Barclays boss investigated over attempts to unmask whistleblower

Barclays and its chief executive Jes Staley are being investigated by regulators over his attempts last year to unmask a whistleblower who had raised questions about a recently recruited senior executive. The bank said it would formally reprimand Staley and cut his bonus by a “very significant” amount, but is supporting him unanimously. Staley, More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Saturday, April 8th, 2017
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Banks likely to slash interest rate on savings accounts and deposits this fiscal

It’s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The government has announced lowering of interest rates on financial More...

By subhadip On Monday, February 13th, 2017
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Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer

] When Lloyds Banking Group last week finally accepted responsibility for compensating the small business customers who were victims of a £245m fraud involving HBOS Reading, it was again forced to face up to the More...

By subhadip On Monday, February 13th, 2017
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Instead of draining the swamp, Trump has become Wall Street’s best buddy

President Trump was an accident waiting to happen. The US had entered a zone of fragility: there were too many inequalities, grievances and accompanying disillusion in a system felt not to work . A chief reason More...

By subhadip On Monday, February 13th, 2017
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For sale: Co-op Bank looks for buyers

The Co-operative Bank has put itself up for sale – four years after it nearly collapsed and had to be bailed out by US hedge funds. Amid persistent speculation over its long-term future, the bank said its board More...

By subhadip On Friday, February 3rd, 2017
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Banks’ duty to provide free ATMs and keep branches open

I note the current negotiations over the future of the ATM network (Fees row may lead to charge for Link cash machine withdrawals, 19 January). In 2005, I led a Treasury committee inquiry into cash machine charges More...

By subhadip On Friday, February 3rd, 2017
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Deutsche Bank pulls out of coal projects to meet Paris climate pledge

Deutsche Bank, the biggest bank in Germany, has said it will stop financing coal projects as part of its commitments under the Paris agreement to tackle global warming. “Deutsche Bank and its subsidiaries will More...

By subhadip On Friday, February 3rd, 2017
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HBOS manager and other City financiers jailed over £245m loans scam

A group of bankers who ran an “utterly corrupt scheme” that left hundreds of small business owners “cheated, defeated and penniless” have been sentenced to almost 50 years in jail. Lynden Scourfield, a More...

By subhadip On Thursday, January 19th, 2017
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Financial innovation – a lifeline for SME funding

Financial innovation is unlocking additional funding for small businesses that have been declined by their bank. Katrin Herrling, co-founder and CEO of Funding Xchange, explores. The reluctance of banks to lend More...

By subhadip On Thursday, January 19th, 2017
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Daimler Financial Services buys PayCash Europe

Daimler Financial Services is acquiring e-payments services provider PayCash Europe, based in Luxembourg. This will enable Daimler to launch its own e-payments service under the Mercedes Pay brand. Bodo Uebber, More...