08/05/2012
More than 10 million customers with paid-for bank accounts will receive letters assessing their eligibility for the products within the next 18 months, potentially sparking a scramble for compensation to rival the PPI mis-selling scandal.
08/05/2012
The new financing arrangements amount to up to £950m, with pre-agreed capacity to increase to £1bn.
08/05/2012
A writ lodged in the High Court by Dutch pension fund Vervoer alleges that Goldman’s proprietary trading desk was short-selling mortgage-backed securities “on a very large scale to profit from falling prices” in the middle of 2007.
08/05/2012
It labelled UK-based Standard Chartered a "rogue institution".
08/02/2012
All banks, building societies and investment firms with assets of more than £50bn to be hit by proposals.
08/02/2012
The news was revealed in its first-half results in which it apologised for the Libor rate rigging scandal and posted better-than-expected underlying half-year profits of £4.2bn.
08/02/2012
The lender filed in June to dismiss those lawsuits, which have been consolidated for pre-trial purposes in federal court in New York.
08/02/2012
They led to an unacceptable risk that TBUK could have been used to launder money
08/02/2012
The group, which targets the so-called ‘shadow banking’ sector not currently under the eye of regulators, is a response to the reluctance of traditional banks to lend, with ACPs taking their place.
08/01/2012
Former employee says 150,000 private shareholders 'baffled, startled and angered' by European court of human rights decision
08/01/2012
This is an integral part of the ongoing maintenance and consulting support that we provide to our ABACUS/Solvency II clients.”
08/01/2012
The charges made public Wednesday concern a failed takeover bid for Alpha Bank by National Bank of Greece in early 2011. Morgan Stanley acted as an adviser for NBG in its bid.
07/31/2012
Police took away “numerous documents, computer information and emails” from the bank’s office, according to a statement from the authorities, who are investigating whether Barclays manipulated Euribor “just as it did with Libor&
07/31/2012
Mr Green did not specify the precise charges that could be brought but it is possible bankers found guilty of manipulation could receive prison sentences of up to 10 years.
07/31/2012
In a judicial letter the investors claimed they were forced to accept the bank’s compensation offer last year even though the financial services authority was still investigating BOV’s failures.
07/31/2012
City watchdog the Financial Services Authority fears the accounts, which offer perks like travel insurance, money-off vouchers and breakdown cover, are virtually useless for millions who sign up to them.
07/31/2012
Anyone buying shares in some of France's biggest companies will now pay a controversial new tax on the transaction.
07/31/2012
Two top judges slammed Britain's fraud-busting agency on Tuesday for obtaining search warrants unlawfully during a controversial probe into property magnates Vincent and Robert Tchenguiz, dealing a fresh blow to embattled investigators.
07/30/2012
The bank declined to comment yesterday on reports that the confidential settlement included a write-off of swaps and loans worth €30 million, in addition to payment of Mr Agar’s legal fees of €1 million.
07/30/2012
It is also consistent with the recent European Commission Communication on Corporate Social Responsibility (CSR)2 and linked to other financial reforms aimed at helping to rebuild confidence in European financial markets amongst retail investors.