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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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‘Pete the Greek’ will not face Libor action

Caroline Binham, Financial Regulation Correspondent © A UBS banker at the heart of the Libor-rigging scandal will have no enforcement action taken against him, after the UK financial watchdog failed to persuade its own legal panel of experts of its case. Panagiotis Koutsogiannis, who…

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Ruling raises hope of suing over mis-sold rate swaps

The Times James Hurley Enterprise Editor 31-7-2015 The landmark High Court ruling means victims may be able to sue their bank Dan Kitwood/Getty Images Thousands of businesses angry at the outcome of the financial regulator’s compensation scheme for victims of…

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Taxpayers lose £1.1bn on RBS shares sale

The Times Harry Wilson, Katherine Griffiths 5-8-2015 RBS has had a tumultuous recent history since Fred “the Shred” Goodwin quit in 2009 after the bank was nationalised   David Cheskin/PA Royal Bank of Scotland’s share price hit its lowest level…

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Ban ‘no threat’ to Promontory’s high ground over RBS inquiry

The Times James Hurley Enterprise Editor The New York State department of ­financial services has accused Promontory of show a “lack of independent judgment”  Spencer Platt/Getty Images Promontory Financial Group’s role in producing a long-awaited report into Royal Bank of…

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The neverending misery of Britain’s bailout of RBS

In need of repair. (Reuters/Andrew Winning)  For what is billed as Britain’s biggest privatization push since Thatcher, things have kicked off with a whimper. Nearly seven years after the UK government bailed out RBS, once the world’s largest bank by…

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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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RBS share sell-off is given the green light

The Times Harry Wilson and Katherine Griffiths Last updated at 12:01AM, July 31 2015 The government is set to launch its first sale of Royal Bank of Scotland shares since the lender’s £46 billion taxpayer-funded rescue nearly seven years ago,…

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Regulators struck secret deal to dilute damages paid by big banks

The Times Harry Wilson City Editor Regulators reached a secret deal with the biggest banks to water down a multibillion-pound scheme to compensate customers mis-sold complex interest rate derivatives blamed for bankrupting hundreds of businesses. Documents seen by The Times…

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Fired FCA boss Martin Wheatley hits out at Osborne and big banks

The Times Harry Wilson City Editor Published at 12:01AM, July 23 2015 Martin Wheatley said some areas of the City still had “much further to go” The ousted boss of the City watchdog has taken a coded swipe at the…

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