Search results for ‘hsbc’
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Top UK business stories in 2012: the scandals and highlights
From the euro crisis to Facebook’s IPO, Spain’s banks and the fiscal cliff, 2012 was bursting with business news – even knocking the royal baby off the front pages (on occasion). Here’s the countdown.
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Banks drag their heels on ‘mis-sold’ interest rate swaps
Banks sold small businesses interest rate swaps to protect them from increases in interest rates. The problem is, hidden penalties began to kick in when the rates tumbled.
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Bank staff ‘under pressure’ to mis-sell
Banks are still pressurising staff to sell products which may be unsuitable for customers, despite a number of mis-selling scandals, research from consumer group Which? finds.
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Judge: Barclays can be sued in Libor-rigging swaps case
Barclays can be sued for allegedly mis-selling interest rate swaps while rigging the Libor rate, in a landmark claim seen as a test case for thousands of businesses, a London judge rules.
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Bankers ‘should be jailed for financial crimes’
Nearly nine out of 10 Britons want bankers put in jail if found guilty of fraud or manipulating financial markets, a new survey claims.
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Commission to tear apart banking ‘greed culture’
The fate of British bankers is in the hands of 10 people tasked with reforming a culture of recklessness and crime. Meet the banking standards commission, who will tame the masters of the universe.
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Tory MP asks watchdog to investigate Keith Vaz
Tory MP Andrew Bridgen calls for a probe into the source of £500,000 in bank deposits linked to MP Keith Vaz in a letter to the parliamentary standards commissioner obtained by Channel 4 News.
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High street banks below average for customer satisfaction
A survey by the consumer charity Which? finds that all major high street banks score below average for customer satisfaction despite dominating the retail banking market.
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Free banking now ‘a myth’ – Which?
Current account customers are being charged up to £900 a year for being overdrawn without permission, which “shatters the myth” of free banking.
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Treasury: Mervyn King overstepped powers in Barclays scandal
Sir Mervyn King’s interference in the ousting of Barclays’ chief Bob Diamond is difficult to justify, the chairman of the committee investigating the Libor rate-rigging scandal tells Channel 4 News.
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Standard Chartered shares rise as supporters rally round
Standard Chartered shares rebound as British politicians and officials rally behind the bank, blaming protectionist US regulators for attacking London to boost Wall Street’s fortunes.
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Standard Chartered shares tumble after Iran claims
More than £6bn is wiped from the value of Standard Chartered after the banking giant is accused of hiding £160bn of transactions with the Iranian government.
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Standard Chartered ‘could take years to recover’
A leading stockbroker tells Channel 4 News Standard Chartered’s share price “could take years to recover” from claims the bank helped launder money for the Iranian government.
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Will new bank lending scheme help home buyers?
The government’s new scheme to encourage bank lending is the latest attempt to kick-start the economy and a stagnant housing market. But will it help those trying to get on the housing ladder?
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Mitt Romney’s golden gaffe in Olympics visit
Mitt Romney isn’t just meeting political leaders on his visit to London – he’s doing some serious fundraising too. But his trip didn’t get off to the best of starts.