09/30/2012
More than 40,000 interest rate swaps could have been mis-sold to small businesses by their lenders, according to a revised estimate of the potential scale of the scandal by the Financial Services Authority.
09/30/2012
The 51-year-old admitted that he was not "whiter than white" and had paid an overall rate of just 39pc in the last financial year, as he makes the majority of his money from dividends rather than salary, which are taxed at a lower rate.
09/30/2012
The US firm is understood to have regained its place on the panel after the Frankfurt-headquartered bank completed its rejig of the roster towards the end of September.
09/27/2012
The London real estate market was abuzz.
09/27/2012
A report into the Libor rate rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it.
09/26/2012
“Who is responsible for what between manufacturer, wholesaler, distributor and consumer?"
09/26/2012
Mike Dailly from the Financial Services Consumer Panel argued this would also make it easier to deal with poorly behaved bankers.
09/26/2012
"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.
09/26/2012
She joins Liedekerke after more than 15 years’ experience as an in-house tax professional.
09/26/2012
The Financial Policy Committee has today published the record of its meeting held on 14th September - alongside this the FSA has published more details of the adjustments made to the liquidity and capital regimes for UK banks and building societies.
09/25/2012
He most recently worked for specialist tax practices linked to the Lloyd’s insurance market.
09/25/2012
“Taxpayers’ money should not be funding tax dodgers,” he told the Liberal Democrat conference. “So I have tasked HMRC and the Cabinet Office to come up with a workable solution to this problem and we will set out more details later
09/25/2012
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret.
09/24/2012
Banco Santander has hired Uría Menéndez corporate finance partner Javier Illescas as the Spanish bank restructures its legal department into two separate divisions, business legal affairs and internal legal affairs.
09/24/2012
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.
09/23/2012
“I want to reward people who put in a proper shift, not those who sit on a fortune; people for whom a bonus means a few extra quid at Christmas, not a million-pound windfall,” Clegg said.
09/23/2012
When the £290m fine for Libor-fixing was announced in June this year, Diamond was not found to be involved.
09/23/2012
The Financial Services Authority is proposing tough new powers to tackle banking malpractice in the wake of the Libor-rigging scandal.
09/23/2012
“It came to our attention that a substantial amount in three bank accounts in Dublin were way in excess of what was needed to run the nunciature."
09/23/2012
Cirencester legal practice expands
Wilmot’s managing partner Michael Grenfell said the move would support the firm’s expansion.