Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Santander in talks to buy City stockbroker Peel Hunt September 17, 2018 Spanish bank Banco Santander is in discussions to buy City stockbroker Peel Hunt, it has been reported. Santander, which is the fifth largest bank in the UK, is in early stage discussions over the deal, Sky News revealed, although the talks are preliminary and may not lead to an agreement. Read more: Former Barclays boss Bob [...]
Santander in talks to buy City stockbroker Peel Hunt September 17, 2018 Spanish bank Banco Santander is in discussions to buy City stockbroker Peel Hunt, it has been reported. Santander, which is the fifth largest bank in the UK, is in early stage discussions over the deal, Sky News revealed, although the talks are preliminary and may not lead to an agreement. Read more: Former Barclays boss Bob [...]
HSBC appoints new private banking and European bosses September 17, 2018 HSBC has announced a reshuffle of its top executives in its private banking and European divisions. Global private banking chief executive Peter Boyles will retire after 43 years with the bank and will be replaced by Antonio Simoes from 1 January next year. Read more: Barclays opens up mobile app to rival bank accounts Simoes, who joined HSBC [...]
HSBC appoints new private banking and European bosses September 17, 2018 HSBC has announced a reshuffle of its top executives in its private banking and European divisions. Global private banking chief executive Peter Boyles will retire after 43 years with the bank and will be replaced by Antonio Simoes from 1 January next year. Read more: Barclays opens up mobile app to rival bank accounts Simoes, who joined HSBC [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]