RBS has been fined £5.6M by the Financial Conduct Authority (FCA) for "incorrectly reporting transactions they made in wholesale markets".
Seemingly, between 2007 and 2013, RBS either didn't report or incorrectly reported approximately 45 million transactions!
Blog Archive
Popular Posts
-
Following last week's website crash on its relaunch, the TSB has yet again managed to drop the ball; this time by mis-spelling Ashtead ...
-
In May Greek youth unemployment was almsot 65%, in June it showed a slight "improevment" falling to 58.8%. However, when compared...
-
I see that Barclays is fond of playing Monopoly, and has managed to create a bank error (for once in its customers' favour) that will en... -
The newly launched TSB bank (split for Lloyds) has had a less than stellar first day, as its website has crashed. Hardly a good augury for ...
-
European Central Bank Governing Council member, Luc Coene, is quoted by Reuters : " It's clear that we are not yet at the end of th...
-
The Telegraph reports that Fred Goodwin, erstwhile CEO of RBS, was so obsessed with tidiness and so irritated with piles of paper on fil...
-
Martin Wheatley, the CEO of the Financial Conduct Authority (FCA), is currently appearing before the Treasury Select Committee. He is less t...
-
As I have noted before, the British economy is driven by the property market and people's confidence (usually misplaced, given that prop...
-
Reuters reports that Greece has been given three days to reassure Europe and the International Monetary Fund it can deliver on conditions a...
-
Mark Carney starts work today as Governor of the Bank of England, ironically it is also Canada Day!