Category : Search result: banking error

WH Smith CEO Exits After £50m US Accounting Error Wipes £600m Value

WH Smith CEO steps down after accounting scandal

WH Smith's chief executive departs immediately following a major accounting failure in its North American division that slashed profits and wiped nearly £600m from market value.

Reeves Targets Banks with £50bn Profit in Budget Tax Raid

Banks Back in Budget Crosshairs for Tax Raid

Chancellor Rachel Reeves considers a bank surcharge hike despite competitiveness fears. The Budget U-turn follows record £50.3bn bank profits. Discover the implications.

ABN Amro Acquires NIBC Bank from Blackstone in Strategic Move

ABN Amro Buys NIBC Bank from Blackstone

Dutch banking giant ABN Amro acquires NIBC Bank from Blackstone in strategic expansion. Deal strengthens commercial banking presence with €672 million transaction.

British Ukraine volunteer's bank accounts shut by Santander

UK volunteer for Ukraine has bank accounts closed

Santander closes all UK bank accounts of British humanitarian volunteer working in Ukraine without explanation, raising concerns about banking restrictions affecting Ukraine support efforts.

UK Banks Warn of Competitive Threat from US Deregulation and Private Credit

UK Banks Sound Alarm Over Competitive Threat

UK banking chiefs warn that regulatory disparities with the US and rising private credit threaten London's status as a global financial hub. Read the full analysis.

Goldman Sachs Elevates Seven Wealth Management Stars in EMEA to Managing Director

Goldman Sachs promotes seven in EMEA wealth team

Goldman Sachs International has promoted seven senior professionals within its EMEA private wealth management division to managing director roles, signalling strong growth in the region's wealth business.

Prisoner's Conscience: Fugitive Voluntarily Returns to Custody After Release Error

Prisoner returns after mistaken release

Billy Smith surrenders to authorities just hours after being mistakenly freed from prison in a surprising turn of events that has raised serious questions about prison security protocols.

Prison System Blunder: Dozens of Inmates Wrongly Freed in Major Security Breach

Prison Blunder: Dozens Wrongly Freed

Exclusive investigation reveals how systemic failures led to the mistaken release of prisoners across England and Wales, raising serious questions about public safety and justice system protocols.

Pub Shock: Londoner's Simple Drink Order Sparks £1,000 Bar Tab Nightmare

London pub charges customer £989 for one drink

A casual drink in a London pub turned into a financial nightmare when one customer discovered their card had been charged nearly £1,000 for a single beverage, exposing payment system vulnerabilities that could affect anyone.

Prison Blunder: Sex Offender Accidentally Freed in East London Security Scandal

Sex offender accidentally released from London prison

A convicted sex offender was mistakenly released from Thameside Prison in what authorities are calling a 'serious administrative error', sparking urgent police investigations and public safety concerns across East London.

Rachel Reeves' Budget: Major Banks Set to Dodge Tax Increases in Autumn Statement

Banks set to escape tax rises in Reeves budget

Chancellor Rachel Reeves is expected to spare Britain's banking sector from tax rises in her first major Budget, despite previous Labour criticism of bank profits during the cost-of-living crisis.

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