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BBC to air recording that implicates Bank of England in Libor scandal

BBC to air recording that implicates Bank of England in Libor scandal
By Katie Allen Panorama says it has recording of 2008 call in which Barclays bankers discuss alleged pressure by Bank of England to lower rateThe Bank of England has found itself under the spotlight again over the fixing of a key interest rate during the...

Barclays chief censured for attempt to identify whistleblower

Barclays chief censured for attempt to identify whistleblower
By: FT Reporters Bank’s board vows to cut Jes Staley’s pay as UK regulators probe affair Jes Staley, Barclays chief executive, who has publicly pushed for the highest ethical standards at his bank, is facing major sanctions from UK...

Lloyds expects payouts to HBOS fraud victims to total £100m

Lloyds expects payouts to HBOS fraud victims to total £100m
By Press Association Businesses were left bankrupt and owners lost homes after former HBOS manager’s £245m loans scam Lloyds Banking Group expects compensation payouts for victims of fraud at the hands of former HBOS staff to total around ...

Barclays doubles underlying profits, affirming strategy amid whistleblower scandal

Barclays doubles underlying profits, affirming strategy amid whistleblower scandal
By: Martin Arnold Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from him breaking rules on the treatment of whistleblowers. Jes ...

Co-operative Group to write off the value of its stake in Co-op bank

Co-operative Group to write off the value of its stake in Co-op bank
By Sarah Butler The mutual is facing a £140m hit amid ongoing uncertainty about the future of its former financial arm The Co-operative Group will reveal this week it has fallen back into the red for the first time since its tumultuous 2013 year,...

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Who's behind the blog

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