Banking 05-07-2018

Lloyds slammed for proposed timeline on HBOS investigation

Lloyds Banking Group have been the subject of criticism for the pace of their independent review into the HBOS fraud case. Dame Linda Dobbs is chairing the review, and recently announced the review was not likely to be finished until the second half of 2019. The Treasury Committee is asking for a quicker completion of […]

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Latest News 30-06-2018

Watchdog warning action against hotel booking sites for misleading tactics

The UK’s Competition and Markets Authority (CMA) are attempting to clamp down on shady marketing and pressure tactics from leading hotel and travel booking websites. Following an investigation which began in October, the CMA has made a statement regarding widespread use of pressure selling tactics, hidden charges, misleading comparison figures and search results influenced by […]

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Finance News 28-06-2018

Watchdog looking into possible insider trading at Carillion

The Financial Conduct Authority have told MPs they are investigating allegations of insider trading at Carillion prior to the company’s collapse earlier this year. The letter from FCA chief executive Andrew Bailey says members of the company and those connected to the company may have been trading shares prior to a massive profit warning last […]

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Business 23-06-2018

VW considering seeking damages from ex-CEO Winterkorn

Volkswagen have said they are giving serious thought towards legal action against their former boss Martin Winterkorn. Winterkorn resigned from his post in 2015 in the midst of the emissions test cheating scandal that rocked the company, and has recently been indicted by US authorities over his role. VW supervisory board member Stephan Weil said […]

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Business 22-06-2018

Sir Philip Green looks to stop release of BHS report, amid further auditor failings

Former BHS owner Sir Philip Green is in court seeking an order to stop the Financial Reporting Council releasing their full report on the failures of auditors leading up to his sale of BHS. It comes after last week Pricewaterhouse Coopers were hit with a record fine, and partner Steve Denison fined and banned for […]

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Business 21-06-2018

BT hit with fine over spam emails

The Information Commissioner’s Office (ICO) has fined telecommunications firm BT after they sent out almost five million spam emails to customers. The £77,000 fine comes as a result of 4.9 million direct marketing emails sent between December 2015 and November 2016, which the company did not have customer consent for. The emails promoted several of […]

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Business 21-06-2018

Lloyds face questions with release of HBOS report

An internal report published this week has raised significant questions for Lloyds’ banking group over their handling of their HBOS Reading unit. The report, written in 2013, was initiated by a former Lloyds manager and backed by the group, looked into Lloyds’ knowledge and handling of fraud in the Reading branch. The fraud scandal came […]

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Finance News 18-06-2018

Fine and ban for financial advisor faking qualifications

The Financial Conduct Authority has hit Darren Cummings of DCC Financial with a fine of almost £30,000 after he was found to have presented fake qualifications. The Northern Ireland based financial advisor was also banned from providing financial services. Cummings was found to have provided the FCA with two separate documents to prove his qualifications, […]

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Latest News 02-06-2018

Implications for DNA privacy after Golden State Killer arrest

While many are championing the arrest of Joseph DeAngelo, others say the methods used by law enforcement open some troubling doors relating to DNA privacy. DeAngelo was arrested April 25 at his home in California. He is alleged to have been the “Golden State Killer”, responsible for 12 murders, 45 rapes and over 100 burglaries […]

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