Brian Capon News
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Almost one-third of Britain’s financial-services workers are aware of illegal behavior at their companies, and many fear reporting it, a survey by the securities litigation law firm Labaton Sucharow LLP found.
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Summaries of company-written plans for unwinding the nine largest systemically important banks operating in the U.S. will be made available to the public tomorrow, Federal Deposit Insurance Corp. officials said.
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The British Bankers’ Association, the U.K. group that oversees the publication of London interbank offered interest rates, canceled a party scheduled for this week following the record fine against Barclays Plc for manipulating the benchmark.
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Barclays Plc , Lloyds Banking Group Plc and other U.K. lenders will be banned from selling most types of credit insurance at the same time they sell the underlying financial products, an antitrust regulator said.
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European Union banks may face new costs and liabilities next year under a law allowing claimants to freeze debtors’ assets in the bloc with court orders from any EU jurisdiction, lawyers say.
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Britain’s antitrust regulator said it will decide this month whether to open a probe into market dominance by the “Big Four” accounting firms, focusing on bank loans that force borrowers to use the largest auditors.
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U.K. banks including Barclays Plc and Lloyds Banking Group Plc should be banned from selling most types of credit insurance at the same time they sell the underlying financial products, a regulator said.
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Barclays Plc , Banco Santander SA and six other lenders are suspected of breaking rules on protecting customer data a total of more than 500 times in one year, the U.K. consumer rights group Which? said.
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