Hull’s decision to launch its own cyber-currency, called Hullcoins, may sound like an April fool’s joke, but it shows the kind of traction virtual currencies are gaining in the real world.
Labour wants to raid bankers’ bonuses to create jobs for young people. The Conservatives say the sums don’t add up.
Co-op bank will fire 500,000 workers and lose an estimated £2bn this year, but the bank’s bad position justifies giving its management team more cash than last year, says an internal document.
A reclusive Japanese American man named by Newsweek as the founder of bitcoin, denies any involvement with the digital currency. But only after leading reporters on a car chase through LA.
The argument for Scottish independence suffers a set-back as Standard Life says it could move away from the country in the event of a “Yes” vote, and RBS reports increased losses.
RBS chief, Ross McEwan says if Scotland votes for independence his bank’s credit rating could be seriously affected. But he says ‘no large organisation’ should attempt to influence the vote.
Exclusive: for the first time, a whistleblower tells Channel 4 News that RBS’s GRG unit asset-strips businesses and charges fees to push firms to the brink. For more, watch at seven.
Exclusive: a whistleblower from RBS’s shadowy GRG unit claims that staff destroyed businesses “that didn’t need destroying” in an attempt to help save the bank during the credit crisis.
An investigation is under way after confidential files relating to customers of Barclays Bank were allegedly stolen and sold on to rogue City traders.
Lloyds Banking Group is forced to set aside a further £1.8bn to compensate customers for mis-sold insurance products, possibly delaying plans for its re-privatisation.
Mark Carney diplomatically warns Scotland that independence could come at a heavy price – like the ones paid by Ireland, Iceland, Cyprus and Spain.
Bank of England Governor Mark Carney says an independent Scotland would have to cede some of its national sovereignty if it wants to keep the pound.
For the first time the Bank of England allows the £1m and £100m bank notes, which underpin the Scottish banking system, to be filmed. Economics Editor Faisal Islam gets his hands on them.
Taxpayer-backed Royal Bank of Scotland could make losses of £8bn as it prepares to increase its compensation pot to £3.1bn to cover the cost of litigation and customer claims.
Jackie Long talks to locals in Biddulph about their economic troubles, and whether the leaders at the Davos world economic forum can really help out.