March 6, 2013
BoE’s Mervyn King: Government’s RBS Strategy ‘Nonsense’

http://www.ibtimes.co.uk/articles/442839/20130306/rbs-mervyn-king-boe-banking-commission-osborne.htm

12:46pm  |   URL: http://tmblr.co/Z9sdPwfeV9dp
Filed under: BoE UK RBS Banking Banks Economy Finance Business 
March 4, 2013
European Market Briefing: Shares Edge Lower on Global Growth Concerns  http://www.ibtimes.co.uk/articles/441854/20130304/hsbc-fls-bank-england-sequester-italy.htm

European Market Briefing: Shares Edge Lower on Global Growth Concerns 

http://www.ibtimes.co.uk/articles/441854/20130304/hsbc-fls-bank-england-sequester-italy.htm

2:25pm  |   URL: http://tmblr.co/Z9sdPwfUrfG6
(Notes: 2)
  
Filed under: European Markets Global Growth Italy England HSBC Banking Economy Finance Business 
March 4, 2013
Mis-Selling Derivatives Exclusive: Barclays’ Lawyers Accused of Breaching Code of Conduct http://www.ibtimes.co.uk/articles/441838/20130304/barclays-irsa-mis-selling-derivatives-eversheds-tlt.htm

Mis-Selling Derivatives Exclusive: Barclays’ Lawyers Accused of Breaching Code of Conduct

http://www.ibtimes.co.uk/articles/441838/20130304/barclays-irsa-mis-selling-derivatives-eversheds-tlt.htm

1:47pm  |   URL: http://tmblr.co/Z9sdPwfUmvMc
(Notes: 1)
  
Filed under: Barclays UK Libor Banking Bank Standards libor fixing scandal Economy Finance Business 
February 28, 2013
Occupy London: A Year on from the St Paul’s Cathedral Eviction http://www.ibtimes.co.uk/articles/440572/20130228/occupy-london-eviction-st-paul-s-crg.htm Photo: Reuters

Occupy London: A Year on from the St Paul’s Cathedral Eviction

http://www.ibtimes.co.uk/articles/440572/20130228/occupy-london-eviction-st-paul-s-crg.htm

Photo: Reuters

2:22pm  |   URL: http://tmblr.co/Z9sdPwfBbGWE
(Notes: 1)
  
Filed under: London UK Occupy London Occupy Wall Street St. Paul's Cathedral Banking Politics Society 
February 27, 2013
Lord Turner (Photo: Parliament TV) http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling Turner: There was no information on trader manipulation in Libor. There was no information on the trade room manipulation so you can’t say that ‘here is the info, why didn’t you act’. 

Lord Turner (Photo: Parliament TV)

http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling

Turner:

There was no information on trader manipulation in Libor. There was no information on the trade room manipulation so you can’t say that ‘here is the info, why didn’t you act’. 

10:58am  |   URL: http://tmblr.co/Z9sdPwf6bwfZ
Filed under: Libor libor fixing scandal FSA Banks banking Bank Standards Economy Finance Business UK 
February 27, 2013
FSA Chiefs Face Parliamentary Grilling Live

MPs: The cost of redress is probably greater than what the companies gained from PPI in the first place. The State put a lot of money into banks and to keep them surviving. However these mechanisms are now pulling out all this money. Should we put a stop or a limit on these free falls of claims to stop this

Wheatley:
Claims management companies have created problems with a deluge of claims.PPI redress is approaching £10bn. The FOS is still upholding about 90% of claims.Although you are talking about the bogus claims but an independent adjudicator FOS says that 90% of these are legitimate. It’s only chaos in the sense because the volumes are huge.
 
http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling

10:37am  |   URL: http://tmblr.co/Z9sdPwf6a647
(Notes: 1)
  
Filed under: Bank Standards Banking UK FSA Economy Libor libor fixing scandal Business Finance 
February 27, 2013
FSA Chiefs Face Parliamentary Grilling Live

Wheatley:

Culture change is difficult but we are working very hard with it and to get engaged in that change.

Lord Turner answers Thurso’s question over what Turner would ask Wheatley next year to make sure he had done his job properly:

What are you doing with your new responsibility for consumer credit. Form march next year, the FCA gets that responsibility. It makes the FCA more important for the consumer markets, the people on the street, which it hadn’t been before.

10:33am  |   URL: http://tmblr.co/Z9sdPwf6Zr-Z
Filed under: Libor Economy Finance Business libor fixing scandal Bank Standards Banking banks UK 
February 27, 2013
FSA Chiefs Face Parliamentary Grilling Live

BREAKING: Three arrested in FSA insider dealing investigation

http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling

10:07am  |   URL: http://tmblr.co/Z9sdPwf6XfYX
Filed under: FSA Banking Banks Bank Standards Libor Libor scandal Economy Finance Business 
February 14, 2013
Mis-Selling Derivatives Q&A: Conservative MP and APPG Founder Guto Bebb [Exclusive] http://www.ibtimes.co.uk/articles/435215/20130214/mis-selling-derivatives-guto-bebb-irsa-interest.htm

Mis-Selling Derivatives Q&A: Conservative MP and APPG Founder Guto Bebb [Exclusive]

http://www.ibtimes.co.uk/articles/435215/20130214/mis-selling-derivatives-guto-bebb-irsa-interest.htm

12:17pm  |   URL: http://tmblr.co/Z9sdPwe7Kwde
Filed under: Mis-selling derivatives Libor Libor scandal banking Banks Bank Standards Economy Finance Business UK 
February 14, 2013
Follow the new Banks, Businesses and Scandals IBTimes tumblr blog

http://ibtimesbanksandbusiness.tumblr.com/

9:35am  |   URL: http://tmblr.co/Z9sdPwe75y_K
(Notes: 1)
  
Filed under: Banking Banks Scandals IBTimes UK Economy Finance Business 
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