The city council is suing one of the world’s largest banks over loans which it claims were manipulated. The Labour-run council is one of seven local authorities taking legal action…
Category: Financial News
Clydesdale Bank reaps Virgin savings; Brexit, mortgage slowdown cloud outlook
ASX-listed Clydesdale & Yorkshire Bank is reaping greater than expected synergies from its purchase of Virgin Money last October, though it warned of a slowdown in mortgage lending and a…
RBS sued by Newham council over the terms of £150m in loans
Newham council is suing Royal Bank of Scotland over the terms of about £150m in complex bank loans, making it the latest UK bank to face a lawsuit over lending…
Mastercard Consumer Class Action Should Get OK, Court Told
Britain’s former financial ombudsman asked a London appeals court on Tuesday to allow a multibillion-pound lawsuit involving potentially millions of claimants to go ahead against Mastercard Inc. over credit card…
Virgin Money owner braced for revolt over bosses’ pay
CYBG bank faces showdown in new wave of discontent. Boardrooms are braced for a string of investor revolts in the coming weeks as shareholders continue to vent their anger over…
MP slams City watchdog over interest swaps
A prominent MP has blasted the head of the Financial Conduct Authority (FCA), Andrew Bailey, over the watchdog’s response to alleged mis-selling by Clydesdale Bank. Conservative MP Kevin Hollinrake, head of the all…