Shadow Financial Secretary to the U.K. Treasury, Chris Leslie, called for U.K. Trade Minister Stephen Green to publicly answer questions about his time as chief executive officer and chairman of HSBC Holdings Plc.
On a cold, clear January morning, Sir Richard Branson finds himself standing in the middle of a pedestrian-friendly street in Newcastle -- a hardscrabble city in northeast England -- becoming something he never thought he would be: a banker.
Royal Bank of Scotland Group Plc’s decision to award employees 576 million pounds ($957 million) of bonuses after its largest loss since its bailout risks derailing Chief Executive Officer Ross McEwan’s bid to mend its reputation.
Royal Bank of Scotland Group Plc posted the biggest full-year loss since its bailout in 2008 as Chief Executive Officer Ross McEwan outlined plans to return what he called the industry’s least-trusted lender to profit.
The U.K. will force banks to separate their investment and consumer businesses as part of its acceptance of the findings of the John Vickers-led Independent Commission on Banking, business secretary Vince Cable said.