Category: Serious Fraud Office


RBS Assessing Conduct, Mulling Bonus Cuts After Currency Fine

Bloomberg Business by Richard Partington 4:19 PM BST May 20, 2015 Royal Bank of Scotland Group Plc is assessing the behavior of employees at its investment bank and considering bonus cuts after taking a $669 million fine from U.S. authorities for…

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Barclays and RBS among five major banks set to be fined £3.8bn by U.S. authorities for rigging foreign currency rates

By James Salmon for the Daily Mail Published: 22:00, 17 May 2015 | Updated: 22:58, 17 May 2015   UK giants as well as Citigroup, JP Morgan and UBS expecting huge fines Rogue traders, banks and brokers conspired to rig forex market…

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Social purpose cast aside as RBS crushes small businesses for profit

Move Your Money May 18, 2015 A modern society cannot function without banks. Whether it’s to provide a place to store your money, create payments between people and businesses, or to provide credit to those who need it, banks perform…

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Lloyds alleged to have ‘artificially distressed’ small business customers

Financial Times May 17, 2015 8:14 pm Jane Croft Lloyds Banking Group “artificially distressed” small business customers after they were “cynically” transferred to a support unit as banks sought to bolster their own balance sheets in the wake of the financial…

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Will we ever get our money back on RBS? George Osborne wants to start selling off the bank in the next year, but can it be done at a profit?

The Telegraph By James Titcomb 2:00PM BST 16 May 2015 Six and a half years ago, the Chancellor of the Exchequer, a clutch of ministers and civil servants, and the bosses of Britain’s banks huddled around a table at the…

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SBCB quick to respond to Sir Phillip Hampton’s denial

Letters to the Editor Published at 12:01AM, May 11 2015 Sir, Your leading article (“Asset Turnover”, May 7) claims that Royal Bank of Scotland systematically pushed small and medium-sized businesses into default to improve the bank’s balance sheet. We strongly…

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Barclays and Royal Bank of Scotland hit with penalties worth nearly £3bn for rigging foreign exchange markets

By City & Finance Reporter for the Daily Mail Published: 21:55, 10 May 2015 | Updated: 21:55, 10 May 2015 Barclays and Royal Bank of Scotland will this week be hit with penalties worth nearly £3bn for rigging the foreign…

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Goliath may have bullied the little man, but don’t forget the Philistines

The Times Published at 12:01AM, May 6 2015 Royal Bank of Scotland has behaved reprehensibly. Its “global restructuring group” has driven countless small businesses into bankruptcy in an attempt to shore up its own dire finances. GRG staff were trained…

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RBS stands accused of forcing companies into default to improve its balance sheet

  The Times Published at 12:01AM, May 7 2015 The language of finance can be arcane but the business of commercial banking is simply defined. Banks put together people who have capital and want a return on it with businesses…

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Tyrie demands Commons recall for RBS in ‘asset-stripping’ row

  The Times James Hurley Published at 12:01AM, May 6 2015 Royal Bank of Scotland must explain to MPs whether it misled them over the activities of its global restructuring group, Andrew Tyrie said yesterday. The most recent chairman of…

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