Nick Leeson was born in Watford, Hertfordshire and attended Parmiter’s School in nearby Garston. Born to working-class parents on a council estate, his father was a self-employed plasterer, his mother
LONDON (Reuters) – Shares in Britain’s Clydesdale Bank (CYBGC.L) tumbled by a fifth on Thursday, after the lender made a fresh 300-450 million pounds provision to settle mis-selling claims linked
By CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers.
The UK government is set to cut its stake in RBS, a decade after bailing out the lender.
A History of Fleecing the Taxpayers Governments all over the world have been bailing out companies for decades, if not longer. And it seems that whenever a financial crisis
Pakistan’s central bank has told banks and other financial services providers not to support virtual currency transactions. The State Bank of Pakistan (SBP) advised the general public in a statement on its
Images courtesy of Shutterstock. Like taxi drivers attacking Uber or candle makers trying to block out the sun, another bank has taken a stand against bitcoin. BMO is apparently trying
Photo: Bloomberg The bank’s self-reporting measures and cooperation with the SFC helped avert an even larger fine Credit Suisse and its Hong Kong subsidiaries were fined a collective $39.3 million
Photo: Deutsche Bank The German investment bank reportedly intentionally attempted to alter benchmark levels to benefit its personal positions. The Commodity Futures Trading Commission (CFTC) issued an order directed at
Photo: Bloomberg The move makes BNP one of the last big banks to reach a settlement for FX rigging. BNP Paribas has been slapped with a $90 million fine
