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  • BUSINESS

    Lloyds profits surge as bank builds on recovery

    AFP, Published on 21/02/2018

    » LONDON: Lloyds Banking Group on Wednesday said that its net profit soared 52% last year, when the UK lender returned fully to the private sector following a state bailout.

  • BUSINESS

    Staying in shape

    Asia focus, Umesh Pandey, Published on 01/06/2015

    » Asian banks remain healthy and have managed to avoid the ongoing problems faced by some multinationals that have been divesting assets left, right and centre, say some of the region's top finance executives.

  • NEWS

    RBS fined $612m for Libor violations

    AFP, Published on 07/02/2013

    » LONDON - State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.

  • BUSINESS

    Top banks downgraded

    Published on 22/06/2012

    » WASHINGTON - The health of 15 of the world's largest financial institutions has been called into serious question after Moody's downgraded their credit ratings, citing risk exposure and the eurozone crisis.

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