Customers 'Duped' By Energy Switching Deals

Energy price comparison websites have been "duping" customers into switching to deals that are not the cheapest on the market and should pay them compensation, a group of MPs have said. The Energy and Climate Change Committee said some sites had used...

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Unions Protest As East Coast Line Goes Private

Rail unions are planning to stage protests along the East Coast Main Line later - marking the day before the route is re-privatised by the Government. The Rail, Maritime and Transport union is organising gatherings in London, Doncaster and Edinburgh...

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Coutts Faces Client Tax Evasion Inquiry

Coutts, known as the Queen's bank, is being investigated by German authorities on alleged aiding of client tax evasion. The bank, which is owned by Royal Bank of Scotland (RBS) and exclusively open only to those of significant financial means, said...

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RBS Posts £3.5bn Loss As Boss Hands Back £1m

A £4bn writedown on its US business meant Royal Bank of Scotland (RBS) remained in the red in 2014, with the bank confirming a £3.5bn loss. The annual loss marked the seventh consecutive year the part-nationalised bank has failed to achieve profitability,...

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HSBC Bosses Show Humility Over Swiss Role

The apologies were fulsome, forthright and frequent: for the top two executives at HSBC, their appearance in front of MPs on Wednesday was a well-choreographed damage limitation exercise. After a fortnight in which damaging revelations re-emerged...

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HSBC Bosses 'Sorry' For Swiss Tax Scandal

The bosses of HSBC have apologised in person to MPs over the "unacceptable" past behaviour of the bank and thousands of secret Swiss bank accounts it held for clients. Chief executive Stuart Gulliver told MPs on the Treasury Select Committee that...

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Huge Fines To Tackle 'Menace' Of Cold Callers

Companies to blame for nuisance calls and texts can be fined up to £500,000 under tough new regulations being introduced. Changes to the current law - which has been described as "a licence for spammers and scammers" - will make it easier to impose...

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Oil Group Gulf Keystone To Signal Sale Talks

By Mark Kleinman, City Editor One of London's most controversial listed companies will effectively put itself in play on Wednesday by disclosing initial takeover discussions with potential buyers. Sky News can reveal that Gulf Keystone Petroleum...

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HSBC Boss Gulliver Explains His Swiss Account

Ed Balls has accused the Government of turning a "blind eye" by employing a former HSBC chairman, as the bank's current chief executive denied any wrongdoing amid revelations he had cash in the bank's private Swiss offshoot. The Guardian claimed CEO...

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HSBC Annual Profits Fall 17% To £12.14bn

HSBC, the global bank currently at the centre of a tax scandal, has blamed a 17% fall in annual profits on the cost of past mistakes. The London-listed group said reported profit before tax fell to $18.68bn (£12.14bn) in 2014. It said it was, in...

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UK Banks Slash Ranks Of Millionaire Pay Deals

By Mark Kleinman, City Editor The UK's biggest banks slashed the number of employees earning at least £1m last year in a move they will argue demonstrates that they are heeding calls for greater pay restraint. Sky News understands that Barclays,...

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HSBC Boss Gulliver In £5m Swiss Account Claims

Stuart Gulliver, HSBC's chief executive, reportedly kept millions of his own money sheltered in the bank's private Swiss offshoot. The Guardian says Mr Gulliver - due to announce the bank's full-year results this morning - kept $7.6m (£4.93m)...

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Eurozone Agrees To Extend Greek Bailout

Eurozone finance ministers have agreed to extend Greece's rescue loans - although not by as long as the government wanted. The deal, which will enable Athens to continue paying its bills, was reached at talks in Brussels which were delayed for...

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Greece Agreement 'Old Deal In New Clothing'

The clue came right at the start of Yanis Varoufakis' press conference. Up until last night's bailout extension deal, the Greek finance minister spent most of his international media appearances addressing an international audience - speaking fluent,...

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