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.
Lloyds Banking Group has announced details of up to 1,000 job losses, part of previously announced cuts of around 9,000. Unions said they were pressing for no compulsory redundancies and for staff to be redeployed.
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.