UK banks face class action suit by investors over forex rigging
The lawsuit is funded by litigation funding firm Therium and led by the former pensions regulator chair...
Tag : Royal bank of Scotland
Alawwal Bank, Saudi British Bank merger completion to benefit RBS
RBS said that the merger would strengthen its core capital and help it shed £4.7bn worth of risk-weighted assets...
Paragon expands business with series of new appointments
Jan Greenhalgh is among the recent uptake of new starters as Head of New Business in Asset finance...
‘The ‘business as usual’ approach is no longer desirable’
Keith Brown MSP, Cabinet Secretary for the Economy, Jobs & Fair Work, Scottish Government on the aftermath of the global financial crisis...
Scaling up impact investments to take centre stage at GEFF
Under the patronage of the Scottish Government, the 2nd edition of GEFF will focus on the vast opportunity for investors in balancing risk and reward...
GEFF to highlight the massive potential Sustainable Capitalism harbours
The 2nd edition of GEFF will spearhead a panel session focusing on the vast opportunities that come with embracing a long-term sustainable approach...
European Banking is getting Scary
The loss of confidence in the European banking system stemming from the Cypriot crisis will not only weigh on the banks but also but also on the economy of the region. The European Banking Crisis The European banking crisis has a dark history, on September 29th 2009, governments of European bigwigs Germany, Iceland to name...
McKinsey Report Says Twenty Percent of Banks May Shrink or Merge
Return on equity (RoE) dropped as low as 4 percent across the industry in 2008 after the financial crisis and remains below the average cost of capital, estimated at 10-12 percent. November 8th ,2013 : One fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” in...
Transatlantic Exchange Operator to Takeover Scandal hit LIBOR
The winning subsidiary known as NYSE Euronext Rate Administration Limited is scheduled to complete the transfer by 2014. July 11,2013 : International Finance Magazine reports on the takeover of the traditional rate setter by an independent private company and a threadbare analysis of how the new mechanism shall prevent fraudulent rate setting by elite banks and...