01/03/2015
The Royal Bank of Scotland is to slash its bonus pool for bankers this year in response to an EU clampdown and a swathe of swingeing fines from regulators.
01/03/2015
The Business Secretary wants to extract a promise from bank executives over the closure of rural branches
01/02/2015
HM Revenue & Customs has indicated a review is under way of the complicated rules that an offshore pension has to meet to become a QROPS.
01/02/2015
Mario Draghi, the president of the European Central Bank, may be pushing hard for a weaker euro to spur growth in Europe, but his central bank peers seem to be several steps ahead of him.
01/01/2015
The FCA issued a total of over £1.4bn in fines in 2014 against a total of 37 firms. This is a massive 210 per cent increase on the £474.2m issued in fines in 2013.
12/31/2014
The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA
12/31/2014
For banks, 2014 was the year of penalties
12/31/2014
If we had some interest rate margin left, there would have been a unanimous decision to cut rates.
12/31/2014
The consultation was conducted by the Ministry of Financial Services and Commerce.
12/29/2014
The legal wrangling isn’t entirely over
12/29/2014
LAW firm Cripps has seen turnover grow by 25 per cent in the first half of its current financial year.
12/28/2014
The pension details are contained in a response to a Freedom of Information request from the EA
12/28/2014
However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.
12/28/2014
Collardi minimized the importance of competition provided by banks in Singapore
12/26/2014
A crackdown on inside trading in China since the second half of last year has resulted in 39 suspects from over 20 financial institutions being handed over to police
12/25/2014
The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.
12/24/2014
Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts.
12/24/2014
Royal Bank of Scotland has frozen the bonuses of 18 traders as part of a continuing review of the alleged rigging of foreign exchange rates.
12/24/2014
The UK is to widen the scope of laws that make rigging of market benchmarks a criminal offence to include seven more rates covering the currency, gold, oil and silver markets by next April.
12/24/2014
The central bank this week put National Bank Trust, Russia’s 15th biggest by retail deposits, under the control of the Deposit Insurance Agency.