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Tag Archive: case

  • Lehman creditors v Barclays case goes ahead

    Barclays will face a trial over an alleged £11 billion “windfall” resulting from its acquisition of Lehman Brothers’ assets. After walking away from discussions aimed at saving the bank in September 2008, Barclays bought Lehman Brothers’ investment banking and capital … Read more »

  • US authorities prosecute largest-ever identity theft case

    Three men have been charged in connection with an identity theft case that is the biggest yet to be prosecuted by US authorities. The defendants allegedly stole over 134 million credit card and debit card numbers by infiltrating the IT … Read more »

  • Court rules in bank’s favour in “phantom withdrawal” case

    A UK court has found against a customer who sued his bank after being held liable for withdrawals from cash machines, which he claims he did not make. So called “phantom” withdrawals occur when money is withdrawn at bank ATMs … Read more »

  • FSA wins case against Winterflood

    The Financial Services Authority (FSA) has announced that its case against Winterflood and two of its traders, Mr Sotiriou and Mr Robins at the Financial Services and Markets Tribunal (the Tribunal) has proven successful. Winterflood is the largest market maker … Read more »

  • Consumers win latest round in overdraft charges case

    The banks involved in the High Court case brought by the Office of Fair Trading (OFT) to establish the legality of unauthorised overdraft charges, have lost an appeal against a ruling in the case. Last year, Mr Justice Andrew Smith … Read more »

  • NatWest ahead of the field on unfair bank charges case

    A new ruling in the High Court test case over unauthorised bank charges could mean that some customers of NatWest can reclaim their charges. Mr Justice Andrew Smith has ruled that from 2001 to July 2003 the bank used terms … Read more »

  • Northern Rock shareholders pursue compensation

    Shareholders in Northern Rock have instigated a case in the High Court seeking compensation from the Government because of the way in which it nationalised the collapsed bank in February of last year. The action is being brought by hedge … Read more »

  • RBS makes plans to reimburse overdraft charges

    Royal Bank of Scotland (RBS) and its subsidiary NatWest could become proactive in refunding the unauthorised overdraft charges that are currently the subject of a High Court test case. According to an internal document leaked to the BBC, the group … Read more »

  • Banks challenge High Court ruling on overdraft charges

    The seven High Street banks involved in the High Court case brought by the Office of Fair Trading (OFT) to establish the legality or otherwise of charges for unauthorised overdrafts, have begun their appeal against a ruling in the test … Read more »

  • FSA extends bank charges waiver

    The Financial Services Authority (FSA) has extended the deadline for UK banks to deal with customer complaints about unfair overdraft charges, by six months. Customers with such grievances have already waited one year since the last FSA waiver but the … Read more »

  • Banks delay High Court charges case with appeal

    High Street banks are set to delay the outcome of the High Court case brought by the Office of Fair Trading (OFT) to establish the legality of their charges for unauthorised overdrafts. Consumer group Which? has reported that Mr Justice … Read more »

  • High Court rules in favour of OFT in bank charges case

    An initial High Court ruling on the penalty charges made by Britain’s High Street banks has found in favour of the Office of Fair Trading (OFT), which brought the case against eight banks, on the grounds that charges being made … Read more »