Vince Cable Attacks Bank Capital Ruling

Banks Warned Over Capital Shortfall Updated: 12:44pm UK, Wednesday 27 March 2013 Britain's banks have a capital shortfall of £25bn because they have under-estimated the potential losses and fines they face over the next three years. The Bank of England's...

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Cyprus: British Expats Facing Cash 'Nightmare'

By Tom Parmenter, in Limassol Some British expats in Cyprus are facing a "financial nightmare" after the country's unprecedented EU bailout. After nearly four decades of hard work in the UK Terry and Hazel Rose thought moving to Pyrgos in southern...

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Cyber Threat: Spies And Big Firms Join Forces

By Tim Marshall, Foreign Affairs Editor The UK has seen an unprecedented wave of cyber attacks against its leading companies, government ministries and telecommunications sector, according to a senior Government official. In response, the Government...

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Holiday Bookings Up As Wintry Weather Lingers

Britons have been rushing to book sunshine holidays in the wake of record summer rainfall and prolonged wintry weather, according to Europe's biggest tour operator. TUI Travel told investors summer bookings were up by 9% in the UK over the six months...

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Lloyd's Of London Back In Profit Despite Sandy

Lloyd's Of London has bounced back into profit in 2012 after claims fell as a result of fewer natural disasters. The world's oldest insurance market said pre-tax profit increased to £2.77bn from a loss of £516m the year before. The strong figures come...

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Green Energy Moves Help Push Up Fuel Bills

By Poppy Trowbridge, Business and Economics Correspondent Energy prices will continue to rise for households across the UK, according to a new Government report. The average household bill could rise to £1,516 from the current £1,319 by 2030, the...

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Apple Sued In China Over Siri Patent Claims

Apple is being taken to court in China for alleged copyright infringement on its Siri feature. Shanghai's Zhizhen Network Technology Co claims Apple infringed its patent for the voice recognition software. Siri is a "virtual personal assistant" which...

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Prudential Fined By FSA Over Failed AIA Deal

Prudential has been fined £30m by the Financial Services Authority for failing to be "open and co-operative" about a takeover attempt of an Asian rival three years ago. The FSA said the UK's largest insurer should have informed regulators at the earliest...

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Banks Warned Over £25bn Capital Shortfall

Cable Attacks Bank Capital Verdict Updated: 10:50am UK, Wednesday 27 March 2013 By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has attacked plans to force Britain's banks to raise up to £25bn to strengthen their balance sheets,...

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Cyprus Imposes Limits Ahead Of Bank Reopening

Cyprus is to impose strict limits on money transfers as it prepares for the planned reopening of its crippled banking system. The measures, aimed at preventing a run on banks in the wake of the nation's controversial bailout, will include restrictions...

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