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…
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RBS and Barclays reveal large gender pay gaps
Disclosures from major banks have revealed a significant gender pay gap between the salaries of men and women, according to Reuters. Barclays Bank revealed that women in its international division…
ISA rates start uptick
Interest rates on cash Individual Savings Accounts (ISAs) are starting to rise, according to BBC News. Data from Moneyfacts indicates that rates on instant access ISAs rose from 0.68% in…
Grim financial fortunes for British millennials, report confirms
A report from the Resolution Foundation indicates that Britons born since 1981 - known as the millennial generation - have suffered the second biggest financial hit in the developed world,…
Citigroup in innovation centre boost to City of London
Citigroup is to set up an innovation centre in London, representing the first major investment by a big US bank since the Brexit vote, according to the Financial Times. James…
EU growth approaches pre-crisis levels
Figures from the European Union statistics office have confirmed that 2017 saw the bloc grow at its fastest pace in a decade, according to BBC News. In 2017 the EU…
Land Registry analysis quantifies offshore property ownership
One in four properties in England and Wales owned by overseas firms is held by an entity registered in the British Virgin Islands (BVI), according to BBC News. The tiny…
Inquiry to be held into East Coast Mainline fiasco
The House of Commons transport committee has confirmed that it will hold an inquiry into the decision to end the East Coast Mainline rail franchise early, according to BBC News.…
SFO levels charges at Barclays Bank
Barclays Bank PLC has been charged by the Serious Fraud Office (SFO) over ‘unlawful financial assistance’ said to have been given to Qatar in 2008, according to BBC News. In…
Morrisons to cut 1,500 management jobs
UK supermarket chain Morrisons is to cut 1,500 management jobs and create 1,700 lower-paid roles, according to Reuters. The move is a big to cut costs along the lines of…
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