It was standard industry practice, according to the CCRC application for Mr Hayes, to select a rate within that accurate range best suited to the bank’s commercial interests – based, for example, on the trades it had done. That was, according to him and the other defendants in rate-rigging trials, in line with a fiduciary duty they had as part of their jobs to do all they could to maximise revenues and minimise losses for their banks.
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Workers call the shots as job vacancies boom
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Daniel Browne, who runs Blossom & Browne’s Sycamore, a laundry service for London hotels, says trying to hire new...
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Final cost-of-living payment to be paid out
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“Our data shows that the cost-of-living payments do offer some respite to people, but this is short lived. Historically...
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Wine drinkers face higher prices and less choice, firm warns
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According to the Wine and Spirit Trade Association (WSTA), if wine is taxed according to its alcoholic strength in...
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Homebase to put mini-garden centres at Next stores
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So the chain is making space at its stores in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield, for garden...
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Could product passports revolutionise the way we shop?
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For new building 100 Fetter Lane in London, architects Fletcher Priest and engineers Waterman have been asking suppliers to...
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What the Autumn Statement means for you and your money
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By Kevin Peachey Cost of living correspondent In a speech focused at least partially on an upcoming election, Chancellor...
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Bank of England governor defends rate hike ahead of looming recession
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In response, Mr Bailey said: “If you go back two years… given the situation we were facing at that...
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Food price cap will not make a difference – retailers
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The BRC, a trade association which advocates on behalf of more than 200 retailers, said the government should focus...
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