Royal Bank of Scotland is to be hit with £50m of fines on Thursday after the collapse its computer systems in 2012, which left millions of customers shut out of their accounts for several days.
They liked to refer to themselves as “the A-team”, “the players” and “the three musketeers”, regarding anyone outside their private group as “numpties”.
The rigging of foreign exchange markets is a bigger scandal than Libor.
Oh dear - more transcripts.
America’s major telecoms and cable companies and business groups came out fighting on Monday after Barack Obama called for tough new regulations for broadband that would protect net neutrality, saying they were “stunned” by the president’s proposals.
UBS and Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.
Shares in Standard Chartered slid to their lowest level in five-and-a-half years on Thursday after reports that US authorities had reopened an investigation into the bank over breaching sanctions with Iran.
Barclays has given an indication about the scale of potential fines looming across the banking industry by setting aside £500m to cover the cost of the on-going investigations into rigging currency markets.
Two ex-Rabobank traders have been charged by the US Department of Justice with manipulating the Libor rate.