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BANKING NEWS

How many bankers were jailed for their part in the financial crisis?

How many bankers were jailed for their part in the financial crisis?
By Georgina LeeIt’s ten years since the credit crunch began, triggering the biggest global downturn since World War II. In the UK, 1.3 million people were made redundant between 2007 and 2010, and we’re still £30 a week worse off on average than we were ...

SoftBank says considering investment in Uber but no final agreement reached

SoftBank says considering investment in Uber but no final agreement reached
Reuters StaffTOKYO (Reuters) - Japan’s SoftBank Group Corp (9984.T) said on Tuesday it was considering investing in Uber Technologies Inc [UBER.UL] but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are ...

Credit Suisse Pays $135 Million to Settle New York FX Probe

Credit Suisse Pays $135 Million to Settle New York FX Probe
By Greg Farrell @gregfarrelCredit Suisse AG will pay $135 million to resolve currency-manipulation allegations by New York’s banking regulator, the latest echo from authorities’ long-running scrutiny of foreign-currency trading at big banks. Traders at ...

German prosecutors raid Commerzbank in tax evasion probe

German prosecutors raid Commerzbank in tax evasion probe
By Tom Sims, Hans SeidenstueckerFRANKFURT (Reuters) - Germany’s Commerzbank (CBKG.DE) has become the target of a tax evasion probe in which several current and former managers are suspected of evading 40 million euros (35.59 million pounds) in taxes via ...

Barclay brothers lose £1.25bn tax case against HMRC

Barclay brothers lose £1.25bn tax case against HMRC
By Rupert Neate Wealth correspondentSupreme court rules the taxman will not have to repay Barclay-owned Littlewoods more than £1bn in interest on historic VAT overpaymentsThe billionaire Barclay brothers have lost a legal battle with HM Revenue & Customs, ...

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Who's behind the blog

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