UK watchdog fines ex-Deutsche Bank trader over Libor

By Huw Jones LONDON, March 5 : Britain’s Financial Conduct Authority has fined ex-Deutsche Bank trader Guillaume Adolph 180,000 pounds ($249,000) for “improperly influencing” quotes used for the Libor interest rate benchmark and banned him from working in finance Banks have been fined billions of dollars for trying to rig the London Interbank Offered Rate, […]

Britain’s May to set out Brexit vision for trade deal deeper than any other

By Elizabeth Piper LONDON, Mar 2 : British Prime Minister Theresa May will set out her vision on Friday for a Brexit deal deeper and wider than any “free trade agreement anywhere in the world”, telling the European Union it is in their “shared interest”. In a much-anticipated speech which the EU hopes will offer […]

UK rules out holding second part of inquiry into press ethics

By Michael Holden LONDON, March 1 : Britain said on Thursday it would not proceed with the second part of an inquiry into newspaper ethics called after a phone-hacking scandal at a Rupert Murdoch tabloid, prompting criticism it was betraying victims of press intrusion. Media Secretary Matt Hancock said it was not in the national […]

British police sift through rubble at scene of fatal blast

By Darren Staples LEICESTER, England, Feb 26 : British police searched for survivors on Monday in the rubble of a shop and apartment destroyed by an explosion that killed at least four people in the city of Leicester on Sunday evening. CCTV footage posted on the local newspaper’s website showed the entire front of the […]

Britain’s big banks play catch up with fintech with new apps

By Emma Rumney LONDON, Feb 26 : British retail banks are poised to introduce money management apps to compete with those already launched by financial technology start-ups, betting their trusted brands, broad client base and deep pockets will help them make up lost ground. HSBC, Lloyds Banking Group and the Royal Bank of Scotland are […]

Britain warns of Islamic State attacks in South Africa after couple kidnapped

By James Macharia JOHANNESBURG, Feb 22 : Britain has warned of a threat of attacks by Islamists on foreigners in South Africa after two British nationals were kidnapped in a small town there, but South African police said they had no evidence militants were behind the incident. Africa’s most industrialised country has a large expatriate […]