Posted by seumasach on February 22, 2016
21st February, 2016
Barclays paid Qatari investors a total of £346 million in secret and dishonestly characterised payments as part of a “sham” to secure their participation in the bank’s 2008 emergency fundraising, a £1 billion lawsuit brought by another key investor on the deal has alleged.
Posted in British economy | Tagged: decline of British banks | Leave a Comment »
Posted by seumasach on February 22, 2016
British banks are under fire from all sides. On one side their is threat of eurozone regulation and the planned banking union, on the other are the US regulators. Another British bank, Barclays is engulfed in scandal. Interestingly, Goldman and JPMorgan are funding the “Yes” campaign, while some major hedge-funds are backing”No”. Meanwhile the Chinese are busy constructing their alternative City in London’s Docklands.
22nd February, 2016
HSBC is taking too long to tackle financial crime, US authorities have said, with an official monitor installed at the bank after a money-laundering scandal four years ago raising “significant concerns”.
Posted in British economy, Uncategorized | Tagged: Barclays, decline of British banks, european banking union | Leave a Comment »
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