Kevin McKenna of the Guardian reports on John Guidi, bankrupted by mis-sold loans, who today starts a hunger strike outside the Clydesdale Bank’s headquarters The Guardian
The FRC is to impose a fine of about £4m on the firm’s work on the Co-op Bank’ 2009 accounts, Sky News learns. Sky
The east London authority filed a high court claim against RBS earlier this week, the Guardian can report. The claim centres on terms of its lender option borrower option loans, known as Lobos, which...
The Guardian, BBC and Financial Times have reported on the legal claim that has been filed by seven councils against Barclays, which is linked to £500m LOBOs underpinned by LIBOR. No LOBOs believe this...
The BBC reports that evidence has emerged of a government agency's role in the Royal Bank of Scotland's (RBS) controversial Global Restructuring Group (GRG). View BBC
An internal report by Cornwall Council titled 'Refinancing of the Council’s Two Royal Bank of Scotland Inverse Floating LOBOs', confirms support for the Section 151 Officer's delegated decision to redeem...
The court case brought by the Serious Fraud Office (SFO) will see the former chief executive John Varley, ex investment banking chief Roger Jenkins, former Barclays Wealth boss Thomas Kalaris and...
The shadow chancellor, John McDonnell, has called for a government investigation into the use of high-cost bank loans after a report, to which Nick Stoop of Warwick Risk Management was a contributor, found...
Northamptonshire County Council has joined the growing number of local authorities exiting Lender Option Borrower Option (LOBO) loans, repaying a £20m loan during October. (Room 151)