Days after the Financial Conduct Authority (FCA) sanctioned Barclays for failing to check a £1.88bn deal it handled for “politically exposed people”, shareholders are calling for the bank to claw back the bonuses of those involved in the scandal.
National newspaper publisher Trinity Mirror has found itself slapped with a £70,000 fine from HM Revenue and Customs (HMRC) after paying its VAT bill one day late.
France’s privacy watchdog has rejected Google’s attempt to reverse a ruling that the “right to be forgotten” should be applied across the world rather than just in Europe.
The Data Protection Act 1998 was enacted to bring British law into line with the EU data protection directive of 1995. Since then, the rate at which technology has advanced has been astronomical, resulting in a surge of innovative ways in which businesses can commercially exploit personal data.
Ofcom's review of complaints handled by telecoms operators in 2010 has seen companies such as Three levied with fines. The latest company to face a penalty for lax procedures is EE.
Six of the world's largest banks have been fined £3.6bn for manipulating the foreign exchange market – with several records broken in the process. Analysts have started taking a second look at regulations, the trading floor and the culture within banks in general.