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Finance

The settlement makes Barclays the latest major bank to be sanctioned for crisis-era fraud almost a decade after the collapse of major NY financial institutions dealing in mortgage-backed derivatives sparked a global recession. The US had alleged that Barclays caused "billions of dollars in losses to investors" by selling the deals in the lead up to the financial crisis. It alleged that the borrowers whose loans backed those deals were "significantly less trustworthy" than Barclays made them ...
  • Charity Commission publishes gender pay gap figures

    Charity Commission publishes gender pay gap figures

    Finance

    Viacom-owned United Kingdom broadcaster Channel 5 has put its rival networks to shame when it comes to gender pay with women making on average 2.85% more than men. Establishing a set of metrics to regularly monitor our diversity performance and report externally on an annual basis. Although we have recently seen a tangible shift in women at the most senior levels, this doesn't go far enough yet.
  • Alcohol seller Conviviality faces administration with 2500 jobs at risk

    Alcohol seller Conviviality faces administration with 2500 jobs at risk

    Finance

    Failure to raise the required funds was likely to lead to administration, according to a report from Sky News earlier, which suggested PricewaterhouseCoopers could be be appointed as administrator as soon as Thursday, with an emergency turnaround plan possibly involving PwC partner Brian Lochead joining the company's finance department.
  • Masters assured its smallest field in 21 years

    Masters assured its smallest field in 21 years

    Finance

    Augusta doesn't recognise what happened past year". "I'll be doing some extensive work on my own at (his TPC Sawgrass practice base) before Grant comes over this weekend and we will head up to Augusta together to do our preparation there", Smith said.
  • Sensex down over 150 points; Nifty trades at 10124

    Sensex down over 150 points; Nifty trades at 10124

    Finance

    Gujarat Gas reported 42.62% rise in net profit to Rs 60 crore on 27.67% rise in net sales to Rs 1571.33 crore in Q3 December 2017 over Q3 December 2016. The stock market will stay shut on Thursday and Friday and resume trading next week on Monday. "Result season will be next major trigger as earnings growth remain in the initial stage of recovery while investors are focused on the possibility of further upgrade", he added.
  • Takata airbag saga went on too long: NRMA

    Takata airbag saga went on too long: NRMA

    Finance

    There have been more than 23 deaths globally, including one in Australia, and around 230 injuries from the safety device. The faulty products contain a defect that can cause inflators to explode and propel shrapnel into drivers and passengers.
  • Judge allows part of emoluments lawsuit against Trump to move forward

    Judge allows part of emoluments lawsuit against Trump to move forward

    Finance

    U.S. District Judge Peter Messitte issued a preliminary ruling Wednesday that says Maryland and D.C. have the right to pursue their case as it relates to Trump's hotel, according to court documents. Though a similar ethics lawsuits against the president, filed by the Citizens for Ethics and Responsibility in Washington (CREW) was thrown out in December, the watchdog group is now serving as co-counsel on the attorneys generals' suit.
  • Pilots Report 'UFO' Sighting to Air Traffic Control in Eerie Audio Footage

    Pilots Report 'UFO' Sighting to Air Traffic Control in Eerie Audio Footage

    Finance

    High above the Arizona and New Mexico border, they saw a UFO . The controller proceeds to ask an American Airlines pilot flying on the same path behind the Learjet to keep an eye out for something that may go past them. For the first time past year, the Pentagon confirmed that it had run an operation , known as the Advanced Aviation Threat Identification Program, to investigate reported UFO sightings.
  • Facebook making privacy features more accessible

    Facebook making privacy features more accessible

    Finance

    The Government felt there was a need for further information about the data breach from Facebook . GDPR is been created to protect the digital security of citizens within the European Union and how this policy limits the online companies collect data of their consumers.