And of course, as the week went on, it turned out there was more banking stuff to worry about. A...
Banking
“HSBC buys SVB UK as regulators back US deposits”
The failure of an American bank no one much has heard of might not sound like a big deal. Let’s...
“Greece now bans Russians from golden passports as Cyprus weighs war impact”
Do you remember, before they went under, how Icelandic banks were suddenly the flavour of the...
“World’s biggest banks ‘allowed criminals to launder dirty money'”
A frustrated fellow IFA posted the other day: ‘So, while JPM and HSBC are laundering £billions for...
“Banks under fire for coronavirus loan tactics”
Here’s what I can’t understand. The Government owns 62%, a huge majority stake of one of our...
“Bank of Scotland fined £45.5m over fraud failure”
Unbelievably, in its pomp and at the height of its powers, RBS’s balance sheet was larger than the...
“Banks fined €1bn by EU for currency rigging”
Bank deregulation was another great, '80's idea, as a result of which many a pigeon is still...
“Lloyds looks to hire 700 advisers”
So here we go again, the banks are back. It was just six years ago that Lloyds pulled out of...
“Barclays faces potential fresh criminal charges over Qatar fundraising”
Barclays is in the news again for all the wrong reasons. Those reasons are laid bare in ‘The Bank...
“Government to sell 7.7% stake in RBS”
Of course the government has to sell off its shares in RBS. Can you imagine what might happen if...
“FCA unveils ‘fundamental reform’ of high-cost credit”
Our regulator is, I’m sure, staffed by diligent people doing their very best in difficult...
“Lloyds buys Zurich’s workplace pensions arm”
Banks stopped giving investment and pensions advice to any but their best-heeled clients when...