Company News



Standard Bank PLC fined £7.6m for failures in its anti-money laundering controls

Published on: Monday, January 27, 2014 by Paul Stanbridge

The Financial Conduct Authority (FCA) has fined Standard Bank PLC (Standard Bank) £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers connected to politically exposed persons (PEPs). . .

http://www.fca.org.uk/news/standard-bank-plc-fined-for-failures-in-its-antimoney-laundering-controls



Fundamental elements of a bank’s capital planning process issued by the Basel Committee

Published on: Monday, January 27, 2014 by Paul Stanbridge
The Basel Committee is today issuing A Sound Capital Planning Process: Fundamental Elements, which sets out sound practices that foster overall improvement in banks’ capital planning practices.  You can find the full text here:


HSBC imposes restrictions on large cash withdrawals

Published on: Monday, January 27, 2014 by Paul Stanbridge

Some HSBC customers have been prevented from withdrawing large amounts of cash  because they could not provide evidence of why they wanted it, the BBC has learnt. . .

http://www.bbc.co.uk/news/business-25861717#



Davos 2014: ECB’s Draghi sees ‘dramatic improvement’ in eurozone recovery

Published on: Monday, January 27, 2014 by Paul Stanbridge

The head of the European Central Bank, Mario Draghi, says there has been a “dramatic improvement” in the eurozone recovery over the past two years. . .

http://www.bbc.co.uk/news/business-25888931#



Euro Jobless Record Not Whole Story as Italians Give Up

Published on: Monday, January 27, 2014 by Paul Stanbridge

Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. . .

http://www.bloomberg.com/news/2014-01-27/euro-jobless-record-seen-in-legacy-of-italians-giving-up.html