Category: banking
Treasury faces legal action over ‘dirty’ banking investments – The Guardian
“Campaign groups say bank bailout breaches government’s own policies on reducing carbon emissions by lending money to coal, oil and gas companies.”
The Guardian, 1st July 2009
Source: www.guardian.co.uk
OFT vows to pursue bank charges – BBC News
“The Office of Fair Trading (OFT) will still pursue bank overdraft charges as unfair, even if it loses the current legal appeal in the House of Lords.”
BBC News, 25th June 2009
Source: www.bbc.co.uk
Future of ‘free banking’ depends on courts, Law Lords told – Daily Telegraph
“The future of free personal banking depends on the outcome of a renewed legal challenge by major high street banks, the Law Lords have been told.”
Daily Telegraph, 24th June 2009
Source: www.telegraph.co.uk
Bank worker who raided Sir Victor Blank’s account jailed for three years – Daily Telegraph
“Anthony Webster, 23, acted as the ‘inside man’ in a scam which saw more than £615,000 in total stolen from wealthy clients of Barclays, a court heard.”
Daily Telegraph, 20th May 2009
Source: www.telegraph.co.uk
Watchdog to examine bank advertising – The Observer
“The Advertising Standards Authority is planning to launch an investigation into banks and building societies which offer accounts that appear to offer good savings rates when in fact they pay little more than zero interest.”
The Observer, 17th May 2009
Source: http://observer.guardian.co.uk/
National Commercial Bank Jamaica Ltd v Olint Corporation Ltd – Times Law Reports
National Commercial Bank Jamaica Ltd v Olint Corporation Ltd
Privy Council
A bank was entitled to close the accounts of a customer company against which allegations of fraud had been made. The Privy Council so held in giving reasons for having allowed, on January 26, 2009, an appeal by National Commercial Bank Jamaica Ltd against the Court of Appeal of Jamaica which in allowing an appeal by Olint Corp Ltd from Mr Justice Jones, it granted the company injunctions until trial restraining the bank from closing its accounts.
The Times, 6th May 2009
Source: www.timesonline.co.uk
Rich investors sue Queen’s bankers – The Times
“More than 500 of the richest people in Britain are planning legal action against Royal Bank of Scotland (RBS) for losses of more than £200m from investments through Coutts, the Queen’s bankers, which it bought in 2000.”
The Times, 29th March 2009
Source: www.timesonline.co.uk
Guardian loses legal challenge over Barclays documents gagging order – The Guardian
“The Guardian today lost a high court challenge to lift an emergency gagging order imposed on the publication of Barclays bank documents alleged to detail huge tax avoidance schemes.”
The Guardian, 19th March 2009
Source: www.guardian.co.uk
High court to deliver ruling on bank’s gag on tax documents – The Guardian
“A high court judge is due to rule today on Barclays’ attempt to ban the Guardian from publishing whistleblower documents about the bank’s tax avoidance schemes.”
The Guardian, 19th March 2009
Source: www.guardian.co.uk
Lawyers welcome plans for financial shake-up – The Times
“Proposals aimed at shaking up Britain’s banking sector received a cautious welcome from the City’s leading financial services lawyers today.”
The Times, 18th March 2009
Source: www.timesonline.co.uk
Barclays in court again to halt publication
“Barclays Capital will return to court tomorrow in a bid to prevent the publication of leaked documents that allegedly detail how the bank avoided paying hundreds of millions of pounds in tax.”
The Times, 17th March 2009
Source: www.timesonline.co.uk
HMRC investigates allegations of tax avoidance schemes at Barclays – The Times
“HM Revenue & Customs (HMRC) is reportedly investigating alleged tax avoidance schemes run by Barclays.”
The Times, 17th March 2009
Source: www.timesonline.co.uk
Voluntary code to make banks pay taxes could be made law – The Independent
“A new code of conduct for banks to stop them avoiding billions of pounds in taxes is to be introduced, Alistair Darling announced yesterday.”
The Independent, 17th March 2009
Source: www.independent.co.uk
Pensioners hire Cherie Blair to sue Sir Fred Goodwin and RBS – The Times
“British pension funds are to sue Sir Fred Goodwin and the Royal Bank of Scotland in the American courts for hundreds of millions of pounds, The Times has learnt.”
The Times, 16th March 2009
Source: www.timesonline.co.uk
Northern Rock rescue ‘did not limit competition’ – The Times
“The Office of Fair Trading (OFT) has concluded that nationalising Northern Rock has had no ‘significant adverse’ impact on competition across financial services.”
The Times, 10th March 2009
Source: www.timesonline.co.uk
OFT can assess bank charges for fairness, rules Court of Appeal – OUT-LAW.com
“The Office of Fair Trading (OFT) can assess the fairness of bank charges for unauthorised overdrafts, the Court of Appeal ruled yesterday. Seven banks and one building society have vowed to appeal the ruling to the House of Lords.”
OUT-LAW.com, 27th February 2009
Source: www.out-law.com
OFT can rule on bank charges, say judges – The Times
“An end to hefty bank charges for unauthorised overdrafts moved closer yesterday with a Court of Appeal ruling that the Office of Fair Trading can decide if such charges are fair. But the decision that fees levied on personal current account customers can be regulated could also herald the end of free banking.”
The Times, 27th February 2009
Source: www.timesonline.co.uk
Bank charges ruling paves way for refunds – The Guardian
“Banks and building societies could be forced to return billions of pounds to consumers after a court threw out their appeal over unauthorised overdraft charges.”
The Guardian, 26th February 2009
Source: www.guardian.co.uk
Sir Ken Macdonald rounds on Britain’s banking robbers – The Times
“Fraudulent bankers are more of a danger to society than terrorists and the failure to reassure people that their money is safe is an ‘absolute failure of public policy’, a former Director of Public Prosecutions says today.”
The Times, 23rd February 2009
Source: www.timesonline.co.uk
