Category: Top Stories


Alarm over return to ‘fatal’ high-risk loans

The Times Katherine Griffiths Banking Editor Last updated at 12:01AM, May 22 2015 Britain’s most senior financial regulator has warned building societies that they must not return to the “fatal” high-risk lending that helped trigger the financial crisis and led to…

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Barclays fined record $2.4bn over forex fix

Barclays paid $2.38bn to the regulators, including £284m to Britain’s financial watchdog Matt Dunham/AP The Times Harry Wilson, City Editor, and Alexandra Frean Published at 12:01AM, May 21 2015 Six of the world’s largest investment banks, including Barclays and Royal…

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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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Fitch hits RBS with debt downgrade as it warns of more losses

The Telegraph By James Titcomb 7:17PM BST 19 May 2015 Ratings agency cuts bank’s credit rating by two notches as it upgrades Lloyds and maintains ratings on Barclays and HSBC RBS is rated the lowest of the big four UK banks…

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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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RBOS & Nomura Breaking Laws in the Mortgage Bubble

The New York Times By THE EDITORIAL BOARD MAY 15, 2015 The government won a big victory this week in a case against two banks that were found to have systematically deceived investors about shoddy mortgage securities they peddled during 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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