Category: LEGAL NEWS


Why Bank Bosses Partying at Gleneagles Is a Crisis Warning Indicator

Huffington Post By Ian Fraser 1-12-2015 Award winning journalist and commentator What is it about the Gleneagles Hotel and the Scottish banks? Is there something in the water at the opulent 1920s Perthshire spa and golfing resort – or perhaps…

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Swaps and the FCA Review process: is the Review working?

By Cat Maclean Partner and Solicitor Advocate, Head of Dispute Resolution at MBM Commercial LLP Some 3 and a half years have now passed since the FCA announced a Review into the missale of interest rate hedging products, or swaps. Although…

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RBS: STRIPPING SMALL BUSINESSES, BOOSTING BIG BANKS AND GETTING AWAY WITH IT

Real Media By By Kam Sandhu 27-11-2015 ‘Taking on a bank, especially what was the largest bank in the world at one stage, I’m just a bricklayer, and it really is stressful as an SME to take on these people,’ Clive…

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HBOS collapse: KPMG may face inquiry over its role in the lender’s collapse

Independent Ben Chu Deputy Business Editor Friday 20 November 2015 Report details how accountancy giant failed to raise alarm over quality of failed bank’s loan book The “big four” auditing firm KPMG has found itself under renewed pressure over its role in signing…

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Ex-Anglo boss David Drumm told to accept extradition or be jailed

Irish Mirror 17:56, 24 NOV 2015 By Pat Flanagan Drumm has also been saddled with debts of over €10million after his appeal against a decision denying him bankruptcy in the US was kicked out of court David Drumm Runaway banker David…

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fraud and dishonesty “at the highest level of RBS”

Scottish Legal News LIBOR, Property Alliance Group PLC v RBS, RBS November 17, 2015 The latest on swap litigation: fraud and dishonesty “at the highest level of RBS” In a major development in swaps litigation, an explosive judgement issued on Friday 13th November…

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Tyrie to warn Bank of threat to bond market as liquidity falls

The Telegraph By Rebecca Burn-Callander 11:16PM GMT 15 Nov 2015 Tory MP Andrew Tyrie has asked for a detailed explanation on how Mark Carney plans to avoid ‘a vicious circle of declining liquidity’ There are reasons for concern that market…

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Banking Reform Loose Canon

The Guardian Giles Fraser Learning to trust bankers again is the very worst thing we could do Pedestrians walk past the Bank of England. ‘With all that money sloshing about, the real moral hazard of the financial services industry is…

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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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NatWest Admits Signature Forgery on Loan Documents

MapleLeaf Financial December 12, 2011 Posted by Tim Capper How would you feel if you discovered your high street bank had forged your signature on a document? It sounds fanciful, or even in the realms of conspiracy theory, but this…

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