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The cost of Lloyds’ takeover of HBOS The cost of Lloyds’ takeover of HBOS

Never have so many jobs been shed by a single bank in British history. It's possible no UK company of any sort has ever reduced job numb...

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The Los Angeles Dodgers File Bankruptcy The Los Angeles Dodgers File Bankruptcy

One of the most storied franchises playing America`s pastime has a new chapter, it`s Chapter 11. The Los Angeles Dodgers baseball team is ba...

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Police investigating a suspected giant fraud at an office of Bank of Scotland, now owned by Lloyds Banking Group, expect to make more arrests within days. Police investigating a suspected giant fraud at an office of Bank of Scotland, now owned by Lloyds Banking Group, expect to make more arrests within days.

Six people were arrested by Thames Valley Police last year during the investigation into claims that the branch in Reading, Berkshire, stipu...

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JPMorgan Chase should pay at least $19bn to victims of the Bernard Madoff fraud for allegedly ignoring warnings about round-trip transactions with another financial institution, JPMorgan Chase should pay at least $19bn to victims of the Bernard Madoff fraud for allegedly ignoring warnings about round-trip transactions with another financial institution,

JPMorgan Chase should pay at least $19bn to victims of the Bernard Madoff fraud for allegedly ignoring warnings about round-trip transaction...

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Bank profits distorted by IFRS accounting rules, says Bank of England Governor Bank profits distorted by IFRS accounting rules, says Bank of England Governor

In his financial stability report, the Governor of the Bank of England has warned the so-called "incurred loss" system brought in ...

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Credit default swap insurance taken out by UK banks to hedge their exposure to sovereign debt defaults may prove worthless Credit default swap insurance taken out by UK banks to hedge their exposure to sovereign debt defaults may prove worthless

Credit default swap insurance taken out by UK banks to hedge their exposure to sovereign debt defaults may prove worthless, financial analys...

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Northern Rock, the lender nationalised during the financial crisis after the first run on a British bank in more than a century, is to be sold Northern Rock, the lender nationalised during the financial crisis after the first run on a British bank in more than a century, is to be sold

The Chancellor said in his Mansion House speech: "Images of the queues outside Northern Rock branches were a symbol of all that went wr...

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Surveyor and property developer given sentences of seven and 13 years for their part in a £49m mortgage fraud Surveyor and property developer given sentences of seven and 13 years for their part in a £49m mortgage fraud

Surveyor Ian McGarry and property developer Saghir Afzal were sentenced at Southwark Crown Court yesterday (14 June) to prison terms of seve...

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Part of ex-Credit Suisse broker conviction tossed Part of ex-Credit Suisse broker conviction tossed

A federal appeals court in New York threw out part of the conviction of former Credit Suisse Group AG (CSGN.VX) broker Eric Butler for misle...

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The International Monetary Fund disclosed this weekend that it recently was the victim of a cyberattack The International Monetary Fund disclosed this weekend that it recently was the victim of a cyberattack

The International Monetary Fund disclosed this weekend that it recently was the victim of a cyberattack. This comes hard on the heels of Goo...

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One of China's biggest state-owned banks has requested details of a network of more than 600 Lloyds Banking Group branches as the prelude to a possible offer One of China's biggest state-owned banks has requested details of a network of more than 600 Lloyds Banking Group branches as the prelude to a possible offer

One of China's biggest state-owned banks has requested details of a network of more than 600 Lloyds Banking Group branches as the prelud...

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Fred Goodwin told by judge details of his affair were in the public interest Fred Goodwin told by judge details of his affair were in the public interest

Sir Fred Goodwin, the former chief executive of the Royal Bank of Scotland (RBS), could not have expected to keep an alleged affair with a c...

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Citigroup hack puts thousands of US customers at risk Citigroup hack puts thousands of US customers at risk

Multinational financial conglomerate Citigroup has become the latest high-profile organisation to suffer a hacking attack, after it was reve...

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High Court judge has refused to lift an order banning journalists naming a woman with whom former bank boss Sir Fred Goodwin had an "extra-marital affair". High Court judge has refused to lift an order banning journalists naming a woman with whom former bank boss Sir Fred Goodwin had an "extra-marital affair".

Lawyers from News Group Newspapers - publishers of The Sun and News of the World - asked Mr Justice Tugendhat earlier this month to lift the...

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HMV's lenders to take 5% stake in return for refinancing deal that will secure its short-term future HMV's lenders to take 5% stake in return for refinancing deal that will secure its short-term future

Beleaguered HMV has been thrown a £220m lifeline by its state-owned lenders that will see them take a 5% stake in the company. The retailer,...

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IMF warns on UK banks masking bad debts IMF warns on UK banks masking bad debts

Lender forbearance, where loans are extended or payments reduced, “may, in some cases, have masked the extent of risks, given the high indeb...

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Royal Bank of Scotland told by MPs to explain £25bn accounting 'distortion' Royal Bank of Scotland told by MPs to explain £25bn accounting 'distortion'

David Davis, the former Tory front bencher, and Steve Baker, the MP for Wycombe, have called for RBS to prove that its accounts are not bein...

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Bank staff pressured to flog unnecessary loans Bank staff pressured to flog unnecessary loans

MORE than half of all bank employees have steered a customer towards a financial product they did not need in order to achieve performance t...

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AIB bond investors challenge Irish govt on losses AIB bond investors challenge Irish govt on losses

Junior bondholders in Allied Irish Banks (ALBK.I) will take the Irish government to court on Thursday over its plans to slash the value of t...

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Irish banks may be forced to declare millions of euros of extra losses under surprise plans by Ireland's authorities Irish banks may be forced to declare millions of euros of extra losses under surprise plans by Ireland's authorities

The Central Bank of Ireland wants to force its banks to account for poor loans the way they used to under Irish GAAP and over-ride controver...

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