BANKING executives are more worried about staying on the right side of the letter of the law than they are about properly policing their companies’ behaviour, an official at the Bank of England has claimed.
Category: Banking & Finance
Bankers Lie For Financial Gain, Say Scientists
SWISS researchers have come up with what they say is compelling scientific evidence that bankers lie for financial gain.
Britam Outshines Rivals In Maiden Industry Research
BRITAM has been awarded the QUDAL – QUality meDAL, an international recognition only awarded to products and companies which offer consumers the greatest level of quality.
Quarterly Reporting Quietly Comes To An End
The Financial Conduct Authority has quietly scrapped the rule requiring public firms to release interim management statements, as part of the Government’s push to encourage more long-term thinking in the stock markets.
Five Banks Fined £2bn For Rigging Forex Market
FIVE of the world’s largest banks, including HSBC and Royal Bank of Scotland, have been fined more than £2 billion by US, UK and Swiss regulators after admitting some of their traders had attempted to manipulate the $5.3 trillion-a-day foreign exchange market.
Interest Rates Remain At 0.5 Per cent Until After Election
INTEREST rates will not rise until well after the general election, the Bank of England has signaled, as it warned that inflation may soon fall below 1 per cent.
Cost Of Doing Business Goes Up As Key Policy Hikes
COST of doing business in Ghana is expected to go up following the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) decision to increased its policy rate from 19% to 21%.
Ghana Declares War On High Interest Rates
GHANA’S government will from January next year declare war on high interest rates being charged by all the commercial banks and other financial institutions in the country.
Moneygram Invests In East Africa
MONEYGRAM, a global money transfer and payment services company, is investing in business growth in East Africa as well as in the health of communities it serves.
UBA Commits $1Million To Ebola Fight
THE United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does business: Sierra Leone, Liberia and Guinea.