By: Ainsley Brown The Toronto Dominion Bank (TD), one of Canada’s leading financial instructions has been fined £7 million by the Financial Services Authority (FSA). The FSA, charged with policing financial institutions in the UK, has imposed the fourth highest fine in its history on TD for repeatedly failing “to follow established procedures in ensuring the trader’s books were independently… Continue reading "TD Fined £7 Million In the UK"
By: Ainsley Brown Banks in London, England are set to roll out their living wills by the end of the year. The living wills are a direct consequence of the financial – bank – meltdown experienced in the UK. The pilot scheme is set for a trial run in London before being expanded to the rest of the country will see… Continue reading "London Banks Set To Write Living Wills"
By: Ainsley Brown As the popular Jamie Fox song goes: Blame It On The Alcohol. Well no says the Financial Services Authority (FSA), the UK financial sector watchdog, as it handed down a ban on a trader for “a lack of honesty and integrity.” Apparently the FSA frowns on making $10 million dollar trades and concealing it from superiors and… Continue reading "The Booz Will Get You Every Time: London Trader Banned."