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* Fines, misconduct have cost British banks $60 million * Banks have received 20.8 million complaints since 2008 * Fivefold increase in cases going to ombudsman By Matt Scuffham LONDON, Nov 25 (Reuters) - Bad behaviour that has cost British banks 38.5 billion pounds ($60 b
25 Nov 14 23:59ROME, Nov 25 (Reuters) - Eight Italian regions have hired banks to manage a round of bond buybacks for them, the treasury said on Tuesday, in a move aimed at giving indebted local administrations more time to repay their loans. The Italian state is providing cash-strapped regions with the f
25 Nov 14 10:48By Matt Scuffham LONDON, Nov 25 (Reuters) - Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into trouble with his ba
25 Nov 14 10:28* Some card companies profiting from higher risk customers * FCA has concerns over use of cards as revolving credit * FCA has powers to force card issuers to make changes (Adds more detail, industry reaction) By Huw Jones LONDON, Nov 25 (Reuters) - Britain's credit card
25 Nov 14 09:34LONDON, Nov 25 (Reuters) - British banks approved 37,076 mortgages for house purchase in October, the lowest number since May last year, as the housing market continued to slow, the British Bankers' Association said on Tuesday. Mortgage approvals for house purchase fell from 39,127 in Septe
25 Nov 14 09:30US Department of Justice prosecutors are stepping up their major investigation into banks' rigging of the forex markets, conducting interviews with London traders in the coming weeks. Officials from the US Department of Justice will interview current and former bank staff at several UK banks as part
25 Nov 14 09:11* Nationwide H1 profit up 83 pct, margin improves * Overall lending lower than same period last year * CEO says banks are re-entering marketplace (Recasts, adds comments from chief executive) By Matt Scuffham LONDON, Nov 24 (Reuters) - Nationwide, Britain's biggest custo
25 Nov 14 08:22(Adds comment) LONDON, Nov 25 (Reuters) - Britain's credit card market is not working well for some customers who are over-borrowing and paying unexpectedly high interest rates, the Financial Conduct Authority (FCA) said on Tuesday. The regulator said it will study how easy it is for
25 Nov 14 07:35LONDON, Nov 25 (Reuters) - Britain's credit card market is not working well for some customers who are over-borrowing and paying unexpectedly high interest rates, the Financial Conduct Authority (FCA) said on Tuesday. The regulator said it will study how easy it is for customers in Europe's
25 Nov 14 07:11(Adds background on tax, bond deal) NEW YORK/SAN JUAN, Puerto Rico, Nov 24 (Reuters) - Puerto Rico's planned bond deal of up to $2.9 billion will not happen before early 2015, two finance industry sources briefed on the matter said on Monday. The delay comes as Puerto Rico Governor Al
24 Nov 14 18:49SAN JUAN, Puerto Rico/NEW YORK, Nov 24 (Reuters) - Puerto Rico's planned bond deal of up to $2.9 billion will not happen before early 2015, two finance industry sources briefed on the matter said on Monday. The delay comes as Puerto Rico's governor, Alejandro Garcia Padilla, has so far been
24 Nov 14 18:07Barclays have appointed to corporate bankers from the Royal Bank of Scotland (RBS) to aid its expansion in Dubai, according to private sources. Sahibzada Masroor Ali and Joaquin Eliason were both hired, Bloomberg has reported. Ali was previously the head of network client coverage for the Middle Ea
24 Nov 14 14:35UK stocks opened broadly flat on Monday with markets pausing for breath after hitting a two-month high last week. The FTSE 100 was trading down just 0.04% at 6,748 in early deals, with oilfield services group Petrofac providing a drag after a profit warning. The index finished Friday at 6,750.76, a
24 Nov 14 08:24Nov 20 (Reuters) - U.S. federal energy regulators assessed $29 million in civil penalties and disgorgement of unjust profits in its latest fiscal year, far short of the record $444 million imposed in the previous 12 months. The Federal Energy Regulatory Commission on Thursday said its Offic
20 Nov 14 17:56* Taylor says committees must be servants of the board * Boards must fully grasp what's going on (Adds more detail) By Huw Jones LONDON, Nov 20 (Reuters) - Bank boards must have a collective understanding of how much capital the bank needs and the way staff are paid rather tha
20 Nov 14 13:14
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