On the Cutting Floor: HSBC announces job cuts
HSBC is set to cut around 35,000 jobs after announcing a major slump in profits for 2019.
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March 24, 2020
Big Brother Bank: Barclays monitors employees
Barclays introduced technology to monitor employees’ work activity but axed it soon after.
March 24, 2020
Go for Monzo: Monzo looks to relaunch paid-for accounts
Monzo is looking to relaunch paid-for accounts in the first quarter of 2020, after a failed attempt in 2019, following complaints.
March 21, 2020
Is Green the New Black?: Why green bonds & sustainability-linked loans are the new sexy
According to Linklaters’ 2019 data, green bond borrowing reached a global all-time high, having raised a total of US$185bn worldwide. The Financial Times further reports sustainability-linked loans have seen similar growth rates, with a whopping 250% increase in global loan borrowing last year.
March 16, 2020
Bo Money, Less Problems: RBS sets up its own digital bank named Bó
After two years of developing and £100 million spent, the Royal Bank of Scotland (RBS) has launched its own digital, cloud-based bank named Bó in order to compete against the rise of digital banks.
December 21, 2019
PPLie: Mis-sold PPI scandal set to cost Lloyds over £22billion
The payment protection insurance (PPI) policy is one of the biggest rip offs in British banking history, costing UK banks as much as £50bn, with Lloyds set to finalise the cost of its mis-sold PPI scandal in the next few weeks.
November 21, 2019
Breaking the Bank: Three former senior employees at Barclays to be prosecuted by the Serious Fraud Office
Roger Jenkings, Richard Boath and Tom Kalaris are currently facing charges of conspiracy and fraud by false representation in London over secret payments of £322 million by Barclays to Qatar during the 2008 financial crisis.
October 21, 2019
PayPulling Out: PayPal pulls out of Facebook’s cryptocurrency
PayPal announces its decision to pull out of Libra, a cryptocurrency launched by Facebook.
October 17, 2019
Now You See It, Now You Don’t: A look at the “CumEx” scandal
Involving an extensive network of bankers, tax lawyers and traders (dubbed by Danish Broadcasting Corporation the men who plundered Europe) the CumEx scandal refers to a tax fraud scheme that was purportedly operated across a large number of European countries. It may have netted its operatives upwards of €60 billion.
October 15, 2019
FranceBlock: France deals new blow to Facebook’s Libra cryptocurrency by blocking development plans
The French finance minister, Bruno Le Maire, said France will block the development of Facebook’s Libra cryptocurrency in Europe until the concerns over the risk to consumers and the government’s monetary sovereignty were addressed.
September 27, 2019