The UK government is set to cut its stake in RBS, a decade after bailing out the lender.
How the Government Gave Your Money to the Banks – Again and Again
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 Central Bank Bans Banks from Cryptocurrency, ICO Transactions
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
Canadian Multinational Bank BMO Blocks Cryptocurrency Transactions
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
SFC Fines Credit Suisse $39m for Multiple Regulatory Lapses
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
Deutsche Bank Ordered to Pay $70 million for Manipulation of USD Swap Rates
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
BNP Paribas Agrees to $90 Million Penalty in Settlement over Rigging of FX Markets
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
