 January 2013 | UPDATED: 23:48 GMT, 14 January 2013 One of the most famous names on the high street, HMV, was on the brink of collapse tonight. The music chain’s demise would cost 4,000 jobs and make it the second household name to go under already this year. Administrators from City firm Deloitte were brought in tonight
Tax on high street banks to rise: Lenders face 24% rise in levy Chancellor said this would ensure banks don't benefit from further cuts in corporation tax in 2014 | UPDATED: 23:39 GMT, 5 December 2012 High Street lenders face a 24 per cent increase in the bank levy as the Government strives to hit its target of raising more than 2billion a year.
We’ll only win this war if banks lend | UPDATED: 09:21 GMT, 4 December 2012 This was the day a senior executive of the Bank of England spelt out in graphic language the impact of the financial crisis, saying its effects on economic output and incomes were ‘as bad as a world war’.
Cash-rich banks still won’t lend to families and firms despite borrowing 4.4billion from Bank of EnglandFigures are first insight into success of Government's lending schemeScheme lets banks borrow for 0.25 per cent as long as they maintain lendingMust use money to lend to the 'real' economy such as small firms | UPDATED: 02:02 GMT, 4 December 2012 The figures are the first insight into the success of the Government and the Bank’s much-hyped ‘Funding for Lending’ scheme, aimed at solving Britain’s lending crisis. One expert yesterday joked the name was ‘unintentionally ironic’ because there is ‘precious little lending going on.’ Under the scheme, banks and building societies can borrow an unlimited amount of money for as little as 0.25 per cent as long as they maintain, or increase, their lending. They must use the money to lend to the real economy, such as small firms and homeowners or first-time buyers who need a mortgage
Banks are accused of not being as strong as they claim and hiding 60bn black hole from investorsSir Mervyn King said the black hole was 'holding back our recovery'Bank of England blamed shortfall on hidden losses on loans, mis-selling scandals and 'misleading' accounting by country's biggest lendersIt ordered audit into banks' finances and called for lenders to raise funds | UPDATED: 00:11 GMT, 30 November 2012 Sir Mervyn King said banks need to raise 60billion to protect against future losses British banks are not as strong as they claim and could need to raise as much as 60billion of emergency funds to protect against future losses, the Bank of England warned yesterday. Its governor, Sir Mervyn King, said the black hole at the heart of the banking system was ‘holding back our recovery’ and must be tackled ‘head on’. The Bank blamed the shortfall on hidden losses on toxic loans, the mounting bill from mis-selling scandals, and ‘misleading’ accounting by the country’s biggest lenders – Royal Bank of Scotland, Lloyds Banking Group, Barclays and HSBC