Sean Farrell

Recent Articles by Sean Farrell

March 30, 2009

Thousands More London City Jobs at Risk

Britain's financial services industry is set to cut a further 15,000 jobs in the next three months to counter record falls in income and sharply declining ...

March 19, 2009

Watchdog Clamps Down on 'Casino Banking'

The chairman of the City watchdog yesterday drew a line under the era of anything-goes banking, promising a clampdown on risky trading, fat-cat pay and loose ...

March 16, 2009

Bank Troubles Help Social Lender Zopa

Zopa, the social lending website that cuts out banks, lent a record £2.5m in February and is piling on new members as the credit drought makes its service more ...

March 13, 2009

British Banks Watchdog Barks Louder

The chief executive of the Financial Services Authority warned the City yesterday to be "very frightened" of its tougher stance and said the watchdog was looking at ...

March 3, 2009

Standard Chartered: A Rare Banking Star

Standard Chartered stood out from the gloom of a torrid banks reporting season yesterday by announcing record annual profits and a dividend increase. The emerging ...

February 15, 2009

All Eyes on Lloyds after Massive Loss

The Government and its financial regulator sought yesterday to calm fears about the health of Lloyds Banking Group before the start of trading in the embattled bank's ...

February 1, 2009

Lending Slowdown Threatens British Firms

Lending to companies slowed sharply in December, highlighting the threat of a worsening credit squeeze on businesses that would increase the impact of the recession. ...

January 19, 2009

The Bloodbath of British Banks

Royal Bank of Scotland (RBS.L) announced the biggest loss in British corporate history yesterday. The news triggered fears the bank would be nationalised and caused a ...

January 14, 2009

Banks Reel Anew on Deutsche, HSBC News

Fresh turmoil hit the banking sector as Deutsche Bank issued a profits warning and analysts suggested that HSBC could need a massive injection of fresh capital. ...

January 12, 2009

Latest RBS Blow: Lyondell Loans

Royal Bank of Scotland (RBS.L) was forced to reveal yesterday that it has lent $3.47bn (£2.34bn) to Lyondell Chemical, the bankrupt US chemicals company. Analysts ...