FCA report into RBS branded ‘complete whitewash’ by critics

Report says watchdog will take no action despite evidence of mistreatment of business customers after 2008 crashA report by the City watchdog into the scandal at Royal Bank of Scotland’s turnaround unit has been described as a whitewash after the regul…

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Smoothing out banking irregularities has been a bumpy road | Kalyeena Makortoff and Gwyn Topham

Banking Competition Remedies parts way with director for conflict of interest – but it is not the firstA £775m fund meant to counter the effects of Royal Bank of Scotland’s crisis-era bailout stumbled again this week. For a programme intended to smooth…

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UK banks fined €1bn by EU for rigging foreign exchange market

European commission says decision shows ‘collusive behaviour will not be tolerated’Five banks including Barclays and Royal Bank of Scotland have been fined a total of more than €1bn (£875m) by the European Union for rigging the multi-trillion dollar fo…

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East London council claims victory with deal on NatWest loans

Newham expects to save £143m in interest payments that can now go towards servicesNewham council is claiming victory after striking a deal with NatWest over £150m in high-cost bank loans that it says will save millions of pounds and enable it to boost …

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Hedge fund of investor who inspired The Big Short takes position on Barclays

Neuberger Berman bet worth £348,000 adds to positions against Lloyds and RBSThe American hedge fund of the investor immortalised in the Oscar-winning Hollywood film The Big Short has made a bet that the share price of the British bank Barclays will fal…

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