Tesco Mobile breaches £600m debt facility after reporting failure Telecoms The UK’s biggest virtual mobile network operator has breached the terms of its debt facility after a reporting shortfall, Morning Wire can reveal. Tesco Mobile, which has more than 5m customers and is owned by Virgin Media O2 and Tesco, identified a breach in covenants in the funding agreement it has with the Royal Bank [...]
Banks including HSBC fined £100m for ‘anti-competitive behaviour’ Banking In a statement released this morning, the Competition and Markets Authority (CMA) confirmed that the banks have agreed to pay fines for this anti-competitive behaviour.
Court chucks out HMRC double tax treaty case against RBC Legal The UK Supreme Court, by a majority, dismisses HMRC's appeal over a double tax treaty linked to a North Sea oil production
RBC fires finance chief over secret relationship with employee who enjoyed promotions and pay rises April 7, 2024 Royal Bank of Canada, the country's largest bank, has fired its chief financial officer after finding that she was in a secret personal relationship with another employee who received promotions and pay rises as a result.
HSBC plots special dividend after completing sale of Canadian business April 2, 2024 HSBC said the deal will unlock "significant value" for the bank. Completion of the transaction will result in an estimated gain on sale of $4.9bn in HSBC's first quarter results.