Scamdemic: Many worthy fraud compensation claims denied by banks
Consumer watchdog "Which?" has reported that 75% of fraud compensation claims rejected by banks should have been accepted.
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November 19, 2021
Tschüss to Jens Weidmann: Head of Bundesbank to step down
Jens Weidmann, head of Germany’s Central Bank, has handed in his notice. Known for being critical of excessive bond purchases, Weidmann’s departure will leave the door open for a shift in German economic policy.
November 6, 2021
Better than Ever: Lloyds Bank reports double profits
Lloyds Banking Group reports better than expected profits thanks to a booming mortgage market.
November 3, 2021
My Landlord Lloyds: Banks become landlords in new “build to rent” sector
Lloyds Bank has announced its plans to buy 50,000 properties by 2030 which will be rented out to tenants.
October 1, 2021
Go Green to Make Green: UK Government announces Green Savings Bond
The Green Savings Bond is a new savings product, intended to go on general sale this summer to raise significant funding for government environmental projects.
July 22, 2021
Exponential Close: Lloyds to close more branches as banks go digital
Lloyds Banking Group is to close another 44 branches, blaming a lack of customers at such sites as people move to digital banking.
July 20, 2021
Washing The Proceeds Of Crime: Money laundering charges recently brought against NatWest
The Financial Conduct Authority (FCA) recently announced that it has started criminal proceedings against NatWest for money laundering offences related to an account worth £365mn.
April 7, 2021
Citibank Can’t Make Up for Revlon Mistake: Judge Blocks Return of $500m
In one of the biggest blunders in banking history, Citibank cannot recover the $500m they wired by mistake while acting as a loan agent for Revlon.
March 12, 2021
“Franc-ly that’s unfair”: the US labels Switzerland a Currency Manipulator
The US Treasury Department released its semi-annual report saying Switzerland (along with Vietnam) had intervened to artificially prevent its currency rising against the dollar.
December 30, 2020
From the Big Four to the Big Three?: Call to Ban EY Bidding on Public Contracts for Three Years by Anti-Corruption Group
Based on frequent accusations of “professional misconduct”, campaign group Spotlight on Corruption has urged the government to introduce a three-year ban on EY bidding on public contracts.
December 2, 2020