Icelandic President, Olafur Ragnar Grimsson, has vetoed the repayment of a £2.3 billion loan to the UK Government.
The debt relates to the collapse of Landsbanki which collapsed at the height of the banking crisis in autumn 2008 and 300,000 British savers saw their accounts frozen with the bank’s online Icesave brand.
The Treasury stepped in with [...]
An ethical banking expert claimed this week that the mainstream banking sector has failed to show sufficient remorse for its role in the financial crisis.
Charles Middleton, chief executive of the UK branch of ethical bank Triodos, said bank leaders have yet to take responsibility for their wrongdoings.
Speaking ahead of a conference on ethical finance in [...]
Eco-friendly bank Triodos posted a 50% rise in profit for the first half of this year.
Net profit at the Dutch bank for the six months ending 30 June 2009 was €5.7 million, up from €3.7 million in the first half of 2008.
Deposits at the bank increased 15%, growth which Triodos believes reflects disillusionment with traditional [...]
Dutch banks have signed up to a new code of conduct limiting executive bonuses to 100% of salary.
Once the code comes into force, bankers’ salaries will have to be below the median for similar jobs, bonuses will have to be returned if a bank enters financial difficulty, and redundancy payments will be limited to one [...]
High street banks are still more popular with consumers than non-bank brands offering financial products despite the banking crisis, new research has discovered.
Nearly two-thirds (65%) of consumers polled in a Marketing Week commissioned study said they wouldn’t consider a financial product, such as a bank account, personal loan, or credit card, from outside the traditional [...]