Banking And Finance NEWS

Credit Suisse CEO defends bank’s stance on sanctions

Credit Suisse’s chief executive has defended its stance on sanctions following criticism of big banks by US senators, according to Reuters. Chief executive Tidjane Thiam spoke out after two senators demanded that big … Continue reading “Credit Suisse CEO defends bank’s stance on sanctions”


TSB banking app chaos nears resolution

The TSB banking app is now up and running for customers after a disastrous five-day period of customers being locked out or experiencing problems using the service, according to BBC News. The bank … Continue reading “TSB banking app chaos nears resolution”


Banks Close In On £30 Billion Mark for PPI Repayments

The Financial Conduct Authority (FCA) updates its website with the monthly sums paid out by the banks for mis-sold payment protection insurance. Since 2011, the amount repaid to customers is close to a … Continue reading “Banks Close In On £30 Billion Mark for PPI Repayments”


HSBC settles US private Libor claims

HSBC Holdings Plc has agreed to pay $100m (£71.3m) to settle private litigation over the Libor rigging scandal in the US, according to Reuters. The bank is the fourth major company to settle … Continue reading “HSBC settles US private Libor claims”


Goldman Sachs drops from top three banks for commodities revenue

Goldman Sachs is no longer among the top three commodities banks, according to Reuters. The US-based investment bank has been in the top three chart since Coalition, a data analytics firm, started compiling … Continue reading “Goldman Sachs drops from top three banks for commodities revenue”


Are IVAs too Good to be True, or do They Really Help?

An Individual Voluntary Agreement (IVA) comes with many benefits when it comes to solving debt trouble. For one, you will have a considerable sum of your debt written off. Another notable plus is … Continue reading “Are IVAs too Good to be True, or do They Really Help?”


5 Accounting Tips for Startups and SMEs

New business owners are often so focused on marketing and getting their operations up and running that looking after the accounts can take a back seat. However, without careful management, it’s easy for … Continue reading “5 Accounting Tips for Startups and SMEs”


Ex Co-op bank chairman banned from financial services

Paul Flowers, the former chairman of the Co-operative Bank, has been told he may never work in financial services in the UK again, according to Reuters. The Financial Conduct Authority (FCA) announced the … Continue reading “Ex Co-op bank chairman banned from financial services”


Lord Mayor of London calls for post-Brexit mutual recognition

The Lord Mayor of the City of London has said the goal of mutual recognition between UK and EU regulations following Brexit is ambitious but achievable, according to Reuters. As Brexit negotiations continue … Continue reading “Lord Mayor of London calls for post-Brexit mutual recognition”


Deutsche Bank settles US Libor case

Deutsche Bank AG has agreed to pay $240m to settle accusations that it conspired to fix the Libor benchmark interest rate with other banks, according to Reuters. On Tuesday, the preliminary settlement, which … Continue reading “Deutsche Bank settles US Libor case”


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