Category: HSBC


Banks’ crime fighters want to quit their jobs

The Telegraph By Tim Wallace 12:15AM GMT 17 Nov 2015 Banks are squealing at tough new red tape, but regulators such as the Financial Conduct Authority say they will not back down Banks could face an exodus of crime-fighting staff,…

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FCA and PRA bolster protection for whistleblowers in the financial industry

The Barrister Largest Independent Magazine For Barristers Practising In UK Posted on November 12, 2015 by barrister The FCA and PRA have published new rules on whistleblowing designed to empower individuals to raise concerns within the financial industry. According to…

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Bad bankers are like shoplifters, says George Osborne

The Telegraph By Peter Spence & Tim Wallace It’s wrong that people who steal from shops are jailed, but bad bankers are not held to account Chancellor George Osborne (L), and Mark Carney at the Bank’s Open Forum Bankers who…

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Bank of England’s Carney: Markets ‘tainted’ by misconduct

BBC News 11 November 2015 Image copyright Reuters Image caption Mario Draghi, George Osborne and Mark Carney are attending a public forum on financial markets Bank of England governor Mark Carney says public faith in financial markets has been shaken…

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Does The City Need Anymore Rogue Traders?

The Times Alex Ralph Last updated at 12:01AM, November 9 2015 Rogue Trader Wants To Help Clean Up The City Nick Leeson has co-launched an education, advisory and investigation firm Niall Carson/PA He went down in history as the working…

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Global banks must raise €1.1tn in special debt by 2022

FT Thomas Hale in Basel, Caroline Binham and Laura Noonan in Londo ©PA Mark Carney The biggest international banks must raise as much as €1.1tn by 2022 in special debt designed to prevent taxpayer bailouts of lenders, a global group…

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Government Flying Blind On Banking

Sunday 8th November By Ian Fraser Steve Baker: The government is flying blind on banking 8th November, 2015 In a stark warning to the government, the MP Steve Baker has said we’re flying blind where RBS and the wider banking system…

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George Osborne will be burnt in ‘bonfire of the bankers’

The Times Harry Wilson, Simon English Published at 12:01AM, November 9 2015 Standard Chartered recently announced it was planning to cut 15,000 jobs globally   Yui Mok/PA Huge City job cuts to hit Treasury tax take hardThe Treasury faces losing…

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Iceland does what the US won’t: 26 top bankers sent to prison for role in financial crisis

‘Businessman lighting cigar with $100 dollar bill’ [Shutterstock] Reykjavík, Iceland – In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74…

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‘On the horizon’: UK on brink of ANOTHER catastrophic banking crash, warns insider

The Express  PUBLISHED: 12:02, Fri, Nov 6, 2015 | UPDATED: 16:43, Fri, Nov 6, 2015 BRITAIN’S banking industry has failed to learn a single lesson from the catastrophic crash that brought the economy to its knees, a senior industry figure…

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