Category: All Banks


LEXLAW Case Study: RBS pay £1m to settle derivatives mis-selling claim with social care provider

Posted on: July 2, 2016 The Royal Bank of Scotland PLC (RBS.L) has been forced to settle a High Court claim [1] over the mis-selling of two complex collar derivatives [2] in 2007 to Mehnaaz Chaudhry, a businesswoman who provides residential care…

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Whistleblowers ‘at risk of betrayal’ by City watchdog

Top MP demands regulator protects informants The FCA had already been warned about its treatment of whistleblower by the parliamentary commission on banking standards in 2013 The Times James Hurley, Enterprise Editor May 14 2016, 12:01am The chairman of the Treasury…

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Top bankers face jail under tough new regime

The Times Aimee Donnellan Published: 6 March 2016 Crackdown: bankers found guilty of reckless misconduct will face jail sentences of up to seven years (Andrea Baldo/Getty Images) TOUGH new rules to punish rogue bankers will come into force tomorrow. Senior bankers…

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SFO rejects claim that it ignored tip-offs

The SFO recently asked the Treasury for £21 million to continue its current investigations Harry Wilson City Editor Published at 12:01AM, February 8 2016 A row has erupted between the Serious Fraud Office and one of London’s leading law firms…

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Former RBS chiefs now control half the ‘challenger banks’ earmarked to reform Britain’s finance industry

Exclusive: Market figures say former RBS coterie carry disproportionate weight in sector’s dealings with the Government James Moore Associate Business Editor @TheIndyBusiness Friday 5 February 2016 “We don’t need smaller versions of the same toxic banking culture, which refuses to act in the interests…

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£12BILLION… The slump in profits from the taxpayer bailout of the banks in just seven months

By Alex Hawkes Financial Mail On Sunday PUBLISHED: 21:56, 6 February 2016 | UPDATED: 13:34, 7 February 2016 Grim: George Osborne claimed in June that the Treasury’s original stakes in RBS, Lloyds, Northern Rock and others would yield a £14…

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More than £40bn wiped off value of UK’s biggest banks since start of year in blow to millions of investors and pension savers

More than £40bn has been wiped off the value of the UK’s biggest banks since the start of the year in a blow to millions of investors and pension savers. While all eyes have been on the rout in the…

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Banker who won £3.2m following employment tribunal sues former colleagues for libel

The Telegraph By Agency 11:17AM GMT 26 Jan 2016 Banker who won a £3.2 million payout after suffering a mental breakdown is now suing two of her male former colleagues for libel A banker who won a £3.2 million payout after suffering…

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Jail Crooked ‘Fat Cat’ Bankers Don’t Reward Them!

Campaign created by Scott Simpson 10-1-2016 TO: GEORGE OSBORNE Restart the Financial Conduct Authority Investigation into Banking Culture Why is this important? We The TAXPAYERS Need to Change UK Banking Culture and STOP Product Mis-selling, Dodgy Loans, LIBOR Rigging and Huge…

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Corporate FatCat’s Beware

Evening Standard Martin Bentham Wednesday 6 January 2016 Fraud chief calls for tougher corporate prosecution laws Reforms: Serious Fraud Office chief David Green says large businesses with a culture of criminality are “not being brought to justice” Prosecutors should have US-style…

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