Tag: financial services
Commonwealth Bank faces record fine over money laundering failings
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
CBI: Brexit deal must avoid ‘cliff edge’ for financial services
Confederation of British Industry tells the UK chancellor that a Brexit deal which fails to include financial services is “like building a ship with no sails”.
Barclays International reveals its gender pay gap of 48%
Barclays reveals the challenge facing financial services on equal pay by disclosing that on average women are paid almost half as much as men at the bank.
Reported fraud in the UK soars to more than £2bn
Reported fraud in the UK rises by 538% to £2.11bn in 15 years, with the financial services sector the worst affected.
Investigation into PwC’s client asset reporting at Barclays closes
Accounting’s watchdog ends investigation into PwC’s audit work at Barclays, deciding there is “not a realistic prospect” of an adverse finding.
Financial services firms battle to increase female applications
Only a third of financial services firms in the UK manage to increase applications from women, despite targeted recruitment campaigns.
PM: Too few women reach the top in financial services
Financial services firms sign up to charter committing them to promote women in top roles.
Senior managers’ regime expanded
Rules to make bank executive and non-executive directors more accountable for failings will be extended across the financial sector, but plans for stricter treatment of parties as “guilty until proven innocent” have been shelved.