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.... The losses were part of the $6. 2bn loss centred on Iksil, who Martin-Artajo supervised and for whom Grout worked. ... [Read full article on Guardian ]
Friday 21st of July 2017 11:45:22 PM
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Latest Finance News related to Bn Loss

'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
.... The losses were part of the $6. 2bn loss centred on Iksil, who Martin-Artajo supervised and for whom Grout worked. ...
Aw Snap: Snapchat parent company's value plummets after earnings report image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:22:36 PM
....Snapchat’s parent company Snap Inc lost nearly a quarter of its value on Wednesday when its newly listed shares went into a nosedive after the company reported a $2. 2bn loss and slowing growth. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
....Shares in the bank – which has reported nine consecutive annual losses since its rescue by the taxpayer – are trading at about 224p. This is the first time Hammond has acknowledged that the shares are likely to be sold at a loss to the taxpayer, although Hammond’s predecessor George Osborne sold off a 5% stake in 2015 at 330p a share – a £1bn loss. ...
Tesco warned over cost of £3.7bn Booker takeover image
Source : BBC [Read Article] Monday 27th of March 2017 06:47:15 PM
....Since becoming chief executive in 2014, Mr Lewis has worked on turning around the crisis-hit supermarket which reported a £6. 4bn loss in 2015 - the worst in its history. ...
E.On clears up the past with €16bn full-year loss image
Source : BBC [Read Article] Wednesday 15th of March 2017 08:16:40 AM
....The full-year figure is more than double the €6. 3bn loss it reported in the previous year. ...
Losses of £58bn since the 2008 bailout – how did RBS get here? image
Source : Guardian [Read Article] Friday 24th of February 2017 06:23:52 PM
. Sir Howard Davies, chair of Royal Bank of Scotland, described the £7bn loss the bank rang up last year as “stark”. ...
RBS leads FTSE 100 lower as losses mount image
Source : BBC [Read Article] Friday 24th of February 2017 09:10:51 AM
....Shares in RBS fell 4. 5% after the bank reported a £7bn loss for 2016, far worse than the £2bn deficit posted in the previous year. ...
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....It recorded a pre-tax profit of $409m (£326m), compared with a $1. 5bn loss the year before, after paring back costs following a restructuring programme which has led to thousands of job losses. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
. Royal Bank of Scotland has reported a new £7bn loss – its ninth consecutive year deep in the red – which has taken its total losses since the 2008 financial crash to more than £58bn. ...
Treasury plan may allow RBS to avoid selling 300 branches image
Source : Guardian [Read Article] Friday 17th of February 2017 09:29:15 PM
....The UK’s decision to leave the EU led to speculation that the government would try to release RBS from the obligation to sell the branches, which were to be known as Williams & Glyn, although the Treasury insisted it would still meet the state aid rules. The announcement came after the stock market closed on Friday and a week before the bank’s results for 2016, which analysts had expected to show a £6bn loss even before the latest £750m hit. ...
RBS braced for multi-billion-pound settlement for loan-misselling scandal image
Source : Guardian [Read Article] Wednesday 25th of January 2017 09:20:18 PM
....The uncertainty about the size of the bill has been among the reasons cited by the chancellor, Philip Hammond, for abandoning any hopes of selling off any more shares in the bank. So far, only a 5% stake has been sold off – at a £1bn loss to the taxpayer. ...
Blackrock becomes biggest Lloyds bank shareholder image
Source : Guardian [Read Article] Sunday 8th of January 2017 03:40:57 PM
.... António Horta-Osório, Lloyds’ chief executive, said the latest sell-off was a key milestone for the bank. The government stake in Royal Bank of Scotland remains at 73% after Osborne sold off 5% in August 2015 at a £1bn loss. ...
MPs to test rules aimed at insuring against UK bank bailouts image
Source : Guardian [Read Article] Monday 19th of December 2016 10:57:39 AM
....Last month, RBS failed the Bank of England’s stress test – an annual health check of the sector introduced after the crisis – in a move exacerbating the problems facing Philip Hammond in reducing the taxpayer stake below 73%. The chancellor said in October that a sale of any more shares in RBS was not practical after his predecessor George Osborne sold off a 5% stake at a £1bn loss in August 2015. ...
Government's Lloyds share sale takes stake to below 7% image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:13:07 AM
....While the government is selling off its stake in Lloyds, it retains a 73% stake in Royal Bank of Scotland which it also bailed out during the financial crisis. Hammond said in October that the time was not right to sell its stake in the Edinburgh-based bank, in which a 5% stake was sold in August 2015 at a £1bn loss. ...
Turn RBS into a building society says Co-op party chief image
Source : Guardian [Read Article] Sunday 11th of December 2016 02:00:28 PM
....When George Osborne was chancellor he commissioned work on breaking up RBS into a “good” and “bad” bank, which stepped back from a full carve-up. He later sold off a 5% stake at a £1bn loss. ...
Government stake in Lloyds Banking Group now less than 8% image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 03:03:37 PM
.... While the stake in Lloyds is falling, the government is holding on to its 73% stake in Royal Bank of Scotland. Hammond said last month that the time had not come to sell off any more of the shares in the Edinburgh-based bank, in which only a 5% stake was sold in August 2015 at a £1bn loss. ...
HSBC calls for Theresa May to clarify status of EU nationals image
Source : Guardian [Read Article] Monday 7th of November 2016 12:01:55 PM
....In the third quarter, the $1. 7bn loss on the sale of the Brazilian business helped reduce profits to $843m from $6bn in the same period a year ago. ...
HSBC boss urges government clarity on EU workers in the UK image
Source : BBC [Read Article] Monday 7th of November 2016 07:16:23 AM
....HSBC took a $1. 7bn loss on the sale of its Brazilian unit, and it also pointed to customer compensation in America and currency moves for the fall in profits. ...
Deutsche Bank reports profit despite 'tough' environment image
Source : BBC [Read Article] Thursday 27th of October 2016 06:26:11 AM
....Deutsche Bank has reported a small third-quarter profit, beating very low expectations. The bank reported a profit of €278m (£248m), a big turnaround from a €6bn loss in the same period last year. ...
Setback for RBS in sale of 315 branches image
Source : BBC [Read Article] Tuesday 20th of September 2016 08:13:32 PM
....The sale also comes at a time when banks are reducing the size of their branch networks as more customers are banking online. Last month RBS reported a $2bn loss for the first six months of the year, which it blamed on past issues, including the mis-selling of payment protection insurance. ...
RBS: Big firms 'stepping back' from investing after Brexit image
Source : BBC [Read Article] Friday 5th of August 2016 12:29:46 PM
....Royal Bank of Scotland chief executive Ross McEwan says that while many areas of business have not been affected by the Brexit vote, the one noticeable difference is that big firms are "stepping back" from investment decisions "until they get more certainty". He made his remarks as RBS reported a £2bn loss for the first six months of the year, which the chief executive blamed on "legacy issues". ...
FTSE 100 ends up but RBS shares hit by more losses image
Source : BBC [Read Article] Friday 5th of August 2016 07:52:40 AM
....However, Royal Bank of Scotland shares dived 7. 19% after it reported a £2bn loss for the first half of the year, which it blamed on "legacy issues". ...
First TV interview with £1.4bn loss trader image
Source : BBC [Read Article] Monday 1st of August 2016 04:14:38 AM
...
BP profits hit by lower oil price image
Source : BBC [Read Article] Tuesday 26th of July 2016 07:24:34 AM
.... Including these charges and other items, BP reported a $2. 2bn loss on a non-underlying replacement cost basis, compared with a $6. ...
Microsoft's cloud unit boosts profits image
Source : BBC [Read Article] Tuesday 19th of July 2016 08:45:49 PM
....That was far better than the $3. 2bn loss for the same period last year when Microsoft booked hefty charges on writing down the value of mobile phone assets it bought from Nokia. ...
Fifteen years in the world of food image
Source : Guardian [Read Article] Saturday 14th of May 2016 11:04:09 PM
.... As the discounters Aldi and Lidl saw their joint share of the market double in three years, Tesco only crept back into profit after posting a £6. 4bn loss in 2015. ...
RBS: no evidence of criminal behaviour, rule prosecutors image
Source : Guardian [Read Article] Thursday 12th of May 2016 12:56:29 PM
....RBS has not yet reported an annual profit since its bailout and has amassed more than £50bn of losses in the eight years since taxpayers stepped in to stop its collapse. The government has also found it difficult to extricate itself from the bank, selling off a 5% stake in August for a £1bn loss. ...
RBS reveals £1bn loss and Swiss inquiry into Coutts subsidiary image
Source : Guardian [Read Article] Friday 29th of April 2016 08:11:49 AM
. Royal Bank of Scotland has revealed that Swiss authorities are scrutinising its Coutts subsidiary as it reported a near £1bn loss for the first three months of 2016. ...
Departed Volkswagen boss Martin Winterkorn gets £13m pay package image
Source : Guardian [Read Article] Thursday 28th of April 2016 12:35:05 PM
....9m relates to his performance for the year in which the scandal broke and led VWto a €4. 1bn loss. ...
Diesel crisis deepens as German brands recall 630,000 cars image
Source : Guardian [Read Article] Friday 22nd of April 2016 07:57:02 AM
.... BMW, which invested in fuel-saving technologies earlier than most rivals, is not part of the recall, the official said. Related: Volkswagen takes €16bn hit for diesel scandal as it makes €4bn loss. ...
How the UK steel crisis unfolded image
Source : Guardian [Read Article] Wednesday 20th of April 2016 02:10:10 PM
....Tata suffers a record £1. 2bn loss for the year to March 2013, triggering speculation that it is looking to sell some or all of the UK business it bought in 2007. ...
Executive gravy train hasn’t hit the buffers yet image
Source : Guardian [Read Article] Sunday 17th of April 2016 06:05:16 AM
.... Dudley’s £14m adhered to BP’s approved polices – targets for safety, cash flow, etc were hit – but the sheer sum of money was deemed offensive, especially when BP had made a record $6. 5bn loss. ...
Profit on RBS stake sale will be tricky, warns outgoing Treasury chief image
Source : Guardian [Read Article] Thursday 14th of April 2016 07:22:35 AM
....Fresh doubt has been cast on the ability of George Osborne to sell offthe state’s remaining stake in Royal Bank of Scotland at a profit followingremarks by the outgoing head of the Treasury. The chancellor sold off the first tranche of a 79% stake in the bailed-out bank in August at a £1bn loss and Sir Nicholas Macpherson, the outgoing permanent secretary, has admitted the rest may have to be sold below the break-even price. ...
Tesco shares hit by warning on outlook image
Source : BBC [Read Article] Wednesday 13th of April 2016 06:21:45 AM
....Mr Lewis hailed the supermarket's £162m statutory pre-tax profit for the year to 27 February, compared to last year's £6. 3bn loss, as "significant progress". ...
Co-op steps up closures earmarking 300 stores image
Source : Guardian [Read Article] Tuesday 12th of April 2016 03:45:33 PM
.... The company made a £2. 5bn loss that year following the discovery of a £1. ...
Reject BP's chief's pay, shareholder group says image
Source : Guardian [Read Article] Monday 11th of April 2016 09:06:12 AM
....6m as the oil company racked up a record $6. 5bn loss caused by the tumbling oil price and cut thousands of jobs. ...
Phones 4U founder: Hysteria over Brexit image
Source : BBC [Read Article] Tuesday 5th of April 2016 10:12:39 AM
....Phones 4U founder John Caudwell has said there is "a lot of hysteria" spoken about Brexit and it was "rubbish" to suggest three million jobs would be lost if Britain left the EU. Speaking to the BBC's Today programme, Mr Caudwell said Britain suffered an annual £8bn loss because of its contribution to Europe. ...
Peabody Energy on verge of bankruptcy image
Source : BBC [Read Article] Wednesday 16th of March 2016 03:04:14 PM
....Peabody Energy had $6. 3bn in debt at the end of 2015 and made a $2bn loss as coal prices fell. ...
RBS to cut almost 450 investment banking jobs in UK image
Source : Guardian [Read Article] Tuesday 15th of March 2016 05:32:35 PM
....The move comes just days after RBS announced it would lay off 550 investment advisers, replacing them with an automated system that will offer advice based on customers responses to a series of questions. The bank, which was bailed out during the financial crisis, reported a £2bn loss for 2015, its eighth annual loss in a row. ...
RBS pays share bonuses worth £17.4m to top management team image
Source : Guardian [Read Article] Tuesday 8th of March 2016 04:41:34 PM
....The £17. 4m of share awards were announced to the stock market less than a fortnight after RBS reported a £2bn loss for 2015 – taking the total losses to more than £50bn since its 2008 bailout when taxpayers pumped £45bn into the bank. ...
RBS revival postponed for yet another year image
Source : Guardian [Read Article] Friday 26th of February 2016 11:10:50 AM
RBS crisis: Taxpayer-funded bank posts £2bn loss sparking massive share plunge image
Source : Daily Express [Read Article] Friday 26th of February 2016 10:54:00 AM
....It is the third year in a row the New Zealander, whose base salary is already £1m a year, will have forfeited part of his pay package. This year's £2bn loss is an improvement on the £3. ...
RBS pays chief executive Ross McEwan £3.8m as it reports £2bn loss image
Source : Guardian [Read Article] Friday 26th of February 2016 07:34:49 AM
....The results – which followed a £3. 5bn loss a year ago – mean that the bank has incurred more than £50bn of losses since 2008, when £45bn of taxpayer funds was used to prevent it from collapsing. ...
Woolworths suffers $1bn loss as Masters debacle and price war take their toll image
Source : Guardian [Read Article] Thursday 25th of February 2016 10:13:06 PM
. Woolworths has announced a $1bn loss in the first half and appointed a new chief executive to revive the business. ...

Shares in Standard Chartered plunge after bank reports $1.5bn loss
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Source : Telegraph [Read Article] Tuesday 23rd of February 2016 09:24:53 AM

BHP Billiton slashes dividend after slumping to $5.7bn loss
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Source : Telegraph [Read Article] Monday 22nd of February 2016 11:47:19 PM
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Related to :
FTSE 100 closes higher as oil recovers, but pound slides as Boris backs Brexit  image
HSBC profit falls as it warns of bumpy financial outlook image
Source : Telegraph [Read Article] Monday 22nd of February 2016 07:44:55 AM
.... HSBC, which last week revealed it will keep its headquarters in London, unexpectedly announced a $1. 3bn loss for the final quarter of 2015, compared with a $511m profit in the same period the previous year. ...
EU probes cheap Chinese steel imports image
Source : BBC [Read Article] Friday 12th of February 2016 11:25:48 AM
....Also in October, Thailand's SSI announced it was closing down its Redcar works with the loss of 2,200 jobs, then parts of Caparo Industries' steel operations went into administration putting 1,700 jobs potentially at risk. Last week, the Luxembourg-based steel giant ArcelorMittal blamed China for its $8bn loss last year. ...
Tullow Oil vows to cut costs further after $1bn pre-tax loss image
Source : Guardian [Read Article] Wednesday 10th of February 2016 12:43:06 PM
....6bn, forcing Tullow to write off $749m in exploration costs and slash the value of equipment and property by $406m. While the result was an improvement on last year’s $2bn loss, shares in the company plunged more than 10% on Wednesday morning, making it the biggest faller on the FTSE 250. ...
Deutsche Bank shares climb as bosses back up tough talk with cash image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 10:59:31 AM
.... The beleaguered bank made a €6. 8bn loss in 2015, which dented confidence in a market already spooked by negative interest rates and slowing economic growth in China. ...
Hornby shares plunge following post-Christmas sales slump image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 10:38:58 AM
....1m in 2014, as the company battled operational issues, having gone off the rails the previous year with a £1. 1bn loss. ...
Royal London warns banks: the days of bonuses for failure are over image
Source : Telegraph [Read Article] Monday 8th of February 2016 08:41:44 PM
.... Deutsche Bank's boss John Cryan also said he will take no bonus at all after the bank made a €6. 8bn loss. ...
BG Group posts profit ahead of Shell takeover image
Source : Telegraph [Read Article] Friday 5th of February 2016 09:16:48 AM

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