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Banking

​Bailed-out RBS offers staff ‘outrageous’ bonuses despite £3.5 bn losses in 2014
Royal Bank of Scotland (RBS) chief Ross McEwan has conceded the 80 percent state-owned bank will pay staff lucrative bonuses from a pool of £421 million, despite the fact it faced losses of £3.5 billion in 2014.

26.02.2015 16:01

Corruption: Chronic UK disease infecting establishment, dragging country backwards
Just as the British government announces the deployment of troops to Ukraine as ‘advisors’, it is rapidly becoming apparent that the average Member of Parliament in the UK is as crooked as Uri Geller’s cutlery.

25.02.2015 15:35

HSBC chief rejects direct responsibility for bank's criminal activity in Switzerland
HSBC chairman Douglas Flint has failed to take direct responsibility for the bank’s alleged criminal transgressions in Switzerland. He told MPs he should not be subjected to a bonus clawback.

25.02.2015 11:52

Top international banks face US probe for alleged precious metals market fix
The US Department of Justice is in the early stages of an investigation into at least 10 international banks—including JPMorgan Chase, Goldman Sachs and Barclays—over alleged manipulation of the precious metals market.

24.02.2015 15:48

Japan’s credit card firm to start using Russia’s national payment system by end of 2015
The Japanese JCB payment system is ready to start working with Russia’s national payment system (NPCS) by the end of 2015, according to company CEO Takashi Suetsugu.

24.02.2015 12:57

Greece - purgatory postponed
In an era of wanton government economic illiteracy, the latest case of ‘Kickcanistan’ mentality from Europe’s government caste has led to a political fudge ignoring economic reality allowing victory bleats by politicians with policies doomed to failure.

24.02.2015 10:25

‘Eye popping’ City bonuses highlight scale of UK inequality – tax justice group
Bonuses paid by financial firms since the onslaught of the financial crisis will surpass £100 billion in 2015. Campaigners warn that Britain’s finance sector is continuing to breed inequality, while ordinary taxpayers clean up the mess.

23.02.2015 16:01

Greek standoff with Germany could derail European economy – UK Chancellor
Athens’ standoff with EU creditors over the terms of Greece’s bailout risks turning into “a full-blown crisis” that could derail Europe’s economy, Chancellor George Osborne warns.

20.02.2015 14:55

​Russia ratifies $100bn BRICS New Development Bank
The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

20.02.2015 09:21

Visa joins MasterCard localizing Russian payments
The Visa international payment system, which has the biggest share of the Russian market, will process domestic payments through Russia’s newly created National Payment System.

20.02.2015 07:47

Grexit: Win for both EU and Greece?
If, in the next 48 hours, Athens and Brussels fail to strike a bailout deal, Greece could be forced to leave the eurozone, and that might not be so bad after all.

18.02.2015 13:17

Swiss police raid HSBC Geneva office in money laundering probe
The Swiss subsidiary of HSBC was searched on Wednesday by officials after prosecutors in Geneva said they are opening a money laundering investigation into the bank’s alleged illegal tax activity.

18.02.2015 09:31