A Barclays’ manager that used her access to the bank’s system to siphon thousands of pounds into her daughter’s account has been given a suspended jail sentence.
Janet Wylde, 56, used her position at an east London Barclays branch to help her debt-ridden daughter gain access to almost 17,000 pounds. Using ...
Written by Ben Lloyd · Filed Under Business | Comments Off
Britain’s major banks are nearing a deal with MPs to provide millions of pounds to small business this year.
The government has been in negotiations with the five major banks in the UK – Santander, HSBC, Royal Bank of Scotland, Lloyds and Barclays – as they work under Project Merlin to ...
Britain’s largest banks have a habit of sharing customer data, said the chief executive of Tesco Bank. He adds that the practice is limiting competition from smaller local banks.
Benny Higgins, Tesco Bank’s boss, told the Treasury Select Committee that several of the UK’s largest banks are operating a ‘closed user ...
Royal Bank of Scotland and Barclays relied on tens of billions of pounds from US financial support at the peak of the credit crunch two years ago, it was revealed last night in published documents.
The Edinburgh banking giant borrowed as much as £14.3billion from the Federal Reserve directly during October ...
Global Witness, an anti-corruption organisation, has alleged that four major UK banks allowed Nigerian governors to deposit questionable sums of money into accounts at their institutions.
According to the document, Barclays, Royal Bank of Scotland, Natwest and HSBC all accepted financial exchanges with two governors that have been part of the ...
Lloyds Banking group has topped a list of banks faced with the highest numbers of customer complaints.
According to the City regulator, the state-backed banking group – which encompasses several different brands – received over 280,000 complaints during the first half of this year. However, Lloyds is saying it only received ...
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Barclays' president is among a host of other industry players that have been called into the courtroom drama during the next two weeks. The court case is expected to captivate Wall Street and international markets, as a New York bankruptcy court decides the legitimacy of Barclays purchase of the Lehman ...
Written by Mary Drew · Filed Under Business | Comments Off
Lord Mandelson, the First Secretary of State and Business Secretary, has personally attacked Bob Diamond, the American president of Barclays. He has branded the bank boss as unacceptable in the face of banking due to taking an unjustifiable £63 million salary.
Madelson believes that Diamond didn't earn the money through ...
The second largest bank in the UK, Barclays, said on Monday that are reorganizing their activities into 3 divisions, as well as plan to exit an Indonesian unit. They expect the cost of all this to be £100 million.
In the statement, the company says that Barclays Corporate, which is ...
Barclays have recently published the results of their Have Your Say survey which aimed to look at how the U.K.'s small business community was coping with the present economic conditions. Launched in June, the online survey has already received 4,000 replies. One of the major worries for small businesses has ...
Written by Steven Adams · Filed Under Business | Comments Off
