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Thursday, September 24, 2020
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CATEGORY

FINANCE

Five banks fined €1.07bn over foreign exchange cartel

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 releases new version of banknote worth €881

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...

Barclays sets aside £150m for Brexit uncertainty as profits edge lower

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...

PwC, EY join consult ban to restore public trust in sector

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

Experts warn Manchester United that great finances are based on great football

Football finance experts have warned Manchester United that their status as the world’s most valuable club will not last if they continue to trail...

German police search Deutsche Bank offices in tax haven case

German authorities have searched the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion that bank employees helped clients set up...

Bank governor warns interest rates could rise in worst-case Brexit scenario

Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends...

Santander sees profits fall amid Brexit uncertainty

High street banking giant Santander has seen UK profits tumble 15% as the group cautioned over stiff competition and Brexit uncertainty. The Spanish-owned lender reported...

Bitcoin to $4000? Blockchain on path to SegWit2x

Cryptocurrencies have bounced back harder than ever with Bitcoin (BTC) gains driving most of the momentum. BTC is currently* trading at $2800.25 which is...

Pound suffers as European Central Bank hints at stimulus curbs

Pound Sterling was wallowing at eight month lows against the euro, as investors continued to trade on news that the European Central Bank may...

Latest news

1,900 complain to Ofcom over BGT episode featuring Alesha Dixon’s BLM necklace

Ofcom has received more than 1,900 complaints over an episode of Britain’s Got Talent which saw Alesha Dixon wear a Black Lives Matter necklace. The...

Judge rules Eric Trump must testify in NY probe before election

Eric Trump must testify in a New York investigation into the family’s businesses before the November presidential election, a judge has ruled. State Judge Arthur...

German prosecutors charge eight more Volkswagen employees over diesel scandal

Charges have been filed against eight more Volkswagen employees accused of involvement in the company’s diesel scandal. Prosecutors in Braunschweig did not identify the eight,...

Tesla CEO Elon Musk unveils breakthrough in battery technology

Tesla is working on new battery technology that chief executive Elon Musk says will enable the company within the next three years to make...

WWE star Road Warrior Animal dies aged 60

WWE star Road Warrior Animal has died at the age of 60. The wrester, real name Joseph Laurinaitis, was one half of the Road Warriors...
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