SCANDAL-HIT UBS admitted internal financial controls were “not effective” when alleged rogue trading took place at the bank – as it revealed the action had triggered a 39% slump in profits.Read
THE UK arm of banking giant Credit Suisse has been fined £5.95m by the City regulator for failing to sufficiently assess the risk a complex investment product posed to customers.Read
A FOUR-STRONG team of relationship managers has been created to help Yorkshire property businesses – as Lloyds TSB Commercial announces that lending to the sector in the region rose by 8.75% in 2010.Read
THE British and Dutch governments are preparing court action against Iceland to recover 4bn euros (£3.5bn) lost when the country's banking system collapsed.Read
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