The top 20 banks in the world paid more than a quarter of a trillion pounds in misconduct charges over the last five years, according to new research.
This means that in the last decade the biggest financial lenders across the globe have lost a staggering £516bn to fines, charges and compensation.
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Almost 70 non-compliant or fraudulent claims managements companies (CMCs) were shut down in the last financial year according to the latest report from the industry regulator.
As well as issuing monetary fines, warnings and entering premises to collect evidence the Claims... Read more
A top regulator from the Bank of England has warned banks and lenders that they have their ‘eyes peeled’ to any wrongdoing at ‘a vital moment’ of supervision in the sector.
Sam Woods, Chief Executive of the Prudential Regulation Authority at the Bank, gave a... Read more
Royal Bank of Scotland’s terrible year continues as the bank has paid US authorities a fresh £4bn fine over the mis-selling of home loans in America.
With several investigations running into RBS’ conduct in relation to the loans, RBS have... Read more
Barclays and four of its former senior figures are facing criminal charges for fraud over their behaviour during the financial crisis.
It represents the first time that any bank or its officials have faced criminal proceedings almost a decade on from the crash which saw some banks being bailed out by the taxpayer.
The charges relate to... Read more