Results for United Kingdom
- Barclays Fined for Lax Crime Checks in 'Deal of Century'
Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century," ...
Daily Headline - global.abi.org - 11/26/2015 - 21:07 - 0 comments
- Bank Of England To Consider Bans For Executives Behind HBOS Failure
British regulators will consider barring up to 10 executives linked to the 2008 collapse of the country's biggest mortgage lender, HBOS, some of whom still hold senior business roles, Reuters reported. The Bank of England and the Financial Conduct A ...
Daily Headline - global.abi.org - 11/19/2015 - 21:49 - 0 comments
- U.K.’s Power Transfer to Northern Cities Promises to Alleviate Pain of Austerity
The British government announced Tuesday a deal that would see London hand over an unprecedented array of powers—including around planning, transport and employment—to a local government encompassing Liverpool and five surrounding municipalities, The W ...
Daily Headline - global.abi.org - 11/17/2015 - 21:37 - 0 comments
- Insolvency Hits Seven People Every Day In Northern Ireland
There were almost seven insolvencies - and two bankruptcies - a day in Northern Ireland between July and September this year, it can be revealed today. And almost a third of all individual insolvencies ended in bankruptcy in the third quarter of 2015. Th ...
Daily Headline - global.abi.org - 11/16/2015 - 19:47 - 0 comments
- A Third Of Care Homes Face Crisis: Insolvency Experts Expect Hundreds Of Firms To Go Bust
Of the UK’s 5,500 care home operators, the risk management group estimates that as many as 1,650 companies are struggling financially, and of those it expects a quarter, which account for 1,500 sites, to fall into insolvency, Express.co.uk reported. Many ...
Daily Headline - global.abi.org - 11/08/2015 - 21:21 - 0 comments
- Carney Indicates BoE’s Willingness To Rein In Credit
Mark Carney said the Bank of England would consider making it harder for lenders to extend credit, in order to prevent a recovery fuelled by historically low interest rates from becoming dangerously unbalanced, the Financial Times reported. With the ...
Daily Headline - global.abi.org - 11/05/2015 - 21:14 - 0 comments
- Court Puts Mobile Technology Company Globo Under Administration
British mobile technology firm Globo Plc , which last month disclosed financial irregularities at the company, said on Tuesday that a court had placed it under administration, Reuters reported. Globo, under investigation from UK's financial watchdog ...
Daily Headline - global.abi.org - 11/03/2015 - 20:28 - 0 comments
- Lights Out in Britain for the Coal Industry
Tens of thousands of British coal miners have lost their jobs in recent decades, during the steep decline of an industry that stoked the nation’s industrial rise, sustained it through two world wars and once employed more than one million people. Chris J ...
Daily Headline - global.abi.org - 11/01/2015 - 21:31 - 0 comments
- Barclays to Spend $1.5 Billion to Meet Regulatory Requirements
Barclays said on Thursday that it expected to spend an additional 1 billion pounds, or about $1.5 billion, over the next three years to meet new regulatory requirements intended to shield its retail customers from other parts of the bank during any futur ...
Daily Headline - global.abi.org - 10/29/2015 - 21:24 - 0 comments
- Britain’s ‘Bad Bank’ Repays Further £500 Million To Government
Britain’s ‘bad bank’, which is running down the loans of two bailed out lenders, said it repaid £500 million to the government in the six months ended September, the Irish Times reported. UK Asset Resolution Ltd (UKAR), a state-run ‘zombie bank’ that ...
Daily Headline - global.abi.org - 10/29/2015 - 21:25 - 0 comments