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6 HOURS AGO - The Independent

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Tesco: we will foot legal bills for ousted bosses sued over scandal

Tesco could end up footing a huge legal bill for its sacked former executives Philip Clarke and Laurie McIlwee if any action is taken against them as part of a Financial Conduct Authority investigation into a £260m accounting scandal.

Tags: Tesco: we will foot legal bills for ousted bosses sued over scandal,  Financial Conduct Authority Latest News

OCT 23, 2014 - TheStreet

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CEO Lewis Hints at Restructuring as Tesco Profit Plunges

U.K. food retailer Tesco plc on Thursday announced another steep decline in earnings and hinted at restructuring measures as its chairman tendered his resignation following an accounting scandal. Once an unstoppable force in global retailing, Tesco has failed to regain its footing ever since its fortunes abruptly turned almost three years ago. The Cheshunt, England-based group's problems took on a ...

Tags: CEO Lewis Hints at Restructuring as Tesco Profit Plunges,  Financial Conduct Authority Latest News

OCT 17, 2014 - FT Alphaville

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Guest post: One virtual account number to rule them all

By David Birch, a director of the secure electronic transactions consultancy, Consult Hyperion. He is an internationally-recognised expert in digital identity and digital money. The Financial Conduct Authority (FCA) has just launched an investigation into the Current Account Switching System (CASS) that the UK banks were forced to implement a year ago. Interestingly, though, they are also reviving an idea ...

Tags: Guest post: One virtual account number to rule them all,  Financial Conduct Authority Latest News

OCT 16, 2014 - TheStreet

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Will UBS (UBS) Stock Be Helped Today by DOJ Settlement Talks?

NEW YORK (TheStreet) -- UBS ais in talks with the Department of Justice to resolve allegations it manipulated the foreign exchange marketaas authorities worldwide look to bring their first cases by the end of the year, sources told the Financial Times. If a deal is struck, the Swiss bank would become the first lender to settle with the DOJ since ...

Tags: Will UBS (UBS) Stock Be Helped Today by DOJ Settlement Talks?,  Financial Conduct Authority Latest News

OCT 15, 2014 - Huffington Post

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How Public Education Dollars Are Flowing Into For-Profit Companies

Versions of this story were co-published with The Daily Beast, Raleigh News & Observer and Charlotte Observer. In late February, the North Carolina chapter of the Americans for Prosperity Foundation — a group co-founded by the libertarian billionaire Koch brothers — embarked on what it billed as a statewide tour of charter schools, a cornerstone of the group's education agenda. ...

Tags: How Public Education Dollars Are Flowing Into For-Profit Companies,  Financial Conduct Authority Latest News