Credit Suisse blasted by Swiss watchdog for corruption failings September 17, 2018 Credit Suisse has been slammed by the Swiss banking watchdog for “deficiencies” in its anti-money laundering procedures in connection with suspected corruption at football body FIFA. Swiss Financial Market Supervisory Authority (Finma) said today it had concluded two enforcement procedures against the bank. The first uncovered “deficiencies in the bank’s adherence to anti-money laundering due [...]
Credit Suisse blasted by Swiss watchdog for corruption failings September 17, 2018 Credit Suisse has been slammed by the Swiss banking watchdog for “deficiencies” in its anti-money laundering procedures in connection with suspected corruption at football body FIFA. Swiss Financial Market Supervisory Authority (Finma) said today it had concluded two enforcement procedures against the bank. The first uncovered “deficiencies in the bank’s adherence to anti-money laundering due [...]
There’s a bright, collaborative future ahead for the City and Northern Ireland September 17, 2018 Last week, I embarked on a visit to Northern Ireland to engage with its financial and professional services sector. With fewer than 200 days until the UK leaves the EU, and the Irish border proving to be one of the more contentious issues surrounding negotiations, this was an excellent opportunity to hear the views of [...]
There’s a bright, collaborative future ahead for the City and Northern Ireland September 17, 2018 Last week, I embarked on a visit to Northern Ireland to engage with its financial and professional services sector. With fewer than 200 days until the UK leaves the EU, and the Irish border proving to be one of the more contentious issues surrounding negotiations, this was an excellent opportunity to hear the views of [...]
Former Deutsche Bank trader who pleaded guilty to Euribor rate rigging let off £6.5m fine September 15, 2018 A former Deutsche Bank trader who pleaded guilty to rigging the Euro Interbank Offered Rate (Euribor) has escaped from a £6.5m fine after the City watchdog ruled his conviction was punishment enough. Christian Bittar, once Deutsche Bank's star trader, was sentenced to five years after he pleaded guilty to rigging Euibor, an interest rate benchmark [...]
Former Deutsche Bank trader who pleaded guilty to Euribor rate rigging let off £6.5m fine September 15, 2018 A former Deutsche Bank trader who pleaded guilty to rigging the Euro Interbank Offered Rate (Euribor) has escaped from a £6.5m fine after the City watchdog ruled his conviction was punishment enough. Christian Bittar, once Deutsche Bank's star trader, was sentenced to five years after he pleaded guilty to rigging Euibor, an interest rate benchmark [...]
Nationwide vows to keep branches open as it spends £1.3bn on digital growth September 15, 2018 Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today. Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the [...]
Nationwide vows to keep branches open as it spends £1.3bn on digital growth September 15, 2018 Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today. Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the [...]
Carney: Bank of England ‘well prepared’ for disorderly Brexit September 14, 2018 The Bank of England is well prepared for a disorderly Brexit and has planned for the worst, the bank's governor Mark Carney has said. Carney said the BoE had used “stress tests” to make sure the country's largest banks could meet the needs of households and business no matter what path Brexit takes. It comes [...]
Carney: Bank of England ‘well prepared’ for disorderly Brexit September 14, 2018 The Bank of England is well prepared for a disorderly Brexit and has planned for the worst, the bank's governor Mark Carney has said. Carney said the BoE had used “stress tests” to make sure the country's largest banks could meet the needs of households and business no matter what path Brexit takes. It comes [...]