Search Results for: Royal Bank of Scotland
Banks to allow account access using fingerprint tech
February 18th, 2015
Two banks are allowing their customers to access accounts on their smartphones using fingerprint recognition technology, in a UK industry first. RBS and NatWest customers must activate the feature with their security information, but would only need to use ...
Deutsche Bank considers retail bank spin-off
January 15th, 2015
Deutsche Bank is considering spinning off its retail banking operations as regulators push Germany’s biggest lender to lower its debt levels and stop it using deposits collected from consumers to fund its investment bank. The politically sensitive move could ...
Bank of England disarray in the face of financial crisis
January 7th, 2015
The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day efforts to prop up high ...
UK Government to resume sell-off of its stake in Lloyds Banking Group
December 18th, 2014
The government is to resume the sell-off of its stake in Lloyds Banking Group over the next six months, potentially disposing of a further £3bn worth of shares in the run-up to the general election. Chancellor George Osborne took ...
Australia’s ANZ bank suspends seven traders
November 19th, 2014
ANZ, one of Australia’s biggest banks, has suspended seven traders as part of an inquiry into the potential rigging of key interbank interest rates. The Australian Securities and Investment Commission (ASIC) has been investigating the country’s interbank market since ...
FCA fines five banks £1.1 billion for FX failings
November 12th, 2014
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ...
Regulators fine global banks $3.4 billion in forex probe
November 12th, 2014
Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland (RBS.L) and JP ...
Suit Accuses Banks of Role in Financing Terror Attacks
November 11th, 2014
The suit accuses banks — including HSBC and Barclays — of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror. Those acts of terrorism occurred a world away ...
Banks Said Poised to Settle With CFTC in FX-Rigging Cases
November 11th, 2014
Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases. The Commodity Futures Trading Commission may levy ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
