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Fca Defends Decision Not To Act Over Rbs Small Firms Scandal - Latest News


FCA defends decision not to act over RBS small firms scandal

The City watchdog says its powers to discipline anyone for misconduct do not apply in the case of RBS' global restructuring group. Image: The Royal Bank of Scotland has offered a total of £125m in com... read more

The sorry history of the near-destruction of investment banking at RBS

If RBS's investment ... decisions that have been criticised, this does not mean that they misled investors or acted illegally. We believe we have strong defences to the claims that are being brought a... read more

Closed EU referendum live: UK heads to the polls

Britain’s day of decision has finally arrived. After a long, wearying referendum campaign, the British people will on Thursday resolve whether or not their country ... s banks and brokers over the nex... read more

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RBS managers will escape action over small firms scandal, says City watchdog

Royal Bank of Scotland and its senior managers will not face ... of small firms by GRG. It came amid widespread criticism over the FCA’s handling of the investigation and failure to make the report pu... read more


Bankers escape reckoning again: Anger as RBS in the clear over small business scandal

The City regulator has confirmed that the part taxpayer-owned Edinburgh-based bank and its senior managers will not face disciplinary action over the treatment of small firms ... RBS pushed his hotel ... read more

UK ruling could land banks with 33 billion pound compensation bill - study

The case was brought by Susan Plevin over a policy sold in 2006, and has become known as the Plevin case. The Financial Conduct ... decision (including to previously settled cases), it is not practica... read more

MPs call for new powers for watchdog after inaction on RBS

urgently consider what additional powers the FCA requires to act in cases such as GRG," she said. The RBS ... small firms affected by bank misconduct, said members of the group were "shocked and disap... read more

The Morning Risk Report: Hacking Verdict Won’t Deter UK Enforcement

"We do not ... over threats. Wonga Group, Britain's biggest payday lender, was slapped with a £2.6 million ($4.4 million) compensation bill by the Financial Conduct Authority on Wednesday for threaten... read more

UBS Thinks Stamford Is To Blame For Its Problems, Considering Hightailing It Out Of Connecticut

As we have reported, the equities team will be moving to New York later this summer and after casually mulling over the idea ... Manhattan or Brooklyn, not in Stamford, Conn., which is about 35 miles ... read more

Tech trade body calls on UK to improve its banking infrastructure

The Intellect trade body, which has over 800 small ... (FCA) and extra powers at the Bank of England are being called upon to act. Intellect says they should mandate change by requiring banks to ensur... read more

FCA defends decision not to act over RBS small firms scandal

The Financial Conduct Authority has defended its decision not to take punitive action against the Royal Bank of Scotland (LSE: RBS.L - news) over the bank's treatment of small businesses by its global ... read more

The sorry history of the near-destruction of investment banking at RBS

The RBS collapse did not come suddenly ... RBS told Business Insider: “We have worked in line with the FCA agreed process to ensure that all customers mis-sold these products get fair and reasonable r... read more



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