Posts

The whistleblowing bankers who were sent to jail

Two traders jailed for rigging interest rates were the original whistleblowers of the scandal, and not the bosses that directed them to carry out the illegal actions. Leaked audio recordings reveal Peter Johnson and Colin Bermingham alerted the US central bank to a fraud that the tapes suggest was directed from the top of the financial system.

Ericsson risked workers lives by Islamic State

The telecoms company Ericsson put contractors’ lives at risk by insisting they continued working in territory controlled by the Islamic State [IS] group in Iraq. This resulted in them being kidnapped by IS militants.

Post Office scandal: Public inquiry to examine wrongful convictions

Between 2000 and 2014, more than 700 sub-postmasters were wrongly accused of theft, fraud and false accounting due to a flaw in a computer system Horizon.

NatWest fined £265m cash laundered

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.

Boeing refutes 737 Max new safety concerns

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 sues Israeli spyware firm NSO Group

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.

RBS fined £14.5m over mortgage advice

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

Greek court acquits farmers who shot 28 Bangladeshi strawberry pickers

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 accused in US suit of rigging silver price

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

British Gas staff mis-sold deals, says regulator Ofgem

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