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Banks

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,...

EU financial centres vie to poach tens of thousands of City jobs

EU financial centres vie to poach tens of thousands of City jobs
By Phillip Inman Report says firms in Paris, Frankfurt and Dublin are lobbying their governments to match London’s business-friendly environment and steal ‘low-hanging fruit’ London’s rival financial centres are lobbying their governments to support ...

Credit Suisse says it faces tax probes in multiple countries

Credit Suisse says it faces tax probes in multiple countries
By: Financial Times Credit Suisse has confirmed it is the subject of tax investigations launched in the UK, France and the Netherlands, setting back Switzerland’s attempts to clean up its image as a haven for tax evaders. The Swiss bank said on Friday ...

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Who's behind the blog

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