An “elephant deal” that Barclays executed three years ago has cost the bank �72m in penalties, after the City regulator concluded that the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.
As part of the event the company has also launched its midweek 'Spike Deal' - available on Wednesday November 25th and Thursday November 26 only.
The KPMG offices in Belfast where four partners are on “administrative leave” after anHMRC investigation. Photograph: Niall Carson/PA.
LONDON Nov 26 Taxpayer-backed Lloyds Banking Group said on Thursday it was cutting around 945 jobs in a restructuring plan first outlined a year ago with the aim of reducing the bank's workforce by 9,000.
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.