Wednesday, April 7, 2010 as of 11:14 AM ET
The Financial Times (FT) is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world.
Read More at Wikipedia ›The former head of fraud and security for digital banking at Lloyds Banking Group PLC (LLOY.
LN), which is 40% owned by the U.K. taxpayer, faces a criminal charge for allegedly claiming almost GBP2.4 million ($3.9 billion) in fake invoices, the Financial Times in London reported Saturday, citing the Crown Prosecution Service.Jessica Harper now faces a charge of fraud by abusing her position, relating to the alleged wrongdoing between September 2008 and December, the Crown Prosecution Service said Friday.The CPS alleges that, "Jessica Harper dishonestly and with the intention of making a gain or herself, abused her position as an employee of Lloyds Banking Group, by submitting false invoices to claim payments totaling GBP2,463,750.88 million, to which she was not entitled," the FT said.Harper, who was a middle-ranking manager, is no longer an employee of the bank.It is alleged that she defrauded the bank rather than its customers, according to people familiar with the matter, the FT said...Officials from as many as 20 top European banks are set to discuss plans Wednesday to deal with ratings companies, including the disclosure of information to some of...
The latest guessing game in the global financial markets revolves around whether debt-ridden Greece will remain in the beleaguered eurozone.Investors searching for c...
Greece's Ministry of Finance confirmed that it would repay approximately 435 million euros ($560 million)of bonds maturing Tuesday as part of debt owed to private cr...
German utility E.ON AG (EOAN.XE) intends to shut down for good three large gas-fired power plants in southern Germany, because the plants don't operate profitably, t...
Investment Corporation of Dubai and South Korea's Samsung Life Insurance Co. (032830.SE) are set to sign a memorandum of understanding Monday for the sale of life in...
A federal review of Facebook's buyout of photo-sharing company Instagram could reportedly delay the $1 billion deal's closure beyond the second quarter and slow the ...
Germany's GSW and its former owner, Whitehall Funds, are bidding more than EUR1 billion for a German real estate portfolio owned by Barclays PLC (BCS), Reuters repor...
Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDSB) are set to be named by Ukraine to explore two vast fields for shale gas exploration, The Financial Times reporte...
Only in America can you find monetary policy metaphors involving jelly donuts and the Simpsons. In a rare column, hedge fund manager David Einhorn recently penned a ...
Germany's Bayer AG (BAYN.XE) has contacted rivals to sound out their interest in buying its diabetes instrument business, German daily Financial Times Deutschland re...
Germany's Bayer AG (BAYN.XE) has contacted rivals to sound out their interest in buying its diabetes instrument business, German daily Financial Times Deutschland re...
Hyundai Motor Co (HYMLY, 005380.SE) said Tuesday that it will begin commercial production at its new Brazil factory in November.Hyundai is building a factory with an...
The U.K's coalition government is preparing a "massive" increase in state-backed investment in housing and infrastructure projects in a bid to stimulate the country'...
Former OMB Director David Stockman on the European debt crisis.
J.P. Morgan Chase & Co.'s (JPM) chief investment office, the unit at the center of the bank's trading loss estimated at over $2 billion, has been the biggest buyer o...
Royal Dutch Shell PLC (RDSA) Chief Executive Officer Peter Voser expects U.S. natural gas prices to double by 2015, but to remain under pressure in the short term, t...
The government of Spain will announce Thursday that it is appointing Oliver Wyman and BlackRock Inc. (BLK) to independently value real-estate loans in the nation, th...
Georgian Railway LLC Wednesday announced the price range for an initial public offering of shares on the London Stock Exchange later this month, paving the way for p...
Some of Europe's biggest banks plan to meet on Wednesday to discuss the type of information dissiminated to major ratings agencies Standard & Poor's, Moody's Investo...
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