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City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an ...

23 Feb 2022 at 11:55

City

Metro Bank losses hit £245m as lender reels from regulator fines

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators. The bank said pre-tax losses for 2021 hit £245.1 million, which was an improvement on the £311.4 million ...

23 Feb 2022 at 09:25

World

Fugees rapper Pras found guilty in political conspiracy

A Fugees rapper accused in multimillion-dollar political conspiracies spanning two presidencies has been convicted after a trial that included testimony ranging from actor Leonardo DiCaprio to former US Attorney General Jeff Sessions. ...

26 Apr 2023 at 22:05

City

Newcastle and Manchester Building Societies to bypass member vote over merger

Newcastle Building Society and under-pressure smaller rival Manchester Building Society have been given approval by the industry watchdog to bypass a member vote over their plans to merge. Newcastle – the UK’s eighth biggest building ...

21 Feb 2023 at 13:16

City

Bank of England fines former TSB executive over 2018 IT meltdown

TSB Bank’s former chief information officer has been fined after its botched IT upgrade in 2018. The Bank of England has handed an £81,620 fine to Carlos Abarca after the failed IT migration left many of its 5.2 million customers ...

13 Apr 2023 at 12:14

World

Leonardo DiCaprio gives evidence in Fugees rapper Michel’s money-laundering case

Movie star Leonardo DiCaprio has given evidence in US federal court as part of a trial involving international money laundering, bribery and a prominent rap artist. Prakazrel “Pras” Michel — a founding member of 1990s hip-hop ...

03 Apr 2023 at 20:53

City

Bankers bonus cap scrapped in post-Brexit shake-up

A cap on bonuses for bankers is set to be scrapped in a bid to make the UK a more attractive financial hub post-Brexit, financial regulators have ruled. It prompted critics including the Labour Party to attack the “out of ...

26 Oct 2023 at 09:33

City

City watchdog must do more to stamp down on sexual harassment in firms, MPs told

The City watchdog needs to go further to stamp out sexual harassment and misogyny in the financial industry amid a pervasive culture of fear, MPs have been told. Financier and equality campaigner Baroness Helena ...

17 Oct 2023 at 17:42

City

Top bankers to access bonuses quicker under plans to relax City rules

Top bankers in the UK could be able to cash in their bonuses sooner, and fewer may be subject to pay restrictions, as UK regulators move to relax rules for the financial sector post-Brexit. The Bank of ...

26 Nov 2024 at 12:59

Limiting bonuses for bankers was ‘damaging’ to UK growth, Bank deputy says

Bank of England deputy governor Sam Woods has said the bankers’ bonus cap was “damaging” for the UK and the move to scrap it has been recognised by major international banks. Mr Woods also said it ...

17 Oct 2024 at 21:00

City

Watchdogs insist reducing regulation will not increase risk of financial crisis

Financial watchdogs have insisted that the risk of a financial crisis will not increase as a result of measures announced by the Chancellor to cut regulation in a bid to deliver growth. Under ...

17 Jul 2025 at 09:58

Horse Racing

Trainer interview boycott proposed for Sandown on Saturday called off

Trainers will make themselves available for television interviews at Sandown Park on Saturday, after a proposed boycott was called off. The boycott had been proposed by the Professional ...

28 Jan 2025 at 16:18

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