“The government will propose new legislation to give the authorities more power to intervene in the case of a failing bank to prevent another Northern Rock-style crisis, the Treasury said.”
Reuters, 30th January 2008
Source: www.reuters.com
“The Office of Fair Trading (OFT) has accused banks of writing its contracts in a ‘different language’ that consumers do not understand, while giving evidence in the ongoing bank charges case.”
The Times, 29th January 2008
Source: www.timesonline.co.uk
“HM Revenue & Customs has stepped up its campaign to force banks to release the names of thousands of customers with offshore accounts as part of its fight against tax evasion, despite fears that it may be overstepping its legal powers.”
The Times, 25th January 2008
Source: www.timesonline.co.uk
“A High Court test case that could shape the future of the UK retail banking industry finally got under way today when lawyers for eight of Britain’s leading banks began defending allegations of charging ‘rip-off’ fees.”
The Times, 17th January 2008
Source: www.timesonline.co.uk
“High street banks have assembled a dream team of top-ranked QCs to fight a test case this week that could determine the future of retail bank fees.”
The Times, 14th January 2008
Source: www.timesonline.co.uk
“The long-awaited court case that will determine whether thousands of aggrieved bank customers can pursue overcharging claims against banks begins today.”
The Independent, 14th January 2008
Source: www.independent.co.uk
“Investment banks are facing a wave of litigation bigger than the Enron scandal but are unlikely to roll over this time, lawyers said.”
The Times, 9th January 2008
Source: www.timesonline.co.uk
“A test case on whether British bank charges are legal and fair begins in earnest next week when the High Court hears evidence on the fees in a key phase of a potentially long legal battle.”
The Guardian, 9th January 2008
Source: www.guardian.co.uk
“The chancellor is planning to give the Financial Services Authority more power to deal with failing banks to avoid another Northern Rock-style crisis.”
BBC News, 4th January 2008
Source: www.bbc.co.uk
“After the NatWest Three decision, what are the ramifications for other British business people?”
The Times, 11th December 2007
Source: www.timesonline.co.uk
“Britain’s high street banks have raised billions of pounds in funds through complex financial deals that use supposedly charitable trusts which are not donating a penny to good causes, the Guardian has learned.”
The Guardian, 5th December 2007
Source: www.guardian.co.uk
“The Information Commissioner launched an investigation yesterday after it was revealed that thousands of Britons’ bank details are available for sale on the internet.”
The Independent, 3rd December 2007
Source: www.independent.co.uk
“Northern Rock is facing a Charity Commission investigation after it emerged that the bank exploited the name of a charity for disabled children while creating an elaborate financial arrangement for maximising profits from home loans.”
The Guardian, 28th November 2007
Source: www.guardian.co.uk
“Banks have been accused of condoning criminal behaviour among customers by allowing them to exceed their agreed overdraft limits.”
The Times, 16th November 2007
Source: www.timesonline.co.uk
“The Office of Fair Trading yesterday warned Britain’s banks it intended to take them to task over unauthorised overdraft charges whatever the outcome of a High Court test case on the fees that is scheduled to begin in January.”
The Independent, 16th November 2007
Source: www.independent.co.uk
“Leading lawyers are united in the belief that the market downturn will lead to an increase in cases between financial institutions, as firms face up to the prospect of taking on the big banks. Claire Ruckin reports on the results of the latest Big Question survey.”
Legal Week, 15th November 2007
Source: www.legalweek.com
“The Financial Services Authority (FSA) will be accused tomorrow of failing to supervise Northern Rock when MPs grill officials over the watchdog’s role in the crisis.”
The Times, 8th October 2007
Source: www.timesonline.co.uk
“Savers in banks and building societies will have the first £35,000 of their deposits 100 per cent guaranteed from today under reforms to prevent a repeat of the Northern Rock affair.”
The Times, 1st October 2007
Source: www.timesonline.co.uk
“A lung cancer patient has gone to court to stop his bank contacting him about repayment of a loan after he was called 762 times in ten months.”
The Times, 25th September 2007
Source: www.timesonline.co.uk
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