11.7 C
August 12, 2022
Finance Technologies

Banks investigate sales push linked to corporate loans

Banks in the UK are investigating whether they pressured corporate clients into giving them extra business in return for loans, after the country’s financial watchdog warned against the practice during the coronavirus pandemic. The Financial Times reports that lenders including Barclays, Deutsche Bank, HSBC and Santander are conducting internal reviews to find out whether any of their investment bankers tried to link emergency financing to more lucrative services, according to people familiar with the matter. Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews. Those services could include advisory roles on share issues or bond deals, or the sale…
Banks investigate sales push linked to corporate loans

Related posts

West Bromwich Building Society launches mobile app with Unisys

Amme Jhonson

Effectively combating fraud while staying user-friendly

Amme Jhonson

UK government seeks open banking revamp for HMRC

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy