TORONTO—Canada’s five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19 this fall, taking a firmer stance than some of their U.S. counterparts and some other Canadian companies. Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO) and Canadian Imperial…
Canada’s Big Five Banks to Require Staff Entering Premises to Be Vaccinated
Big Banks Brace as British Forex Class Action Seeks Go-Ahead
LONDON—A specialist London court will decide whether a long-awaited multi-billion pound class action against some of the world’s biggest banks over alleged foreign exchange rigging can proceed, after a five-day hearing kicked off on Monday. JPMorgan, Citigroup, Barclays, UBS, and NatWest, along with Japan’s MUFG Bank, are braced for the first forex class action in…
Internet Outages Hit Australian Lenders, Central Bank
Australia’s central bank, the postal service, and several commercial lenders as well as other companies grappled with internet outages on Thursday, disrupting customer accounts and financial transactions before some services were restored late in the day. The Reserve Bank of Australia said on Thursday it was cancelling its operation to buy long-dated government bonds because…
NTD News Today Full Broadcast (May 27)
A ninth shooting victim dies after Wednesday’s shooting in San Jose, California. What do neighbors have to say after finding out they lived next to the suspected gunman? The Senate passes a bill calling on the Biden administration to declassify intel on the Wuhan Institute of Virology lab. A GOP senator says intelligence agencies need…
NatWest’s Ulster Bank Fined Record 38 Million Euros for Mortgage Overcharging
DUBLIN—Ireland’s central bank on Thursday fined NatWest’s Irish business, Ulster Bank, a record 37.8 million euros for overcharging mortgage customers, some of whom lost their homes after being denied their right to a cheaper “tracker” mortgage. The penalty was almost twice the largest fine previously laid down by the regulator on any institution, a 21…
Republicans Warn Bank CEOs to stay clear of Growing Politicization, Social, Cultural Issues
December 2, 0001
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Republicans on Sept. 22 urged the heads of the nation’s largest banks to avoid inappropriately taking liberal stances on social and cultural issues such as firearms and abortion. JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser, Wells Fargo’s Charles Scharf, and Bank of America’s Brian Moynihan and other chief executives testified Thursday before the Senate Committee on Banking, Housing, and…
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