Category : Search result: banking penalty


New penalty rule costs Man Utd in Palace clash

Manchester United became the first Premier League team affected by a new penalty rule change after Crystal Palace's Jean-Philippe Mateta was allowed to retake his spot-kick. Discover the details behind this historic decision.

ANZ faces record $240m fine for misconduct

ANZ Bank agrees to a record $240 million penalty for widespread misconduct, including mishandled bond sales and fees charged to deceased customers. CEO Nuno Matos faces parliamentary scrutiny.

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.

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.

Hamilton hit with Mexico GP grid penalty

Lewis Hamilton faces a devastating grid penalty at the Mexico City Grand Prix after Mercedes were found to have breached F1 parc fermé regulations, forcing the seven-time champion to start from the back of the grid.

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.

CBA Boss Confronted Over AI Sacking Scandal

A former Commonwealth Bank worker dramatically confronted CEO Matt Comyn after being terminated by artificial intelligence, exposing growing concerns about algorithmic accountability in Australia's banking sector.

Lloyds sets aside £450m for car finance claims probe

Exclusive: Lloyds Banking Group sets aside £450 million as FCA investigates discretionary commission arrangements in car finance market, potentially triggering compensation claims for millions of British motorists.

Lloyds adds £800m to car finance compensation pot

Lloyds Banking Group faces mounting costs as it allocates another £800 million to cover compensation for historical motor finance commission claims, bringing total provisions to a staggering £2 billion.

Lloyds sets aside £450m for car finance probe

Exclusive: Lloyds sets aside massive sum as FCA investigates discretionary commission arrangements in car finance market. Potential compensation claims could affect millions.

Ben Smith appointed Newcastle Building Society CEO

Newcastle Building Society announces Ben Smith as incoming Chief Executive, bringing extensive financial services experience to lead the mutual's next chapter of growth and member-focused strategy.

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.

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