It was standard industry practice, according to the CCRC application for Mr Hayes, to select a rate within that accurate range best suited to the bank’s commercial interests – based, for example, on the trades it had done. That was, according to him and the other defendants in rate-rigging trials, in line with a fiduciary duty they had as part of their jobs to do all they could to maximise revenues and minimise losses for their banks.
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New mortgage deals being pulled within days
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Everything, Mr Abbott admits, feels like a gamble at the moment. Unless rates start to fall soon, they will...
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Four Gupta steel firms face winding up orders, say reports
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The Community, Unite and GMB unions, who represent the steel industry, said in a joint statement: “This action by...
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New rules aim to end ‘rip-off’ finance fees
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Eric Leenders, managing director of personal finance at UK Finance, the trade body for the banking sector, said he...
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Coronavirus: Cost of testing ‘is too much for people to travel’
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“We have been very much in favour of introducing the traffic light system, but with the category of green...
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US election 2020: The young people struggling in the 2020 economy
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Alicia Gallegos, 21, of New Mexico, who backed Mr Sanders in the primary and describes herself as holding “very...
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Bars and restaurants struggle with staff isolating
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Ian Payne, chairman of the nationwide Stonegate group of pubs, wrote on social media that the chain has around...
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Plastic bag charge to double to 10p in all shops in England
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Association of Convenience Stores chief executive, James Lowman, said: “We strongly welcome the inclusion of local shops and other...
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CBI boss Tony Danker sacked over misconduct claims
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The CBI dismisses Tony Danker following complaints about his conduct involving a female employee.
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