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  • Reuters - UK Focusyesterday

    Bank of England financial crisis liquidity auctions cleared by fraud agency

    Britain's Serious Fraud Office (SFO) has found no evidence of criminality in its investigation into how the Bank of England (BoE) pumped liquidity into the financial system to support banks during the financial crisis, it said on Friday. Auctions of central bank funds in return for collateral such as bonds took place in 2007 and 2008 during a crisis that ultimately forced taxpayers to bail out lenders such as Royal Bank of Scotland and Lloyds. "The focus of the investigation was whether assistance had been provided to certain financial institutions to enable them to bid successfully for the available funding, to the possible detriment of other institutions," the SFO said on Friday.

  • Moody's2 days ago

    Ulster Bank Ireland DAC -- Moody's upgrades Ulster Bank Limited's deposit ratings to A2 and upgrades Ulster Bank Ireland DAC's deposit ratings to Baa2; outlook stable

    Rating Action: Moody's upgrades Ulster Bank Limited's deposit ratings to A2 and upgrades Ulster Bank Ireland DAC's deposit ratings to Baa2; outlook stable. Global Credit Research- 23 Jun 2017. Standalone ...

  • Barclays in the dock: The central allegation against the bank
    Sky News3 days ago

    Barclays in the dock: The central allegation against the bank

    Nearly a decade after the financial crisis, its tentacles have finally reached out into the criminal courts. A bank and four of its most senior former employees all charged with a fraud involving billions of pounds and the sovereign wealth fund of Qatar. The Serious Fraud Office (SFO) is fighting for its future, while Barclays (LSE: BARC.L - news) has suffered years of reputational hits.