NatWest has been fined £265m after admitting it failed to prevent money-laundering of nearly £400m by one firm. A gold trading business suspected of money-laundering deposited £700,000 in cash into one NatWest branch in black bin bags.
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Boeing’s 737 was cleared to fly passengers again by US regulators last year, having been grounded following two catastrophic accidents. Since then, however, a number of potentially serious problems have been reported during 737 Max flights.
Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a hacking tool.
NSO’s Pegasus software can infect both iPhones and Android devices, allowing operators to extract messages, photos and emails, record calls and secretly activate microphones and cameras.
Royal Bank of Scotland has been fined £14.5m by the Financial Conduct Authority (FCA) for “serious failings” in its mortgage sales business.
The City watchdog said RBS did not ensure that it gave suitable mortgage advice to customers
A Greek court’s decision to acquit farmers who admitted shooting 28 Bangladeshi strawberry pickers when they asked for months of back pay has sparked outrage in the country.
Politicians, unions and anti-racist groups condemned the verdicts, describing them as a black day for justice in a case that had shone a light on the appalling conditions in which migrant workers are often kept in Greece.
“I feel shame as a Greek,” said the Bangladeshis’ lawyer, Moisis Karabeyidis, after the ruling in the western port city of Patras
Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US.
The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.
Deutsche Bank and HSBC have not commented on the filing, while Bank of Nova Scotia told Bloomberg news agency it would “vigorously defend” itself
The UK’s biggest energy supplier, British Gas, mis-sold energy deals by making exaggerated claims to potential customers, the regulator has said.
Ofgem said British Gas sales staff did not make accurate comparisons between suppliers’ deals, and so made overblown claims about savings for switching.
The cases involved British Gas staff working in Sainsbury’s stores nationwide between 2011 and 2013
Goldman Sachs has been fined $800,000 by a US regulator for “failing” to ensure that trades in its dark pool took place at the best price.
The regulator said more than 395,000 trades were executed in the bank’s Sigma X dark pool at an inferior price during an eight-day period in 2011.
But it added that Goldman was “unaware” of the issue at the time
Allegations that pharmaceutical giant GlaxoSmithKline (GSK) systematically bribed doctors in China are credible, says an investigator hired by the firm.
Peter Humphrey was hired only to investigate who was behind a suspected smear campaign against GSK.
But after he finished his report, he learned the details of further allegations against the firm and told colleagues he believed they were true
Payday lender Wonga must pay £2.6m in compensation after sending letters from non-existent law firms to customers in arrears.
The letters threatened legal action, but the law firms were false