Britain’s RBS and Barclays criticised for online banking outages

By Emma Rumney and Lawrence White Undated,Sept 21 : Royal Bank of Scotland apologised for outages that hit its online and mobile banking services, the latest in a string of such failings at British banks which have drawn criticism from customers and lawmakers. RBS said it is working to fix problems with its online and […]

Danske Bank CEO quits over $234 bln money laundering scandal

By Jacob Gronholt-Pedersen and Teis Jensen COPENHAGEN, Sept 19 : Danske Bank’s chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totalling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious. The Danish bank detailed compliance and control failings amid growing calls for […]

BOJ sanguine about economic outlook as exports firm, but trade risks grow

By Leika Kihara and Tetsushi Kajimoto TOKYO, Sept 19 : Japan’s exports rose in August and its central bank kept its view the economy was expanding modestly, but policy makers and analysts warned of risks to the outlook from a US-led trade war that some fear could chill global investment and growth. The Bank of […]

Danske Bank CEO quits in $234 bln money laundering scandal

By Jacob Gronholt-Pedersen and Teis Jensen COPENHAGEN, Sept 19 : Danske Bank’s chief executive Thomas Borgen quit on Wednesday in a money laundering scandal which involved 200 billion euros ($234 billion) flowing through its Estonian branch between 2007 and 2015, most of which was suspicious. “It is clear that Danske Bank has failed to live […]

Bank of England prepared for wide range of Brexit outcomes – BoE’s Carney

By Padraic Halpin DUBLIN, Sept 14 : The Bank of England and Britain’s largest banks are well prepared for a disorderly Brexit but uncertainty about the economic outlook is holding back pay growth, Bank of England Governor Mark Carney said on Friday. British media had reported late on Thursday that Carney had warned senior ministers […]