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 nasty surprises that lurk inside the once fast- growing bank it took over during the 2008 crisis. As the judge sentenced former HBOS Reading More...

by subhadip | Published 1 week ago
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...

By subhadip On Thursday, January 19th, 2017
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Credit Suisse EMEA to outsource structured product business to Delta Capita

Delta Capita has been appointed as managed service provider to Credit Suisse EMEA Structured Products business. A number of existing Credit Suisse team will transfer to Delta Capita as part of the deal. “New More...

By subhadip On Thursday, January 19th, 2017
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Blockchain can help investment banks save $8bn per year, Accenture says

Accenture and operations benchmarking consultancy firm McLagan evaluate the applications of distributed ledger technology (DLT) in investment banking operations in the “Banking on Blockchain” report. For the More...