German authorities have searched the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion that bank employees helped clients set up offshore companies in tax havens to launder hundreds of millions of euros.
The ability of Britain’s biggest lenders to withstand the economic shock of a no-deal Brexit will be revealed this week when the Bank of England publishes the results of its annual health check on the sector.
An influential group of MPs has launched an inquiry into IT failures in the financial services sector following a string of meltdowns at high street banks.
Hundreds of small businesses are to press ahead with a £350 million legal action against CYBG over claims they were mis-sold loans.
New TSB boss Debbie Crosbie is set to become one of the very few female chief executives of a British bank when she takes up her post next year.
Royal Bank of Scotland has been dropped from a list of the world’s most important banks, signifying the lender will no longer be required to hold extra capital in case it fails.
The pound has steadied after enduring its biggest one-day decline for more than two years amid Thursday’s Brexit deal chaos.
Britain’s biggest banks have reportedly been summoned for a call with City regulators over market turbulence after Government Brexit resignations sent the pound and stocks tumbling.
HSBC says that Scotland will escape the cull after announcing the closures of a further 62 bank branches in 2017.