ONLINE banking has driven the closure of more than a thousand high street bank branches in the last two years, a study revealed yesterday.
As well as an influx of customers accessing their accounts online, new banking services at Post Offices was also cited as a reason behind closures,...
Wednesday 14th Dec 2016
posted by Morning Star in Britain
HUNDREDS of financial institutions are cashing in on the nuclear arms trade, it was revealed yesterday.
A total of 390 companies are investing up to £400 billion in nuclear weapons producers, according to investigations by the International Coalition to Abolish Nuclear Weapons...
Saturday 10th Dec 2016
THREE bankers were jailed in Ireland yesterday for helping conceal the loss of billions of euros in deposits at Anglo-Irish Bank during the 2008 financial crash.
Former Anglo executives Willie McAteer and John Bowe and former Irish Life & Permanent chief executive Denis Casey...
Saturday 30th Jul 2016
posted by Morning Star in World
BANKS that have been fined billions of pounds for their part in the 2008 financial crisis are helping bankroll the pro-EU campaign, it was revealed yesterday.
Banking behemoths Goldman Sachs and JP Morgan have each donated £500,000 to Britain Stronger in Europe (BSE), while...
Thursday 12th May 2016
posted by Lamiat Sabin in Britain
US AUTHORITIES have fined a French bank more than £500 million for doing business with Cuba, Iran, Myanmar and Sudan in defiance of US sanctions.
The $787m (£509m) settlement announced on Tuesday includes $385m (£249m) to New York’s Department of Financial...
Thursday 22nd Oct 2015
by Our News Desk
FINANCE regulators were urged yesterday to take tougher action on banks after an IT glitch at HSBC left hundreds of thousands of customers unable to access their money.
Around 275,000 payments, likely to total hundreds of millions of pounds, were held...
Saturday 29th Aug 2015
CURRENT and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging.
The SFO and Deutsche Bank both declined to comment yesterday on a report from Bloomberg.
The report came after the Frankfurt-based...
Friday 28th Aug 2015
NINE banks including Barclays, HSBC and Royal Bank of Scotland agreed a settlement of more than £1.3 billion with US investors yesterday over foreign exchange rate-rigging claims.
Bank of America, BNP Paribas, Citi, Goldman Sachs, JP Morgan and UBS were also part of the...
Saturday 15th Aug 2015
posted by Paddy McGuffin in Britain
UNITE condemned George Osborne as “reckless” yesterday after he announced the immediate sale of the government’s stake in the Royal Bank of Scotland (RBS).
UK Financial Investments (UKFI), through which the Treasury owns its 79 per cent share, is seeking to flog off...
Tuesday 4th Aug 2015
posted by Zoe Streatfield in Britain
Elderly told they will not get their pensions despite ministerial assurances
Tuesday 30th Jun 2015