Nikkei leads Asia higher

Japan led Asian shares higher after the Bank of Japan (BOJ) surprised markets by announcing more stimulus measures. The BOJ decision sought to ease monetary policy on worries that lower oil prices would affect consumer prices. The central bank will increase the pace at which Read more…

Barclays’ £500m contingency fund for LIBOR-rigging

The provision is larger than the £290m of total fines that bank received for LIBOR manipulation in 2012, ahead of the FCA’s outcome of this investigation and the scale of the penalties it will levy amongst six of the major banks next month.

FCA fines Yorkshire Building Society £4m for mortgage failings

The Financial Conduct Authority (FCA) has fined Yorkshire Building Society £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties. Between October 2011 and July 2012, call handlers at the bank, dealing with customers in payment difficulties failed to identify promptly the cause Read more…

Lloyds Bank confirms 9,000 job losses and branch closures

Lloyds Banking Group has confirmed 9,000 job losses and the closure of 150 branches over the next three years. The latest job losses – representing about 10% of its workforce – come on top of 43,000 cuts made since 2008. The group is also setting Read more…

24/10/14 Market Movements

Market News The FTSE100 closed down 30.42 points at 6,388.73,  snapping a three-day gain that led the index to post its biggest weekly rally in two months. Pearson was the biggest decliner of the day in percentage terms, down 4.19% after announcing Chief Financial Officer Read more…