![](https://fournews-assets-prod-s3-ew1-nmprod.s3.amazonaws.com/media/2017/05/Siobhan-Kennedy.jpg)
UK banks to pay massive fines for rigging foreign exchange market
First it was Libor. Now Britain’s biggest banks are poised to disclose massive fines for their role in the manipulation of the global foreign exchange market, or Forex.
173 items found
The Royal Bank of Scotland has announced it will pay its first dividend in nearly ten years. The bank is still two-thirds publicly owned after being bailed out at the height of the financial crisis. Earlier this week there was anger from many small businesses after RBS learnt it would face NO action from the financial watchdog…
It’s ten years since the financial crisis. How many people have been prosecuted for their part?
It’s the scandal that continues to dog the Royal Bank of Scotland. Many small companies have complained bitterly of their treatment at the hands of the state-owned bank. RBS has always maintained any problems were due to past management mistakes. But Channel 4 News has been speaking to one company who says its problems continued…
First it was Libor. Now Britain’s biggest banks are poised to disclose massive fines for their role in the manipulation of the global foreign exchange market, or Forex.
A rash of news stories in recent weeks suggest panicked investors are pulling their money out of Scotland. FactCheck takes a look at the accounts.
Plans by part-nationalised Royal Bank of Scotland to pay bonuses double the size of salaries are scuppered by the government.
If Scotland goes its own way, Alex Salmond says he’ll keep the Queen. But what if she doesn’t fancy the job? From Belgium’s bonnie prince to Tilda Swinton, Channel 4 News looks at who’s next in line.
The argument for Scottish independence suffers a set-back as Standard Life says it could move away from the country in the event of a “Yes” vote, and RBS reports increased losses.
Eight banks, including RBS, are fined a record 1.7bn euros for colluding to rig interest rates, but Barclays escapes punishment after blowing the whistle on the practice.
Royal Bank of Scotland is to create an internal “bad bank” with £38bn of problem assets. In another development, RBS and Barclays have suspended several foreign exchange traders.
Annual stress tests for banks are meant to ensure they remain financially secure, but tougher conditions could make it harder to get a loan, writes Economics Producer Neil MacDonald.
With the Scottish referendum one year away, former chancellor Alistair Darling argues against independence and says the UK works because people from across the union pool their resources.
Channel 4 News comes to you for a week of pop-up shows, travelling from Cornwall to Edinburgh to see how real the economic recovery really is. Today we’re in Edinburgh!
As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
The City regulator says Britain’s banks still need to raise £27bn to withstand future shocks. Worst off is the taxpayer-backed Royal Bank of Scotland, which is told it has a gap of £13.6bn to plug.