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Over the last few weeks it’s been ‘fine’ weather for banks: Barclays were fined $450m relating to LIBOR fixing HSBC set aside $700m to cover potential fines resulting from lapses relating to money laundering Standard Chartered have agreed to pay New York authorities $340m to settle issues relating to breaking of international sanctions on Iran …
Hi my name is Thulashika and I’m a year 11 student. Following the completion of my GSCE exams I did an internship at a NatWest branch for a week and then the marketing department at Kurtosys the following week. Both experiences gave me valuable and varied insights into the financial services industry. The team at …
The LIBOR scandal will roll and roll for years, as regulators investigate and – if you believe the press – pretty much the entire world litigates against banks (doubtless Claims Management Companies have their very best people poring over templates for complaints letters as I write). The core issues of the scandal seem to fall …
Another interesting week in the world of banking: Computer glitches result in jail time Interest rates fixed “big boy” And now, today, the news that Bob Diamond has resigned from Barclays Recent events in this ever more bizarre sector throw up some interesting questions – including the critical subject of trust. What’s worse? Incompetence along …
Cast your mind back to the turn of the century. Once we’d all stopped partying like it was 1999 we entered a new millennium whose first decades were destined to be defined by disruptive technology, social networking and the rise of the World Wide Web. Back then I was working for a traditional retail bank …