Search Results for: Tesco Bank
Tesco Bank fined £16.4m
October 3rd, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its ...
Tesco Bank refunded all customer accounts affected by cyber fraud; resume service
November 9th, 2016
Following the cyber theft and temporary suspension of online transactions from current accounts that affected around 9.000 customers, Tesco Bank has issued an update to inform that full service has resumed for its customers. According the statement of Benny ...
The Banking arm of Tesco halts transactions after customers’ money stolen
November 7th, 2016
Tesco Bank became victim to an online hack with customers complaining they had money stolen from their accounts, its chief executive said. Benny Higgins said some current accounts had money withdrawn from them fraudulently after “online criminal activity” over ...
KPMG is facing a battle to remain as auditor to the Bank of England
November 6th, 2017
KPMG is facing a battle to remain as auditor to the Bank of England as rivals plot to end its decade-long tenure in the prestigious role. Sky News has learnt that officials from Britain’s central bank contacted other accountancy ...
High court approves £129m fine for Tesco over accounting scandal
April 11th, 2017
The high court has approved a settlement between Tesco and the Serious Fraud Office that involves Britain’s biggest retailer paying a £129m fine over an accounting scandal. Sir Brian Leveson approved the so-called deferred prosecution agreement (DPA) at a ...
Tesco and Serious Fraud Office near to deal over accounting scandal
March 28th, 2017
The Serious Fraud Office and Tesco are within days of announcing a settlement that could mean Britain’s biggest supermarket chain will pay a multimillion-pound fine over an accounting scandal. Under the deferred prosecution agreement (DPA), Tesco would pay a ...
China Construction Bank authorised as trading and direct clearing participant
March 18th, 2016
China Construction Bank (CCB) Frankfurt Branch received authorisation as a trading and direct clearing member to the cash and derivatives markets operated by Deutsche Börse Group. This further contributes to the accessibility of the German and European capital market ...
China bans prepaid card provider, warns non-bank financial firms
January 7th, 2016
China’s central bank on Thursday said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. The People’s Bank of China (PBOC) said on its website ...
Deutsche Börse and China Construction Bank agree strategic partnership
March 31st, 2015
Deutsche Börse: Deutsche Börse Group and China Construction Bank (CCB) have entered into a strategic partnership and have signed an agreement. Deutsche Börse Group is a leading global provider of financial market infrastructure services and is based in the European ...
Funding secured for Tesco shareholder class action
November 26th, 2014
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will fund legal action on behalf of shareholders who are claiming ...
