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Saturday, November 16, 2019

FINANCE

FINANCE
HSBC dealing with tax evasion charges.

Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...
HSBC CEO steps down.

HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces. The...
RBS increases the dividend.

Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...
Bank of England, Interest Rates,

Bank of England policymakers are set to hold interest rates but slash economic growth forecasts on Thursday as fears of a cliff-edge Brexit mount. The...
British Pound Sterling drops due to Brexit woes.

The pound is heading for its worst month for nearly three years as it continues to tumble amid mounting fears over Boris Johnson’s hard-line...
Bank of England Chief Marke Carney doesn't receive backing by German government for new head of IMF.

The German government said it has not decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund...
Banking, Banks, Finance, JP Morgan, Barclays, RBS, Royal Bank of Scotland, Citigroup, MUFG

Five banks handed a €1.07bn fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced. Barclays and Royal Bank of...

Switzerland’s central bank has unveiled a redesigned version of its 1,000-franc (€881) note. The Swiss National Bank said the overhauled version of its highest-denomination note...

Banking giant Barclays has revealed a £150m hit to cover Brexit uncertainty as it said annual profits edged 1% lower to £3.49bn. The group said it had...
Business, EY, PWC, Consulting,

Two of the Big Four accounting firms said they will stop offering consulting services to audit customers in an effort to restore public trust...