Otumfuo’s money laundering case is still on, with the Ashanti King being cited for ditching laid down funds transfer procedures in moving over £350,000 from Ghana to the UK. Traditional leader of the Ashanti Kingdom, Asantehene Otumfuo Nana Osei Tutu II ,has been cited in a money laundering suit involving a bank in the United Kingdom. Otumfuo’s … Read more
Jes Staley, the chief executive of Barclays, will lose his annual bonus after two regulators opened an investigation into his conduct in a whistleblowing case. He had tried to discover who wrote a whistle blowing letter to the bank. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will investigate his conduct. Barclays … Read more
Barclays will this week announce the appointment of Sir Ian Cheshire as chairman of its UK-based operations, a key milestone in its planning for new rules aimed at protecting taxpayers in a future banking crisis. Sky News has learnt that Sir Ian’s application to chair Barclays UK has been approved by the Prudential Regulation Authority … Read more