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BANKING NEWS

UK watchdog drops inquiry into former Barclays executive Richard Boath

UK watchdog drops inquiry into former Barclays executive Richard Boath
By Caroline Binham, Financial Regulation CorrespondentDecision relayed after bank brass appear in court on case brought by Serious Fraud OfficeOne of four former top brass at Barclays charged with criminal offences stemming from an emergency 2008 cash call is ...

Geneva banks, stung by tax evasion crackdown, see rosier 2018

Geneva banks, stung by tax evasion crackdown, see rosier 2018
By Reuters Staff GENEVA (Reuters) - Geneva’s financial sector is turning more positive after its fears about 2017 turned out to be overdone, an annual survey by the Swiss city’s banking association showed on Tuesday.  Half of Geneva’s big banks - those ...

Big bank to move headquarters out of Catalonia

Big bank to move headquarters out of Catalonia
By Michael Stothard in Madrid and Tobias Buck in BarcelonaSabadell decision comes as relations between Barcelona and Madrid deteriorate furtherThe second-largest bank based in Catalonia has decided to move its legal headquarters out of the region as Catalan ...

ECB asks banks to set aside more cash for bad debt amid €1tn problem

ECB asks banks to set aside more cash for bad debt amid €1tn problem
By Jill Treanor City editor Central bank attempts to prevent creation of new eurozone debt pile by making it more expensive to hold problem loansThe European Central Bank is attempting to put a lid on the near €1tn (£886bn) of bad debts stored in ...

Bank Hapoalim says U.S. tax settlement may be higher than thought

Bank Hapoalim says U.S. tax settlement may be higher than thought
Reuters StaffJERUSALEM (Reuters) - Israel’s Bank Hapoalim said on Tuesday the amount it may have to pay in a future settlement with U.S. authorities in a tax evasion probe could be “significantly higher” than previously thought and the provision for it may ...

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Who's behind the blog

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