
BP CEO resigns over investigation into relationships with colleagues
Bernard Looney, CEO of oil giant BP, has resigned after less than four years in the role over an investigation into his past relationships with members of BP staff.
Bernard Looney, CEO of oil giant BP, has resigned after less than four years in the role over an investigation into his past relationships with members of BP staff.
Working from home became the norm during the Covid-19 pandemic and is seen by many as one of the few positive outcomes of lockdown. However, the golden days of logging on wearing your pyjamas could soon be over, as many banks are now launching plans to roll back remote working and get staff back into the office as much as possible.
After looking into the anti-money laundering efforts of 30 major banks over the spring, Swiss financial regulator, FINMA, has published a new set of guidelines, outlining its findings and highlighting measures Swiss banks must take to improve their protections against money laundering – a longstanding problem in the region.
A government policy statement published today by the UK Treasury has set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or deposit cash.
Greenwashing is fast becoming a key area of focus for financial regulators around the globe, evidenced by the growing number of cases against banks for misrepresenting their ESG credentials. In our latest free report, we take a look at some examples of high-profile greenwashing cases and how the regulatory landscape for targeting and preventing greenwashing is shaping up.
The African Development Bank (AfDB) has confirmed that a fund it launched to help finance anti-corruption projects has been untouched since it was created seven years ago.
The US Securities and Exchange Commission (SEC) has confirmed that crypto exchange Bittrex and its co-founder and former CEO, William Shihara, have agreed a settlement for charges that they were operating as an unregistered national securities exchange, broker and clearing agency.
FTX is suing former CEO and founder Sam Bankman-Fried for US$1bn, along with three former executives at the firm.
The boss of NatWest has apologised for comments made about former UKIP leader Nigel Farage calling him “xenophobic” and “racist.”
Several major UK high street banks are coming under fire for failing to pass on growing interest rates to their savers amid allegations of profiteering.
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