RBC was hit with the biggest fine of £34.2million, while Morgan Stanley's penalty came to £29.7million. HSBC was fined £23.4million while Citi took a hit of just £17.6million, having been ...

HSBC UK has also made a 0.25% reduction to its standard variable rate (SVR) for residential mortgages – now at 6.74%.

Citi faces a £17.2m fine, which includes a 35 per cent leniency discount and a 20 per cent reduction for settling before the CMA published its initial findings from the investigation. HSBC will ...

The Net-Zero Banking Alliance — an alliance of lenders nominally committed to fighting climate change — is debating whether ...

Asian markets rallied on Tuesday following another positive day on Wall Street stoked by US data that eased recession fears, ...

The individual fines for the banks are as follows: HSBC was fined 23.4 million pounds, Morgan Stanley was fined 29.7 million pounds, and RBC was fined 34.2 million pounds. Citi received a reduced ...

RBC received the largest fine at £34.2m, followed by Morgan Stanley's fine of £29.7m and HSBC's fine of £23.4m. All three banks were given a 10% reduction for settling after the CMA's Statement ...

A major bank is extending a “financial health check” service across its branch network. HSBC UK said the move builds on the success of its telephone-based Financial HealthCheck, which has seen more ...

Four of the largest banks in the world will pay fines totalling over £100m to the UK competition watchdog after traders shared market sensitive information about gilts in private chatrooms. Individual ...

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The largest fine went to Royal Bank of Canada, which will pay £34.2 million. Citi will pay around £17.2 million, HSBC £23.4 million and Morgan Stanley £29.7 million. All the banks had their ...