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....”. Trasta, the Latvian bank at the centre of the scandal, was closed in 2016. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:00:24 PM
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. The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 07:00:14 PM
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....". Brian Wieser, an analyst at the brokerage Pivotal, meanwhile downgraded Google's stock on Monday, saying the scandal would curtail its profits this year. ... [Read full article on BBC ]
Monday 20th of March 2017 10:09:41 AM
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.... Tamim Al-Kawari, its chief executive, said it was "excited about this opportunity to work with Atlas to develop the business, alongside its management team and employees, and to assist it in fulfilling its potential". The deal will be regarded as a return to the City by Mr Diamond, who resigned from Barclays in the wake of the Libor rigging scandal in 2012. ... [Read full article on BBC ]
Friday 17th of March 2017 07:45:59 AM
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. Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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.... “It’s slowly sinking in, the madness of it all. ” Another said Osborne’s expectation that he could do the job and be an MP “just shows the contempt he has for the newspaper, that he thinks being an editor is a part-time basis, that’s the real scandal”. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:51:44 PM
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....Rupert Murdoch has tried before to take full control of Sky. In 2011 News Corp, which owns The Times and The Sun, made an offer but it was abandoned in the wake of the phone hacking scandal. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:37:23 AM
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....She had failed to mention, before her appointment, that her brother was a senior executive at Barclays - a lender regulated by the Bank of England. In the speech, Mr Carney said: "A series of scandals ranging from mis-selling to manipulation have undermined trust in banking, the financial system, and, to some degree, markets themselves. ... [Read full article on BBC ]
Tuesday 21st of March 2017 11:22:41 AM
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.... . China has banned red meat imports from Brazil, while the European Union said it would stop buying from companies implicated in the scandal. ... [Read full article on BBC ]
Monday 20th of March 2017 08:39:48 PM
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....France's consumer affairs body passed a file on Fiat Chrysler to the courts for possible investigation in February. Tests by French regulators last year, launched in the wake of the Volkswagen emissions test-cheating scandal, revealed pollutants from some Fiat Chrysler and other car maker's models exceeded regulatory limits. ... [Read full article on BBC ]
Tuesday 21st of March 2017 08:12:41 PM
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. More than 35,000 motorists have joined a class action lawsuit against VW in England and Wales over the emissions scandal. ... [Read full article on Guardian ]
Monday 20th of March 2017 10:27:25 AM
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....Rupert Murdoch’s £11. 7bn takeover bid for Sky is to be investigated by the media regulator to see if it gives him too much control of news output in the UK and whether the Murdoch family are “fit and proper” owners following the phone-hacking scandal. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:35:05 AM
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....Lotte Group has more than 90 firms in sectors as diverse as beer, hotels, theme parks and chemicals. Since the financial scandal became public, it has already led to the firm pulling out of a share sale worth as much as $4. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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....Field, who co-led the parliamentary investigation into the collapse of the retailer, called on the billionaire tycoon to hand the £15m to BHS pensioners to make up for the shortfall in their benefits. The Pensions Regulator and Green announced they had reached a settlement over the BHS pensions scandal last month. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:30:06 AM
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.... to acquire Panmure Gordon. The deal marks a return to the Square Mile for an American banker whose high-flying career came to a halt in 2012 when he was forced to quit Barclays in the wake of the Libor rigging scandal. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:15:51 AM
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....Ofcom said it cut what would have been a £1m-plus fine by 20% to “reflect Plusnet’s willingness to enter a formal settlement”. The hefty fine is the latest headache for Gavin Patterson, the chief executive of BT, who has endured a torrid year that has included an accounting scandal at its Italian operation that wiped £8bn off its shares. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 02:35:18 PM
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Latest Finance News related to Scandal

Plusnet fined £880,000 for charging more than 1,000 ex-customers image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 02:35:18 PM
....Ofcom said it cut what would have been a £1m-plus fine by 20% to “reflect Plusnet’s willingness to enter a formal settlement”. The hefty fine is the latest headache for Gavin Patterson, the chief executive of BT, who has endured a torrid year that has included an accounting scandal at its Italian operation that wiped £8bn off its shares. ...
Fiat Chrysler diesel emissions investigated in France image
Source : BBC [Read Article] Tuesday 21st of March 2017 08:12:41 PM
....France's consumer affairs body passed a file on Fiat Chrysler to the courts for possible investigation in February. Tests by French regulators last year, launched in the wake of the Volkswagen emissions test-cheating scandal, revealed pollutants from some Fiat Chrysler and other car maker's models exceeded regulatory limits. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
. The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
. Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... So much, that he couldn’t quite remember any of it. The shadow chancellor, John McDonnell, began by accusing Kirby of complacency – this was harsh; Kirby might be stupid, but that doesn’t necessarily make him complacent – before going on to point out that, of the banks implicated in the scandal, HSBC had form, RBS was three-quarters owned by the government and Barclays had been involved in Libor rigging. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
....She had failed to mention, before her appointment, that her brother was a senior executive at Barclays - a lender regulated by the Bank of England. In the speech, Mr Carney said: "A series of scandals ranging from mis-selling to manipulation have undermined trust in banking, the financial system, and, to some degree, markets themselves. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....Lotte Group has more than 90 firms in sectors as diverse as beer, hotels, theme parks and chemicals. Since the financial scandal became public, it has already led to the firm pulling out of a share sale worth as much as $4. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....Field, who co-led the parliamentary investigation into the collapse of the retailer, called on the billionaire tycoon to hand the £15m to BHS pensioners to make up for the shortfall in their benefits. The Pensions Regulator and Green announced they had reached a settlement over the BHS pensions scandal last month. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
.... . China has banned red meat imports from Brazil, while the European Union said it would stop buying from companies implicated in the scandal. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
. More than 35,000 motorists have joined a class action lawsuit against VW in England and Wales over the emissions scandal. ...
Google apologises after ads appear next to extremist content image
Source : BBC [Read Article] Monday 20th of March 2017 10:09:41 AM
....". Brian Wieser, an analyst at the brokerage Pivotal, meanwhile downgraded Google's stock on Monday, saying the scandal would curtail its profits this year. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
.... “It’s slowly sinking in, the madness of it all. ” Another said Osborne’s expectation that he could do the job and be an MP “just shows the contempt he has for the newspaper, that he thinks being an editor is a part-time basis, that’s the real scandal”. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
.... to acquire Panmure Gordon. The deal marks a return to the Square Mile for an American banker whose high-flying career came to a halt in 2012 when he was forced to quit Barclays in the wake of the Libor rigging scandal. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
.... Tamim Al-Kawari, its chief executive, said it was "excited about this opportunity to work with Atlas to develop the business, alongside its management team and employees, and to assist it in fulfilling its potential". The deal will be regarded as a return to the City by Mr Diamond, who resigned from Barclays in the wake of the Libor rigging scandal in 2012. ...
Fox takeover bid for Sky to be reviewed image
Source : BBC [Read Article] Thursday 16th of March 2017 11:37:23 AM
....Rupert Murdoch has tried before to take full control of Sky. In 2011 News Corp, which owns The Times and The Sun, made an offer but it was abandoned in the wake of the phone hacking scandal. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....Rupert Murdoch’s £11. 7bn takeover bid for Sky is to be investigated by the media regulator to see if it gives him too much control of news output in the UK and whether the Murdoch family are “fit and proper” owners following the phone-hacking scandal. ...
Audi and VW sites raided in emissions probe image
Source : BBC [Read Article] Wednesday 15th of March 2017 03:32:14 PM
....Prosecutors from three German states said the raids were in connection to some 80,000 V6 3. 0-litre diesel cars sold in the US between 2009 and 2015, whose buyers were unaware of the emissions scandal. ...
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
....The company is the second largest chipmaker in the world, behind Samsung. Toshiba is also still struggling to recover from a scandal in 2015, when it emerged that profits had been overstated for seven years. ...
Bank of England deputy Charlotte Hogg to face MPs' verdict image
Source : Guardian [Read Article] Monday 13th of March 2017 07:57:32 PM
....Both her parents are peers. Her father is Douglas, who retired from parliament shortly after the expenses scandal, and is the 3rd Viscount Hailsham. ...
Employment agency at centre of Sports Direct scandal axed by Amazon image
Source : Guardian [Read Article] Monday 13th of March 2017 07:52:39 PM
. Transline Group, one of the employment agencies at the centre of the Sports Direct scandal, has been axed from supplying temporary warehousing staff to Amazon, the world’s largest online retailer. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
. It has been a year and a half since the diesel emissions scandal at the German carmaker Volkswagen first came to light. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....Those challenges make the appointment of a new chief executive even more crucial for investors, a search which will now be led by Mr Tucker. HSBC has also been attempting to repair its image after a series of scandals. ...
Diesel emissions: the clues were there image
Source : Guardian [Read Article] Sunday 12th of March 2017 09:30:14 PM
. It is amazing that the Volkswagen and diesel emissions scandal was not discovered earlier. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
.... Gas and electricity companies have been able to compete for customers since 2001, after the old regional electricity boards were transformed into the big six through a series of mergers. That led to the doorstep mis-selling scandals when customers were signed up to switch provider without their knowledge, ending in multimillion-pound fines for EDF, Npower, British Gas and SSE. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
....Both her parents are peers and both served in John Major’s government. Douglas, who retired from parliament shortly after the expenses scandal, holds the title of 3rd Viscount Hailsham. ...
Volkswagen pleads guilty to all criminal charges in emissions cheating scandal image
....The German automaker has already agreed to pay $4. 3bn in civil and criminal penalties – the largest ever levied by the US government against an automaker –although VW’s total cost of the scandal has been pegged at about $21bn, including a pledge to repair or buy back vehicles. ...
VW pleads guilty to US emissions charges image
Source : BBC [Read Article] Friday 10th of March 2017 04:02:31 PM
....3bn (£3. 5bn) agreement with the US regulators over the diesel emissions scandal. ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
....The FCA also said that some customers may have new grounds to complain. Since the PPI scandal broke, Lloyds has set aside total compensation of £17bn. ...
VW and Tata agree partnership to boost sales in India image
Source : BBC [Read Article] Friday 10th of March 2017 12:27:03 PM
....VW's Skoda unit will lead the project to develop components and vehicles. VW is looking for new markets as it recovers from its diesel emissions scandal. ...
BT Openreach deal could pave way for cheaper, faster broadband image
Source : Guardian [Read Article] Friday 10th of March 2017 07:32:13 AM
....2bn deal for exclusive Champions League rights for a further three years – who has endured a torrid few months. Patterson has been trying to keep BT on track after the financial and reputational damage of an accounting scandal at its Italian operation triggered one of its biggest ever one-day share price falls and wiping £8bn off its shares. ...
Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
....Sports Direct’s decision to allow a worker representative to attend its board meetings is not enough to solve the retailer’s deep corporate governance failings, unions and business leaders have warned. The company founded and run by Mike Ashley began the process of appointing a staff representative on Tuesday after caving in to pressure from shareholders and MPs following a series of scandals over the way the company is run and how it treats its staff. ...
Samsung chief Lee Jae-Yong on trial for bribery image
Source : BBC [Read Article] Thursday 9th of March 2017 06:30:31 AM
.... . The case is linked to a massive scandal that led to the impeachment of South Korea's President Park Geun-hye. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
.... . In February 2017, Lee Jae-yong was arrested and then charged over his alleged role in a political and corporate scandal, linked to South Korea's impeached president, Park Geun-hye. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....". Ms Bradley also questioned whether the proposed deal threatened broadcasting standards, singling out "corporate governance failures" at News Corp during the phone-hacking scandal of 2011 as a cause for concern. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... In reality, it’s a sticking plaster for a gaping wound. Hammond claiming people are “enjoying the security and dignity of work”, while offering a token rise in the national minimum wage, ignored the scandal of in-work poverty, and the nurses and shop staff working full-time but increasingly enduring evictions and food banks. ...
FTSE 100 ends lower after Budget speech image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:03:23 AM
....Other strong performers included the world's largest security firm, G4S, which jumped 8% following a strong set of results. The firm, which is seeking to put a number of historic scandals behind it, said its sales rose 6% in 2016, while pre-tax profits at its continuing businesses climbed 14%. ...
Blood couriers launch case challenging self-employed status image
Source : Guardian [Read Article] Tuesday 7th of March 2017 05:19:22 PM
.... They are paid at a rate determined by DX, which is not usually negotiable. The DX and TDL cases have emerged as employment experts call on the government to tackle exploitation of the lower-paid by abolishing different categories of worker after a string of scandals concerning the treatment of lower paid workers in the UK. ...
How to save WH Smith from its 'godawful uniformity' image
Source : Guardian [Read Article] Tuesday 7th of March 2017 04:52:17 PM
....WH Smith was founded in 1792 and has become an integral part of British high-street life – but in recent years it has suffered. As a damning piece in Management Today pointed out in 2015, it made rising profits on falling sales by under-investing and pushing up prices (particularly in store locations where there is little other choice, such as train stations and – more scandalously – hospitals). ...
High levels of violence and use of force at last G4S-run child jail, report finds image
....An Ofsted report into Oakhill secure training centre (STC), near Milton Keynes, says that inspectors witnessed staff “struggling to maintain order and control” and a subsequent “over-reliance on more extreme measures … including a high level of the use of force”. The inspectors say the decision by the private security company, G4S, to sell its children’s services sector after a BBC Panorama programme about an abuse scandal and cover-up at Medway child jail last year has been a key factor in problems at Oakhill, with an increasing number of staff leaving. ...
Bank of England deputy governor gets warning over conflict of interest image
....A week ago, at her appointment hearing at the Treasury select committee, she admitted “no question, I’ve been incredibly lucky with the family I was born into”. Her father Douglas – now the third Viscount Hailsham – was Conservative MP for Grantham, Lincolnshire and held ministerial positions and was embroiled in the expenses scandal, which exposed his claim for cleaning the moat at the family Lincolnshire seat in Kettlethorpe Hall. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
....2bn Champions League rights victory putting its business back on track after a torrid 12 months. A boost is needed after the financial and reputational damage of an accounting scandal at its Italian operation and the protracted battle with the industry watchdog over the future of its broadband division. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
. Sir Philip Green has agreed a deal to pump as much as £50m a year into the pension fund behind his fashion business, Arcadia, to plug a growing deficit, just days after reaching a settlement over the BHS pension scandal. ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
.... One could equally construct a line-up of horror stories involving companies with dominant shareholders and unconventional governance. Robert Maxwell’s Mirror Group and Asil Nadir’s Polly Peck were the great financial scandals of the early 1990s that prompted the City of London to get serious about good governance for the first time. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
.... Later the position reversed and Shell began legal proceedings against the Nigerian government. Etete was convicted in a Paris court in 2007 for his part in a separate money-laundering scandal. ...
Budget 2017: Is G4S trying to bury its results on Wednesday? image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:01:28 AM
.... That’s the boat, not Green. Now the end of the Sir Philip Green and BHS scandal seems to be approaching, parliament’s business, energy and industrial strategy select committee is looking for fresh targets. ...
Will the  diesel car you are driving today be worthless in five years’ time? image
.... Owners had to either install new exhaust systems, or sell to avoid paying a £100 or £200 charge for every day the vehicle was driven. Diesel cars were once a sound financial choice for motorway-pounding reps, but the body blow was the VW emissions scandal, which lifted the lid on just how bad such cars and vans have been for urban environments. ...
Every time we take an Uber we’re spreading its social poison | Laurie Penny image
.... Truer words were never spoken by a tycoon: for Uber, along with many other aggressive corporations, not taking responsibility for your own shit isn’t just a philosophy, it’s a business model. Uber has barely been out of the news this year, with a succession of scandals cementing the company’s reputation as a byword for cod-libertarian douchebaggery. ...
UK culture secretary 'minded to' refer Sky takeover to Ofcom image
Source : Guardian [Read Article] Friday 3rd of March 2017 12:17:29 PM
....“The public has serious doubts as to whether Rupert Murdoch is fit to take even more control over the UK’s media,” said Maggie Chao, from campaigning group 38 Degrees. “Memories of the phone hacking scandal are still fresh. ...
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
....Britain’s financial watchdog has admitted that only one in five potential complaints about mis-sold payment protection insurance had been made so far, as it set a final deadline of August 2019 for filing claims. The cut-off of 29 August 2019 provoked an outcry from consumer groups, but will be welcome news for UK banks, which have set aside more than £40bn to cover compensation payments and other costs relating to Britain’s biggest mis-selling scandal . ...
BT chief attacks rampant price rises for TV sports rights image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:02 PM
....Ahead of a decision on the next three-year deal, which could be announced as soon as next week, BT chief Gavin Patterson said that “rampant inflation in sports rights” has to end. Patterson, who has been dealing with the fallout from a huge accounting scandal that has cost the company more than £500m to date, said that a limited period of inflation was expected after BT drove a 70% rise in the value of the Premier League rights when it won a large slice of rights previously held by Sky to launch BT Sport in 2012. ...
'Timid' financial regulator needs more powers, Lord Myners says image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:03:29 AM
....The FRC said it had requested more powers to tackle bad behaviour. From the end of MG Rover, to the near-collapse of Royal Bank of Scotland and HBOS, through to Tesco's accounting scandal and BHS's extinction, failings in corporate leadership have continued to stalk UK businesses. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
....People seeking compensation over mis-sold payment protection insurance (PPI) will have to make their claims before 29 August 2019. The final deadline has been set by the Financial Conduct Authority (FCA) in an effort to draw a line under one of the banking industry's biggest scandals. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
....”. The ongoing enforcement action by the Pensions Regulator shows the settlement with Green is not the end of one of the biggest corporate scandals in Britain. ...
Whisper it: small towns need a Waterstones | Fay Schopen image
Source : Guardian [Read Article] Wednesday 1st of March 2017 10:40:00 AM
....Four years ago I moved to Whitstable, a charming seaside town, much like Rye or Southwold, and stuffed full of independent shops. Shortly before I arrived a similar scandal had beset the town – a coffee shop, Harris + Hoole, had attempted to open, only to be swiftly unmasked as part of a chain, at the time 49% owned by Tesco. ...
Murdoch's 21st Century Fox bid for Sky should be rejected, minister told image
Source : Guardian [Read Article] Wednesday 1st of March 2017 09:38:50 AM
....In the summary to the report, the coalition argues that its objections are “linked to, but separate from” the concerns over the “fit and proper” person test. This was raised during the last attempt by the Murdochs to take over the whole of Sky at the height of the phone-hacking scandal in 2011. ...
Rupert Murdoch’s 21st Century Fox to formally notify EU of Sky bid image
Source : Guardian [Read Article] Tuesday 28th of February 2017 03:50:03 PM
....His ownership of UK news media also includes the Times, the Sunday Times and the Sun as well as radio group TalkSport, which he controls through a separate company, News Corp. Given the level of opposition to Murdoch’s first bid for Sky in 2011, which was eventually abandoned because of the fallout from the phone-hacking scandal that was engulfing his UK newspapers, Bradley is expected to refer the deal to media regulator Ofcom. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....The pensions deal should calm the reputational storm which has engulfed Green, the self-styled king of the British high street. The 64-year-old fashion tycoon, who also owns Topshop, Wallis, Miss Selfridge and Burton, has been forced to curtail his public appearances since the scandal, including missing Topshop’s London fashion week show, where he usually has a front row seat. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
. The acting head of Samsung has been indicted on bribery and embezzlement charges connected to a corruption and cronyism scandal centring on South Korea’s impeached president, Park Geun-hye. ...
Landline charges for 2m customers to be cut as telecoms watchdog steps in image
Source : Guardian [Read Article] Tuesday 28th of February 2017 09:12:38 AM
.... Tom Watson, shadow secretary of state for culture, media and sport, said: “This landline rip-off can’t go on any longer. It’s a scandal that service providers have increased landline prices year on year despite benefiting from significant decreases in wholesale costs. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
....Samsung's heir apparent Lee Jae-yong is to be formally indicted on multiple charges including bribery and embezzlement, prosecutors said. The case is tied to the scandal which led to the impeachment of the country's president, Park Geun-hye. ...
PPI still dominates financial ombudsman's in-tray image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:14:54 AM
...."The FCA's proposals - including the PPI deadline - are likely to heavily influence our complaints volumes," Ms Wayman said. Millions of people have already been paid compensation following what was one of the banking industry's biggest scandals. ...
Vast losses at RBS are a legacy of a failed system | Will Hutton image
Source : Guardian [Read Article] Sunday 26th of February 2017 12:05:15 AM
.... Then there are the never-ending accounting and contractual irregularities that plague the public outsourcing industry, from Serco to G4S. It is not only a British phenomenon – Germany’s Volkswagen remains at the heart of a swirling scandal in tricking regulators over the emissions of its diesel engines. ...
VW cracks down on executive pay after diesel scandal image
Source : BBC [Read Article] Friday 24th of February 2017 08:46:49 PM
. Volkswagen will set caps on executive pay, the German carmaker said as it announced a return to profit for 2016 following the "dieselgate" scandal. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
....Rato, who led the IMF from 2004 to 2007, and was a key figure in the conservative People’s party (Partido Popular or PP), was greeted with cries of “thief”, “fraud” and “thugs” when the trial began in September. The sentence is yet another embarrassment for the PP government of Mariano Rajoy, which is already mired in a series of high-profile corruption scandals. ...
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
.... Most of all, Britain’s botched newbuilds demand a political prominence they have so far been denied. Words like “scandal” are too easily bandied around, but they fit these stories. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
.... . Shareholders baulked at warnings from chairman John McFarlane that "significant challenges remain" as the bank fights US authorities over allegations surrounding its part in a mortgage bond mis-selling scandal. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
.... A total of 364 Barclays staff were paid more than £1m last year, including 11 who received more than £5m. The bank, which has been scrambling to repair its reputation since the 2012 Libor rate-fixing scandal, is fighting the US Department of Justice over a decade-old mortgage bond misselling scandal. ...
Carlos Ghosn refocuses Nissan role image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:33:29 AM
.... . Nissan bought a 34% stake in Mitsubishi Motors last year in the wake of Mitsubishi's fuel efficiency scandal. ...
Supermarket sourcing image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:18:01 AM
.... . The recent scandal at Waitrose, which was forced to rebrand the lamb ready meals in its "British" range because some are made with lamb from New Zealand, has highlighted the issue. ...
Uber hires Eric Holder to investigate sexual harassment allegations image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:06:50 AM
....Fowler alleged that when she left Uber at the end of 2016, out of over 150 engineers in the site reliability engineering teams, only 3% were women. This is not the first time a tech corporation has hired Holder in the wake of a discrimination scandal. ...
Volkswagen boss says firm in Europe 'misled nobody' over emissions image
Source : Guardian [Read Article] Tuesday 21st of February 2017 01:09:54 AM
. MPs have reacted with incredulity after the boss of Volkswagen told them the company in Europe had done nothing wrong and “misled nobody”, despite having agreed a multibillion-dollar settlement in the US over the emissions-rigging scandal. ...
Uber launches 'urgent investigation' into sexual harassment claims image
Source : Guardian [Read Article] Monday 20th of February 2017 01:36:50 AM
.... Facebook, Apple and Google have all disclosed diversity statistics. Fowler’s harassment and discrimination claims are the latest scandal to hit Uber following the viral #DeleteUber campaign centered on Kalanick’s participation on Donald Trump’s economic advisory council. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
....Clarity over the state aid obligation would resolve one of the hurdles chancellor Philip Hammond cited last year when he abandoned any hope of selling off any more shares in RBS – in which the stake is now 73% after parcel of shares was sold in 2015. Among other issues raised by the chancellor is the uncertainty over a settlement with the US over a toxic bond mis-selling scandal and last month the bank took a £3. ...

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