Bloodbath of bankers in HSBC’s biggest shake-up in 155 years

Bloodbath of bankers in HSBC’s biggest shake-up in its 155-year history By Daily Mail City & Finance Reporter Published: 22:58 BST, 26 May 2020 | Updated: 22:58 BST, 26 May 2020 HSBC is set to intensify the biggest shake-up in its 155-year history, putting even more jobs at risk. The bank had already announced it … Read more

Russian bankers who lived life of luxury in UK having riches seized after racking up £730m debts

Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.  Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off … Read more

RBS set to reward its bankers with bonuses of £305m – 10% less than last year

RBS set to reward its bankers with bonuses of £305m – 10% less than last year By Helen Cahill, Financial Mail On Sunday Published: 21:48 BST, 1 February 2020 | Updated: 21:48 BST, 1 February 2020 RBS is set to reward its bankers with bonuses of £305 million – 10 per cent less than last … Read more

Top bankers FINALLY take a pay cut (but not at Lloyds, HSBC or RBS) 

Top bankers FINALLY take a pay cut in the face of coronavirus (but not at Lloyds, HSBC or taxpayer-backed RBS) By Lucy White For The Daily Mail Published: 22:57 BST, 7 April 2020 | Updated: 23:13 BST, 7 April 2020 Bosses  of Britain’s biggest banks have begun to cave in to pressure to cut their … Read more

Four-year-olds have the same overconfidence as bankers, study says

Cocky children as young as four have the same levels of overconfidence as city bankers and business leaders, according to a new study. UK researchers demonstrated that high levels of confidence in one’s own abilities – a trait common among high achievers – is apparent from an extremely early age. This suggests that cocky city … Read more

Now give up your bonuses, bankers told: Industry under fire over pay 

Now give up your bonuses, bankers told: Industry under fire over pay after axing £8bn of dividends By Lucy White For The Daily Mail Published: 21:57 BST, 1 April 2020 | Updated: 21:57 BST, 1 April 2020 Banks are under pressure to cut their bosses’ multi-million pound bonuses after axing more than £8billion of shareholder … Read more

SFO admits it threw £12m at failed prosecution of Barclays bankers

Serious Fraud Office admits it threw £12m at failed prosecution of senior Barclays bankers By Tom Witherow For The Daily Mail Published: 21:51 GMT, 13 March 2020 | Updated: 22:01 GMT, 13 March 2020 The Serious Fraud Office has admitted it spent £12.2million on its failed prosecution of senior Barclays bankers – up to £3million … Read more

Bankers to face penalties if they try to use emergency cash on bonuses

Warning on greed: Bankers to face penalties if they attempt to use emergency money to hike divis or bonuses By Daily Mail City & Finance Reporter Published: 21:55 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 Greedy bankers have been warned they will face penalties if they attempt to use any of … Read more

Jury in Braclays fraud case told to ignore bankers’ bonuses

Jury told to ignore bankers’ bonuses as they decide fate of three ex-Barclays executives accused of fraud By Daily Mail City & Finance Reporter Published: 21:56 GMT, 26 February 2020 | Updated: 21:56 GMT, 26 February 2020 Three Barclays executives on trial at the Old Bailey deny funnelling fees to Qatari investors to secure emergency … Read more