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Thursday, October 28, 2021
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Barclays fined £26m over treatment of credit customers during pandemic

Britain’s very own Barclays Bank is being fined £26m over the treatment of some credit customers who fell in arrears or experienced financial difficulties. The...

Investec to slash 210 UK banking jobs

Investment banking giant Investec has confirmed plans to axe 210 jobs at its London headquarters after battling the “challenging economic backdrop”. The company said it...

Credit Suisse to shut 37 bank branches in Switzerland

Swiss bank Credit Suisse said it plans to close 37 branches in its home country as part of an effort to streamline its business,...

Shareholders lose multimillion-pound legal battle against Lloyds

Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...

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...

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...

Barclays and ex-top bankers appear in court over side deals in financial crisis

Barclays and four former top bankers have appeared in court over side deals struck during emergency fundraising at the height of the financial crisis. The...

RBS defends pay award to CEO of 175% of his salary as ‘showing restraint’

The Royal Bank of Scotland has defended the way its top bosses are awarded after some shareholders criticised the lender for not making deeper...

China arrests hundreds in crackdown on underground banking

More than 800 people have been arrested in a crackdown on unlicensed banking operations as authorities try to stem outflows of money from the...

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