Category: Insurance Fraud


The FCA is still leading businesses up a blind alley

Alison Loveday Managing Partner, Berg The issue of how our biggest banks are treating small businesses continues to cause controversy. Last week, saw Rhino Enterprises try to force Barclays to explain why it pushed the business into administration, while the…

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Banks in line for another £40bn bill as fresh wave of mis-selling and forex rate rigging charges loom

By Alex Hawkes, Financial Mail on Sunday Published: 21:53, 22 August 2015 | Updated: 09:05, 24 August 2015 Britain’s biggest banks are facing a new compensation bill of up to £40billion as a fresh wave of charges over misselling and…

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RBS, Barclays, HSBC, Goldman: White Collar Criminals In Rigged Foreign Exchange Scandal Must Face Jail Time, Say UK Experts

Global Research, August 22, 2015 Financial penalties expected to hit British banks for Forex rigging will do little to tackle financial crime in the City of London as regulators continue to prioritize high finance over ordinary citizens, experts warn. British…

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Quarter of bankers still under pressure to mis-sell

The Telegraph By Tim Wallace 12:01AM BST 17 Aug 2015 Despite multi-billion pound PPI payouts and years of fines for bad behaviour, a substantial proportion of bankers still feel pressure to sell inappropriate products Britain’s banks have paid more than…

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UK bank customers are in line for a ‘£33BILLION windfall’ after a landmark court ruling exposed a new mis-selling scandal ‘bigger than PPI’

UK’s top four banks bracing themselves for huge hit following court ruling In the case, it was decided it was unfair if PPI customers were unaware how much commission their broker was earning If this is applied to all financial products, it…

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Banks braced for mis-selling bombshell

The Sunday Times Aimee Donnellan Published: 9 August 2015 Big lenders warn of potential multi-billion pound compensation claims in new payment protection insurance scandal Landmark ruling on secret PPI commission exposes the big banks to more mis-selling losses. BANKS are bracing…

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So Tom Hayes Is Guilty. Who Else Is?

Truth Out . Org Sunday, 09 August 2015 00:00 Written by  James Kwak By James Kwaq The Baseline Scenario | News Analysis Tom Hayes was a trader at UBS and Citigroup who was very, very good … at rigging LIBOR. This week, he…

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Fraud Office attacks flawed crime reports

The Times Harry Wilson 27th August 2014 David Green: against businesses commissioning their own reports into misbehaviour Richard Pohle /The Times The Serious Fraud Office has criticised the recruitment of “independent” experts to investigate criminal behaviour in companies, warning that…

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Harsh sentence is warning to other crooked bankers

The Times Harry Wilson City Editor The rogue UBS trader Kweku Adoboli was handed seven years for £1.5 billion trading fraud Lawyers said that the 14-year sentence handed to Tom Hayes pointed to much harsher treatment for crooked City bankers…

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Insolvency Costs Project

“Counting the Social Costs of Creditor Misconduct”   Introduction The misconduct of banks and other creditors when dealing with small businesses can have grievous consequences, in some cases causing enterprises that may have long term viability to collapse due to…

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