An “elephant deal” that Barclays executed three years ago has cost the bank �72m in penalties, after the City regulator concluded the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.
LONDON— Tesco TSCDY 2.22 % PLC said on Thursday it has reached agreement in principle to pay $12 million to settle a class-action lawsuit in New York over an accounting scandal that tarnished the retailer's reputation.
In the latest battle against newer taxi rivals such as Uber, London cabs will soon accept card and contactless payments. The proposals are being put forward by the Mayor and Transport for London (TfL), and are expected to be approved by the TfL Board ...
Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion. HMRC officials visited the accountancy firm's city centre office yesterday and detained the men.
French spirits producer R�my Cointreau saw organic sales fall 5.9 per cent during the first half of its fiscal year, dragged down by continuing weakness in the Chinese market.