Category : Search result: banking collapse


Greensill Bank bosses charged in Germany over collapse

German prosecutors file criminal charges against three former Greensill Bank executives for alleged fraud and regulatory breaches linked to a €2.2bn GFG Alliance refinancing. Read the full story on the legal fallout.

Norfolk village homes collapsing into sea

Hemsby residents watch their properties vanish as coastal erosion accelerates. Meet the retirees who bought doomed cliffside homes despite the clear danger.

Fourth US Bank Collapses as First Republic Fails

First Republic Bank becomes latest casualty in American banking turmoil, with JPMorgan acquiring assets in dramatic federal intervention following SVB, Signature and Silvergate failures.

Ancient Roman Tower Collapses Near Imperial Forums

A significant portion of Rome's medieval Torre dei Conti has collapsed near the Imperial Forums, raising urgent questions about Italy's cultural heritage preservation. Emergency services are securing the area as investigations begin.

HSBC sued over Bernie Madoff profits in major lawsuit

HSBC confronts explosive legal action alleging the banking giant knowingly profited from Bernie Madoff's notorious Ponzi scheme while ignoring clear warning signs in the largest fraud in Wall Street history.

Manchester Building Collapse Sparks Mass Evacuation

Emergency services have launched a major operation in Manchester city centre after a building partially collapsed, forcing evacuations and road closures as structural engineers assess the safety of the area.

NatWest Announces Major Banking Overhaul

NatWest Group reveals strategic transformation plan affecting Ulster Bank operations, customer services, and regional banking infrastructure across the UK and Ireland.

ANZ Banking App Crashes in Nationwide Outage

Thousands of ANZ customers across Australia were left stranded as both the mobile app and internet banking services crashed simultaneously, sparking fury and financial anxiety.

Lloyds Bank cuts 1,600 jobs in restructuring

Lloyds Banking Group reveals plans to slash 1,600 jobs while creating 830 new roles in strategic restructuring. The changes affect multiple locations including Bristol and Edinburgh as the bank accelerates its digital transformation.

Lloyds warns of bigger car finance scandal hit

Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.

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