Archives


Billions in fines won’t change banks’ practices: Bloomberg View

By Syndicated columns Follow on Twitter on May 22, 2015 at 3:55 PM, updated May 22, 2015 at 3:56 PM By Matt Levine This combination made from file photos shows signage for four banks, Barclays, Citigroup, JPMorgan Chase, and the Royal…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

‘In my worst nightmares I never thought that the bank would do this to me

James Hurley Published at 12:01AM, May 5 2015 See also: SBCB TOP STORIES 05/05/2015: RBS Stripped assets of struggling companies: Vampire Division preyed on clients: Racing Car Driver Lawrence Tomlinson with inside track. Surinder Hullait, a Birmingham entrepreneur who developed…

Read More

RBS ‘stripped assets’ of struggling companies

James Hurley Enterprise Editor Published at 12:01AM, May 5 2015 Royal Bank of Scotland was under pressure to strip companies of their assets to improve its balance sheet, The Times can reveal. The bank’s global restructuring group, which was supposed…

Read More

Small firms unite to wage war on RBS

     Banking and Finance Gary Parkinson, James Hurley Last updated at 12:01AM, March 2 2015 More than 250 companies claiming to have been damaged or destroyed by Royal Bank of Scotland’s “turnaround” division have clubbed together to sue the…

Read More

WITNESS CREDIBILITY: WHAT FACTORS DOES THE COURT LOOK AT? ANOTHER EXAMPLE FROM THE MERCANTILE COURT

THE CASE There is an excellent post by Janna Purdie on the Lexis Nexis Dispute Resolution Blog discussing this case in relation to the credibility of witnesses. REVIEW OF GUIDANCE IN RELATION TO CREDIBILITY HH Simon Brown QC reviewed the…

Read More

FCA colluded to cover up alleged HSBC fraud

January 23, 2015 By Ian Fraser When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select Committee at 9.30am next Tuesday, 27 January, the 13 MPs on the committee have an unprecedented opportunity to establish whether the FCA, just…

Read More