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The Latest Breaking News from The Bank of London

UK banking watchdog issues ‘first of its kind’ £2m fine

IN FULL

The Independent UK

Bank of London and parent firm fined £2 million for misleading banking watchdog

The Prudential Regulation Authority (PRA) said it is the first time it has fined a firm for failing to conduct its business with integrity.

Evening Standard

Troubled UK bank fined £2 million for misleading financial watchdog

The PRA said it is the first time it has fined a firm for failing to conduct its business with integrity

The Independent UK

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‘Significant doubt’ revealed over Bank of London’s ability to keep operating

Auditors question if Peter Mandelson-linked firm can raise adequate funding after news of regulator’s investigation

The Guardian - UK

Mandelson-backed Bank of London reveals £42m in fresh funding days after winding-up petition

Clearing bank’s future was thrown into question by HMRC action over unpaid taxes last Thursday

The Guardian - UK

Bank of London hires 300 staff as it applies for EU banking licence

The Bank of London is to hire 300 staff and formally applied to the EU for a banking licence, it said today, as it embarked on a major expansion across Europe.

Evening Standard

Joe Lycett and Sam Smith lead Rainbow Honours nominees as iconic venue for awards revealed

Joe Lycett's protest against David Beckham's controversial deal with Qatar has been nominated for yet another prestigious award, with Sam Smith, Graham Norton, Andrew Garfield, Dame Kelly Holmes and more also recognised in the Rainbow Honours shortlist

Daily Mirror

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HSBC to buy Silicon Valley Bank UK after weekend of crisis talks

Chancellor Jeremy Hunt said deposits will be protected

The Independent UK

Silicon Valley Bank: FTSE 100 tumbles 2.5%; HSBC rescues SVB UK – as it happened

Silicon Valley Bank UK has been sold to HSBC, in a deal that protects depositors’ money, says Treasury and Bank of England after weekend talks

The Guardian - UK

Bank of London confirms bid to rescue Silicon Valley Bank UK

The clearing bank is the first confirmed bidder for the UK arm of the collapsed Silicon Valley Bank

Evening Standard

New bank considers offer for UK arm of collapsed Silicon Valley Bank

A new bank which has only been in business for two years is considering a bid to buy the British arm of the failed Silicon Valley Bank (SVB), according to reports.

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