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Just when you thought the banking industry was at least starting to have its wild speculation to make personal profit at everyone else' expense curbed ... 'FRAID NOT ... Finance minister George Osborne signaled in a speech in June that he wanted a "new settlement" with the financial sector, taken to mean a softening of approach and an end to so-called "banker bashing". A few weeks later, he ousted FCA chief executive Martin Wheatley, who had warned he would "shoot first" and ask questions later as he faced fresh scandals in the sector such as the attempted rigging of Libor benchmark int
A London banker who regularly avoided buying a train ticket on his commute to the City has been banned from working in the financial services industry. BlackRock director Jonathan Paul Burrows was caught by inspectors at Cannon Street station last year and admitted to avoiding the £21.50 fare from Stonegate in East Sussex. In total, Mr Burrows is believed to have dodged £42,550 in fares. The City watchdog said he "demonstrated a lack of honesty and integrity". "Mr Burrows has admitted that, on a number of occasions, he deliberately and knowingly failed to purchase a valid t
Opppppssssss Bank employee was supposed to transfer £53 but fell asleep while typing in amount A tired German bank worker fell asleep on his keyboard, turning a minor money transfer into a 222 million euro (£189 million) transaction, a court heard on Monday. The man was supposed to transfer just €62.40 (£53) from a retiree’s bank account, but “fell asleep for an instant, while pushing on the number 2 key on the keyboard” racking up the order to a staggering €222,222,222.22, the Hessen labour court heard. The mistake was corrected shortly after the bank discovered the dozy error.
Hi - i don't know if anyone can help on this. I was sent a Banker's Draft from Halifax by my grandparents. I have Ultimate Reward account with Halifax. When i went to pay it in, i was told it would take FIVE DAYS to clear. I'm going on holiday tomorrow so this is a masisve pain in bum. Is ithis normal? I can't believe that i'm supposed to accept that it takes 5 days to cash a BD which is effectibely a cheque from the same bank!!! Does anyone have any experience of this?