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...."The UK's decision to leave the European Union creates uncertainty for both the UK's financial industry and the FCA," Mr Bailey said. "Both we and the government are keen to ensure that the financial services industry remains resilient and well placed to meet users' needs and thus make the most of opportunities in a post-Brexit world. ... [Read full article on BBC ]
Tuesday 18th of April 2017 09:09:54 AM
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....“The UK’s decision to leave the European Union creates uncertainty for both the UK’s financial industry and the FCA,” said Bailey, who was setting out his first annual priorities since taking the helm last year. “Both we and the government are keen to ensure that the financial services industry remains resilient and can make the most of opportunities in a post-Brexit world. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 05:32:29 PM
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Latest Finance News related to Financial Services Industry

Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
....“The UK’s decision to leave the European Union creates uncertainty for both the UK’s financial industry and the FCA,” said Bailey, who was setting out his first annual priorities since taking the helm last year. “Both we and the government are keen to ensure that the financial services industry remains resilient and can make the most of opportunities in a post-Brexit world. ...
Financial Conduct Authority concerned over personal debt image
Source : BBC [Read Article] Tuesday 18th of April 2017 09:09:54 AM
...."The UK's decision to leave the European Union creates uncertainty for both the UK's financial industry and the FCA," Mr Bailey said. "Both we and the government are keen to ensure that the financial services industry remains resilient and well placed to meet users' needs and thus make the most of opportunities in a post-Brexit world. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....Public Concern at Work (PCaW), a charity for whistleblowers, said there was “much work to be done” while GoodCorporation said the Barclays saga would be a “real test” for the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority. There are strict regulations in the financial services industry about encouraging and protecting whistleblowers. ...
The car-loan boom isn’t the housing bubble. But there still might be a crash image
.... The Bank of England has also voiced concern about rising household debts levels and last week promised a review of banks’ lending standards. It is likely that the cause of the next crash will come from a dark corner of the financial services industry that regulators believe is insignificant until it whacks them on the nose. ...
How to fight back against age bias on finances image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
.... would allow the progression of an investigation. Beyond that we need to make sure sophisticated criminal networks cannot exploit our financial services industry. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
.... “We are talking about much bigger issues”, Carney added. There’s little doubt that voters are unhappy about the morals – or lack of them – of those working in the financial services industry. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... Britain is the biggest destination for its exports, and the prospect of tariffs could persuade several industries to decamp almost entirely to the rest of the UK. Particularly at risk is the Scottish financial services industry, which does most of its business south of the border. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
....Gilbert showed analysts a slide of all the sporting events sponsored by both companies and quipped: “It’s always been one of my ambitions to sponsor Andy Murray” – the Scottish tennis player backed by Standard Life. Both businesses are key to Scotland’s financial services industry, which has been facing questions about its future following Brexit. ...
Aberdeen Asset Management and Standard Life confirm merger terms image
....". A Scottish government spokesman said: "Aberdeen Asset Management and Standard Life are leading firms in Scotland's financial services industry and the proposed merger is a potential vote of confidence in Scotland's financial services sector. ...
Hi-tech financial firms flee UK amid doubts over Brexit image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:54:32 PM
....”. There are incredibly envious eyes being cast towards our financial services industry. ...
Government failure to act means gender pay gap will remain, say MPs image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:50:01 AM
....Moves to match Sweden’s female work participation rate would boost GDP by £170bn, the report said. Top of the list of gender pay offenders was the financial services industry, which has a 34% pay gap, followed by the energy, utilities and manufacturing industries – where few women rise to senior positions. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....Wall Street is making some big bets on Donald Trump. One of the biggest is that the US president can persuade Congress to unravel the Dodd-Frank Act that he believes ties the financial services industry in knots. ...
Should financial advisers put us before them? Debate is back on the table image
.... Unsurprisingly they have arrived at very different answers. President Trump’s mission to deregulate the financial services industry got underway Friday with an executive order pledging to undo reforms designed to discourage excessive risk-taking in the banking and financial services. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
.... Where the focus was on the harm the banks did, now the emphasis is on the loss of highly paid jobs and service-sector exports. John McDonnell, Labour’s shadow chancellor, made the point in his party conference speech last year that the UK’s financial services industry was at the heart of the Brexit negotiations. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....”. Andrew Tyrie, chair of the House of Commons Treasury select committee, called for the financial services industry to create a single point of responsibility to tackle cyber risks. ...
Carney: Brexit risks now lower image
Source : BBC [Read Article] Wednesday 11th of January 2017 04:29:14 PM
....Mr Carney said that the UK should concentrate on stable access to financial markets after Brexit. The financial services industry could suffer "outsize" consequences from losing only some of its access. ...
MPs hear call for five-year transitional Brexit deal image
Source : BBC [Read Article] Tuesday 10th of January 2017 01:35:55 PM
....Mr Rolet was speaking alongside Douglas Flint, the chairman of HSBC, and Elizabeth Corley, vice chair of Allianz Global Investors. The MPs were told of the fears and concerns of the financial services industry if Brexit left it outside the EU's single market and without the ease of trade that comes with it. ...
Maximum wage cap: how might it work? image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:11:32 PM
....Workers in banking, excluding insurance and pension funding, have the highest average pay, with workers in the 90th percentile earning £111,183. However, the financial services industry also has the greatest disparity between median earnings and high pay, as median wages were £35,793 in 2016. ...
Bitcoin tops $1,000 for first time in three years as 2017 trading begins image
.... Its total worth is at a record high of more than $16bn, putting its value at around the same as that of an average FTSE 100 company. During its last surge in 2013, bitcoin boomed as users and speculators rushed to invest in a currency that was supposedly about to become a platform for a disruptive new financial services industry. ...
GCHQ asked to step up action against cyber-attack threat to financial services image
. More action may be needed to protect the financial services industry from a devastating cyber-attack, the head of the Treasure select committee has suggested. ...
Brexit: EU negotiator says 'time's short' for reaching deal image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:25:15 AM
....". A former EU commissioner, Mr Barnier led the EU's banking reforms and was dubbed "the most dangerous man in Europe" by some in the financial services industry. ...
Hammond and Davis meet bank chiefs to talk Brexit 'opportunities' image
Source : Guardian [Read Article] Monday 5th of December 2016 03:42:06 PM
....After the event, Hammond and Davis issued a joint statement, saying they were “determined that our country remains a great place to invest and to do business” after leaving the EU. “We want the best deal for trade in UK goods and services, including our world-leading financial services industry,” they said. ...
Price cap on rent-to-own goods possible, says FCA image
Source : BBC [Read Article] Tuesday 29th of November 2016 07:00:32 AM
...."We dispute the findings of this misleading, deeply flawed and inaccurate report," a spokesperson for BrightHouse said. "Having worked closely with the FCA, BrightHouse's affordability checks are some of the most thorough in the financial services industry. ...
Hiring headache image
Source : BBC [Read Article] Tuesday 22nd of November 2016 12:10:06 AM
....2bn ($1. 5bn) of productive capacity is lost in the UK every year through delays in this process," says Mr Bichara, "and in the financial services industry around £180m is lost every year. ...
Savings protection limit to go back up to £85,000 image
Source : Guardian [Read Article] Monday 21st of November 2016 12:39:56 PM
.... The measure was introduced after the banking crisis to prevent savers moving their money across borders to chase the highest level of protection, as was the case when Ireland offered more generous insurance during the height of the crisis in October 2008. In the UK, the savings guarantee is provided by the Financial Services Compensation Scheme (FSCS), which in turn is funded by the financial services industry. ...
Don’t teach Brexit schoolkids about Tennyson: teach them maths image
Source : Guardian [Read Article] Sunday 20th of November 2016 07:00:30 AM
....A study last week by the TUC, based on figures from the Organisation for Economic Cooperation and Development (OECD), showed that Britain ranks 20th out of 21 developed countries in spending on IT systems, 34th out of 34 for spending on transport equipment and 23rd out of 27 for investment in other types of machinery. Productivity gains are going to be thin on the ground when tech spending is so low, and when what there is largely restricted to the tech sector and the financial services industry. ...
Banks poised to relocate out of UK over Brexit, BBA warns image
Source : BBC [Read Article] Sunday 23rd of October 2016 08:10:21 AM
....". Meanwhile, Liberal Democrat foreign affairs spokesperson Tom Brake said that if the UK pursued a "hard Brexit" then it would "threaten the £65bn the UK financial services industry pays in taxes each year". ...
How one boy's story helped 'cut living costs for disabled people' image
Source : BBC [Read Article] Tuesday 18th of October 2016 11:02:13 PM
.... . Its chairman Robin Hindle Fisher, who has worked for 30 years in the financial services industry, said: "We called on disabled people to be bold and loud - to get their voices heard and let businesses know about the opportunities they are missing out on. ...
Hard Brexit 'could cost financial sector £38bn' image
Source : BBC [Read Article] Wednesday 5th of October 2016 08:16:15 AM
....Brexit: What are the options?. The report, which was written by management consultancy Oliver Wyman, modelled several possible outcomes for the UK financial services industry after Brexit. ...
Wall Street executives warn Brexit could hurt City image
Source : BBC [Read Article] Wednesday 21st of September 2016 11:42:35 AM
. The heads of two major Wall Street companies have warned that the UK financial services industry could be damaged by Brexit. ...
Will Brexit deal suit the City of London? image
Source : BBC [Read Article] Friday 19th of August 2016 01:13:34 PM
. The City of London and the UK's financial services industry, like the rest of the economy, remains part of the EU's single market. ...

RBS warns Scottish independence would make Brexit upheaval worse
 image
Source : Telegraph [Read Article] Saturday 6th of August 2016 06:31:01 AM
....Murdo Fraser, the Scottish Tories’ Shadow Finance Secretary, said last night: “This is a stark warning from one of Scotland’s largest companies of the dangers of the SNP pursuing their second independence referendum and the negative impact that would have on the Scottish economy. “It’s significant that contrary to the claims of some senior Nationalists, the financial services industry sees the prospect of an independent Scotland on top of Brexit as an added danger rather than an opportunity. ...
Handy bank? image
Source : BBC [Read Article] Monday 4th of July 2016 11:08:54 PM
....". The advent of smartphones and apps has given the global financial services industry - and tech-based start-ups in particular - the opportunity to change the tone and style traditionally associated with finance, believes Mr Maslaveckas. ...
50 years on image
Source : BBC [Read Article] Sunday 26th of June 2016 11:00:42 PM
...."I worked hard to pay it off in five to six years and have had no debt since then," she says. "Despite the fact I now work in the financial services industry, that didn't equip me to manage my finances at a young age. ...
Debt-fuelled growth could trigger financial crash, governments told image
Source : Guardian [Read Article] Sunday 26th of June 2016 05:22:28 PM
.... They have chided governments for doing little more than impose austerity to balance their budgets while refraining from making strategic decisions to develop more sustainable growth. “We need policies that we will not once again regret when the future becomes today,” the BIS said in a 258-page examination of global economic trends and the health of the financial services industry. ...
Market turmoil fears likely to force Mark Carney to abandon ECB meeting image
.... The meeting takes place at a time when volatility in the markets is high and anxiety about the future of the City is swirling. Across the British financial services industry, up to 100,000 financial jobs could be on the line, according to a report for the lobby group CityUK by PricewaterhouseCoopers ahead of the referendum. ...
Grayson Perry creates huge phallus to represent bankers' worldview image
Source : Guardian [Read Article] Wednesday 18th of May 2016 11:01:09 PM
....The artist Grayson Perry has revealed two new works inspired by his experience of the world of high finance, including a giant penis embossed with banknotes and George Osborne’s face. For the final episode of his Channel 4 series exploring masculinity in the 21st century, Perry spent time interviewing the men who control the UK’s financial services industry. ...
Standard Life chairman says boardroom pay is too high image
Source : Guardian [Read Article] Tuesday 17th of May 2016 06:59:34 PM
. The chairman of Standard Life has said that pay across the UK’s financial services industry is too high, as more than a fifth of the insurer’s shareholders voted against its boardroom pay deals. ...
PPI scandal: 'serious risks' of more mis-selling in financial services market image
. There are “serious risks” of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. ...
'Like Dunkirk': Brexit donor trumpets 'fantastic insecurity' of leaving EU image
.... Boris Johnson – the former London mayor – has ridiculed the prime minister, David Cameron, for suggesting that leaving the EU would pose a risk to peace in Europe. Unlike Hargreaves, some of the biggest institutions in London’s financial services industry have come out strongly in favour of staying in the EU amid forecasts of economic damage from leaving. ...
Should we stay or should we go? UK businesses on the EU referendum image
Source : Guardian [Read Article] Saturday 7th of May 2016 02:59:18 PM
.... Yet the result was only higher inflation without a rise in exports. People say we could get rid of unnecessary regulation if we leave, but most of the rules covering the financial services industry brought in over the past 10 years have come from the UK. ...
Big rise in UK firms struggling financially, warns insolvency expert image
Source : Guardian [Read Article] Friday 15th of April 2016 08:20:18 AM
....The number of food and drinks makers suffering significant distress rose the fastest, by 29%, compared with a 17% increase among carmakers and a 21% rise in the broader manufacturing sector. Britain’s financial services industry is also in a much weaker financial position than a year ago, the research found. ...
Source : Reuters [Read Article] Thursday 14th of April 2016 07:27:21 AM
....The platform will allow professional fund selectors at wealth management firms, independent financial advisors and individuals to rank a portfolio of funds, and use their fund-picking prowess as a personal or corporate reputation builder. Kaplan, a partner at Israeli investment house Meitav Dash and with 20 years experience in the financial services industry, said his firm plans to make money by charging asset managers a fee to use their SharingAlpha ranking to attract investors. ...
Labor calls for banking and financial services royal commission image
Source : Guardian [Read Article] Friday 8th of April 2016 04:11:25 AM
....“Australia has one of the strongest banking sectors in the world and we want to keep it strong,” he said. “But public confidence in the banking and financial services industry has taken hit after hit over the previous few years. ...
How old banks are learning from a new breed of tech start-ups image
Source : BBC [Read Article] Thursday 7th of April 2016 11:10:16 PM
...."We're yet to see which type of approach will prove the most fruitful, but industry experts are unanimous in their belief that those banks which bury their heads in the sand and fail to acknowledge the impact of fintechs are putting their entire business at risk," says Vincent Bastid, chief executive of Efma, a research and networking organisation for financial institutions. Efma has just produced a report looking at the impact of fintechs on the established financial services industry. ...
Quantum computing: Game changer or security threat? image
Source : BBC [Read Article] Monday 4th of April 2016 11:02:17 PM
.... . And finding and training computer scientists to understand and use these systems effectively is another big challenge for the financial services industry. ...
MPs want action on 'motherhood penalty' image
Source : BBC [Read Article] Tuesday 22nd of March 2016 12:16:23 AM
...." . Britain's financial services industry is being encouraged to sign up to a charter which could penalise executives if they do not meet targets to increase the number of senior female employees. ...
Mark Carney must hone diplomacy skills – but he's innocent of EU bias image
....He mused that UK assets could be perceived by foreign investors as more risky. And he added that some parts of the financial services industry could relocate. ...
Pensions overhaul could trigger raft of mis-selling claims, warns watchdog image
Source : Guardian [Read Article] Wednesday 24th of February 2016 12:01:23 AM
....2bn has been paid over nearly five years of the PPI furore. The bodies responsible for overseeing the financial services industry – the Financial Conduct Authority, the Financial Ombudsman Service and Financial Services Compensation Scheme - cost £834m to run, but mis-selling remains a “major problem”, the NAO report said. ...
Fintech firms want to open accounts at the Bank of England image
Source : Telegraph [Read Article] Monday 8th of February 2016 05:00:29 AM
.... . The accounts would help give the finance technology (fintech) firms access to the payments system, the infrastructure which currently underlies much of Britain’s financial services industry. ...
The shine has come off Brand Trump but don’t write him off yet image
Source : Telegraph [Read Article] Saturday 6th of February 2016 04:16:11 PM
.... He is pro-choice, backs same-sex marriage, has liberal views on immigration and wants to see tighter gun controls. At the same time, he believes in the free market, is a great supporter of the financial services industry, and has a strong record on law and order, from his time as Mayor. ...
Brexit won't put an end to red tape, warns Bank deputy image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 04:54:54 PM
.... . Andrew Bailey said prime minister David Cameron's renegotiations with Brussels had "a way to go" before the government could say safeguards for Britain's financial services industry had been secured. ...
Super is a $28bn pot of gold for Scott Morrison – but the pain will be felt elsewhere | Greg Jericho image
....Similarly, superannuation concessions greatly favour the wealthiest. The Murray inquiry into the financial services industry found that nearly 60% of the super concessions went to the wealthiest 20% of households. ...
Source : Reuters [Read Article] Tuesday 26th of January 2016 12:38:43 PM
....It also has real consequences for the government. The financial services industry contributed 66 billion pounds in tax in 2013/2014, more than any other UK industry, data published by trade body CityUK showed. ...
Source : Reuters [Read Article] Tuesday 26th of January 2016 12:38:43 PM
....It also has real consequences for the government. The financial services industry contributed 66 billion pounds in tax in 2013/2014, more than any other UK industry, data published by trade body CityUK showed. ...
Memo to the City: focus on free trade, not on politics image
Source : Telegraph [Read Article] Thursday 21st of January 2016 08:16:11 PM
.... A large number of companies are campaigning for Britain to stay part of the EU on the current terms; some are even funding the Remain campaign. Many keep making hysterical statements about what would happen to the financial services industry or the London office market or the car industry were we to leave the EU. ...
Not just China to blame for the steel crisis | Letters image
Source : Guardian [Read Article] Wednesday 20th of January 2016 06:19:40 PM
.... Changing EU law is difficult. Have we asked countries like Germany how they are managing the crisis? What if China flooded the financial services industry? This government is quick to fund new jobs, but slow to protect old jobs in manufacturing industries. ...
Financial services firms remain pessimistic despite healthier profits image
Source : Daily Express [Read Article] Monday 18th of January 2016 12:01:00 AM
....Over the next 12 months, firms expect to increase spending on IT and marketing, but non-IT capital expenditure is predicted to fall. Rain Newton-Smith, the CBI’s director for economics, said: “Despite strong growth in profitability driven by easing cost pressures and increasing business volumes, the financial services industry is alive to downside risks from developments overseas. ...
Clive Selley named BT Openreach boss image
Source : Telegraph [Read Article] Monday 11th of January 2016 10:40:59 AM
.... . Joe Garner, the current chief executive of Openreach, announced his resignation in November after choosing to return to the financial services industry and head up Nationwide. ...
Australia bet the house on never-ending Chinese growth. It might not end well image
.... With incredible complacency, politicians from both sides of parliament basked in the glory and reacted smugly when the US and the eurozone hit a brick wall. So what did Australia do with this rosy outlook? Like a letter of guarantee, the financial services industry used it to convince the international wholesale lending community that the Australian economy was as safe as houses. ...
How Halifax penalises its insurance customers for their loyalty image
Source : Guardian [Read Article] Saturday 2nd of January 2016 06:59:03 AM
.... When the elderly are conned into paying thousands of pounds for shoddy new front drives by rogue tarmacers, the perpetrators can end up in prison. Yet home insurance company bosses are more likely to be awarded a knighthood for services to the financial services industry. ...
Value of fines imposed by City's financial regulator drops 40% image
Source : Guardian [Read Article] Thursday 17th of December 2015 01:35:11 PM
.... On this view the fall off in fines is possibly an indication of this already,” said Peter Snowdon, partner at Norton Rose Fulbright. But Marcus Bonnell, regulatory counsel at the law firm RPC, said: “Clearly the financial services industry cannot breathe a sigh of relief. ...
Banks hire staff outside of London in bid to cut costs image
Source : Telegraph [Read Article] Thursday 10th of December 2015 05:00:04 AM
.... . “The financial services industry in the UK is global in nature,” said Mr Enver. ...
North-south divide set to widen over next three years, study shows image
Source : Guardian [Read Article] Thursday 10th of December 2015 12:01:07 AM
.... “We have been down this path before, and know that it leaves individuals and businesses exposed when interest rates do eventually rise,” he said. The chancellor arrived in No 11 in 2010 determined to heal the deep regional divide in the UK economy, which has tended to see London’s huge financial services industry and frothy housing market relentlessly outpacing the former industrial heartlands of the north. ...
Citigroup staff given a dressing down over unsuitable office attire image
Source : Guardian [Read Article] Monday 7th of December 2015 06:17:15 PM
....“If you experience uncertainty about acceptable professional business attire and business casual attire, please consult your supervisor or human resources,” the presentation reportedly said. There is also a guide to what non client-facing workers can wear on Fridays, which are traditionally more casual than other days of the week for many working in the financial services industry. ...
Alliance Trust chairman Karin Forseke steps down after board shake-up image
Source : Telegraph [Read Article] Friday 27th of November 2015 09:03:46 AM
.... Ms Forseke's career in finance has included three years as chief executive of Carnegie, the Swedish investment bank, and eight years on the board of the Financial Services Authority in the UK. She was awarded an honorary CBE this year for services to the financial services industry. ...
FCA unable to estimate future PPI cost to banks image
Source : Guardian [Read Article] Thursday 26th of November 2015 02:12:37 PM
....The Financial Conduct Authority has admitted it cannot estimate the future costs of compensation faced by banks for payment protection insurance, as it set out its plans to impose a time limit on claims in 2018. While consumer groups are opposed to the limit on making PPI claims – which has already cost the industry £27bn in compensation and administration costs – the FCA argued it would increase confidence in the financial services industry. ...
HSBC sets gender parity target for senior UK roles image
Source : Guardian [Read Article] Wednesday 25th of November 2015 12:10:15 PM
.... In October, that goal was extended to at least a third of boardroom positions at the UK’s biggest companies being held by women by the end of the decade. The government has also put a focus on the financial services industry and earlier this month, Jayne-Anne Gadhia, the chief executive of Virgin Money, published her Treasury-commissioned review of the sector. ...
ABN Amro IPO raises £2.3bn as Dutch government cuts stake image
Source : Telegraph [Read Article] Friday 20th of November 2015 08:28:29 AM
.... . ABN Amro’s €72bn takeover, the financial services industry’s largest ever, proved disastrous when the crisis struck in 2008. ...
City financier Peter Cruddas donates £1m for campaign to leave EU image
Source : Guardian [Read Article] Friday 20th of November 2015 08:17:55 AM
....”. Despite the backing of high-profile figures such as Cruddas, Odey and Hintze, the wider UK financial services industry is seen as largely pro-single market. ...
Why I believe there should be no further action over the £20bn collapse of HBOS image
.... Thirdly, there is an argument, and I appreciate not a popular one, that the trio have suffered enough. Hornby has been vilified, questioned as to his suitability for a number of roles, and ostracised from the financial services industry, which he will never work in again. ...
Bankers and politicians braced for long-delayed HBOS report image
Source : Telegraph [Read Article] Wednesday 18th of November 2015 08:26:07 PM
.... Former HBOS chief executives James Crosby (left) and Andy Hornby are expected to be blamed for many of the problems which led to the bank's collapse in 2008. Following the collapse only one executive was punished formally, as former director and head of corporate broking Peter Cummings was fined £500,000 and banned from the financial services industry. ...
Payday credit checking firm pulls out of the UK image
Source : Telegraph [Read Article] Monday 16th of November 2015 08:00:42 PM
.... . The crackdown on payday lenders is having unforeseen consequences on other parts of the financial services industry  Photo: Getty Images. ...
Ex-HBOS bosses likely to escape fines because of delayed report image
Source : Guardian [Read Article] Sunday 15th of November 2015 02:52:06 PM
....A Bank of England and Financial Conduct Authority report into the debacle is to be published on Thursday after a series of delays. The former chairman, Lord Stevenson, and chief executives James Crosby and Andy Hornby are expected to be heavily criticised in the 500-page report and could face bans from the financial services industry. ...

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