Company News



Barclays to refund at least 300,000 borrowers

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

Barclays Bank is to refund at least 300,000 personal loan customers because it made mistakes on their paperwork. . .

http://www.bbc.co.uk/news/business-24122659



In post-Lehman clean-up, top banker prosecutions stumble

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

Five years on from the bankruptcy of Lehman Brothers, the debate over how to hold senior bank bosses to account for failures is far from over, but legal sanctions for top executives remain a largely remote threat. . .

http://www.reuters.com/article/2013/09/13/us-lehman-fiveyear-crime-idUSBRE98C0GR20130913?feedType=RSS&feedName=businessNews



Danske Firing of CEO Follows Failure to Improve Ratings

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

Within months of becoming Danske Bank A/S chief executive officer last year, Eivind Kolding was telling investors they could look forward to higher credit ratings to enhance their returns . . .

http://www.bloomberg.com/news/2013-09-16/danske-firing-of-ceo-follows-failure-to-improve-bank-s-ratings.html



Lloyds share sale raises £3.2bn for government

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

The government has sold a 6% stake in Lloyds Banking Group at a price of 75p a share, raising £3.2bn. . .

http://www.bbc.co.uk/news/business-24112400



Aberdeen Asset Managers and Aberdeen Fund Management fined £7.2 million for failing to protect client money

Published on: Tuesday, September 3, 2013 by Paul Stanbridge

The Financial Conduct Authority (FCA) has fined Aberdeen Asset Managers Limited and Aberdeen Fund Management Limited (Aberdeen) £7,192,500 for failing to identify, and therefore properly protect, client money placed in Money Market Deposits (MMDs) with third party banks between September 2008 and August 2011. . .

http://www.fca.org.uk/news/aberdeen-asset-managers-and-aberdeen-fund-management-fined-72-million