Category Archives: Banking

Kim Jong-un’s banker defects in Russia, say reports

Yun Tae-hyong, a senior official at Korea Daesong Bank, vanished last week in Nakhodka with $5m, claims newspaper Continue reading…
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RBS fined £14.5m over mortgage advice

Financial Conduct Authority found ‘serious failings’ in its advice to mortgage customers

State-backed Royal Bank of Scotland has been fined £14.5m after the City regulator found “serious failings” in its advice to mortgage customers.

The Financial Conduct Authority (FCA) said only two of the 164 sales it reviewed between June 2011 and March 2013 were considered to meet the standard required overall in a sales process.

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Posted in Banking, Business, Financial Conduct Authority, Financial sector, Money, Mortgages, Property, Regulators, Royal Bank of Scotland, UK news, World news | Comments Off