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Barclays sets aside £500m for currency investigation

30/10/2014

Barclays has set aside £500m to cover the costs "relating to ongoing investigations" into currency trading.


 

National Australia Bank signal intent to exit UK

30/10/2014

National Australia Bank have announced that they are considering floating their UK operations on the stock market as part of their exit strategy from the UK.


 

New EU legislation on shareholders rights

30/10/2014

The European Commission’s review of the shareholders rights directive is a good step forward, but, if not amended and improved upon by the European Parliament, will fail to fix the high barriers to shareholder engagement in EU listed companies.


 

Tesco facing criminal investigation

29/10/2014

The Serious Fraud Office (SFO) is to launch a criminal investigation into the accounting errors at Tesco.


 

'Interest rates can stay low', Bank of England deputy governor

29/10/2014

Interest rates can stay low for longer than first thought, according to the deputy governor of the Bank of England.


 

Banks must now 'get their house in order'

29/10/2014

Professional services firm KPMG has welcomed the results of the European Central Bank’s (ECB) Comprehensive Assessment, but has warned of fundamental challenges ahead facing Europe’s banks.


 

Lloyds confirm 9,000 losses over next three years

28/10/2014

There was further bad news for Lloyds Banking Group today (Tuesday) as they confirmed that there will be up to 9,000 jobs cut as they close 150 branches over the coming three years.


 

Standard Chartered profits down 16%

28/10/2014

Standard Chartered has reported a 16% fall in profits for the third quarter after restructuring its South Korean business and bad loans.


 

Profit warnings reach highest third quarter total

28/10/2014

UK quoted companies issued 69 profit warnings in Q3 2014, the highest third quarter total since 2008 and 13 more than the same quarter of 2013, according to EY’s latest Profit Warnings report.


 

Co-op Bank appoints new chairman

27/10/2014

The Co-operative Bank has appointed Dennis Holt as its new permanent chairman.


 

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