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last refreshed Thu, 23 Feb 2012 00:50:33 GMT
Barclays clocks up 1,500 complaints a day (2/23/2012 12:28:58 AM)
The bank had 281,484 customer gripes between July and December – up 12% on the first half of 2011
Edinburgh makes Green Bank push (2/22/2012 10:25:21 PM)
Scottish ministers lead a last-minute push for the planned UK Green Investment Bank to be based in Edinburgh.
JPMorgan, Citi, BofA sued for $949 million by Sealink (2/22/2012 10:04:03 PM)
NEW YORK (Reuters) - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.
Father accused of charity cash fraud 'was protecting money from family' (2/22/2012 9:28:34 PM)
A FATHER accused of embezzling thousands of pounds from a bank account set up to pay for his son’s motor neurone disease treatment has told a court he was simply safeguarding the cash from other family members.
Breaking news: RBS set to unveil £400m bonus pot (2/22/2012 6:08:22 PM)
Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.
Breaking News: RBS set to unveil £400m bonus pot (2/22/2012 6:08:22 PM)
Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.
Breaking News: RBS set to unveil £400m bonus pot (2/22/2012 5:48:22 PM)
Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.
UK & World News: RBS set to unveil £400m bonus pot (2/22/2012 3:50:22 PM)
Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.
RBS set to unveil £400m bonus pot (2/22/2012 3:44:50 PM)
Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.
UBS plans to issue more loss-absorbing capital (2/22/2012 3:04:51 PM)
ZURICH (Reuters) - UBS plans to sell more loss-absorbing bonds to meet tougher bank capital rules after the Swiss bank tested investor appetite for these new instruments with an initial $2 billion deal last week.
Property firm in administration (2/22/2012 12:44:46 PM)
A property firm which once planned a huge marina development on Strangford Lough is placed into administration by Bank of Ireland.
Bank members voted for £75bn QE (2/22/2012 12:04:14 PM)
Two members of the Bank of England's Monetary Policy Committee wanted more money pumped into the economy, meeting notes reveal.
Banks and building societies slash rates on best fixed-rate bonds (2/22/2012 11:04:03 AM)
Saga withdrew its one-year, fixed-rate deal at 2.8 % after tax and replaced it with just 2.4% for new savers, while Shawbrook Bank has also closed its top-paying deals.
£60m guaranteed growth bond and structured products savings safety net alert (2/22/2012 11:04:03 AM)
Fears are growing that hundreds of thousands of savers may have mistakenly put their nest eggs into accounts which are not guaranteed in the event of a bank going bust.
RBS and Lloyds set to reveal losses (2/22/2012 10:44:06 AM)
Bailed-out banks Royal Bank of Scotland and Lloyds will this week fuel fears that it will take years for taxpayers to get their money back. Related StoriesStelios in blistering attack on easyJet's 'Putin-like' actionsTesco pays up for workersGoogle logs into live share prices with the LSEInterContinental Hotels group creating 3,000 UK jobsHays recruitment firm suffers £3m UK loss
Savings safety net alert: £60m of savers' cash could go up in smoke if there is another banking crisis (2/22/2012 9:24:21 AM)
Fears are growing that hundreds of thousands of savers may have mistakenly put their nest eggs into accounts which are not guaranteed in the event of a bank going bust.
Savers could enjoy more straight-forward guarantees if their bank goes bust (2/22/2012 9:24:21 AM)
New rules approved by the European Parliament last week should give savers a maximum of £85,000 protection for each brand a bank has.
Three of the UK's five largest banks have lost shareholders' money over past decade while bosses reap rewards (2/22/2012 9:24:21 AM)
Figures underline how bank bosses have been quick to accept bumper rewards, while delivering terrible returns.
Small firms' resilience 'growing' (2/22/2012 8:44:15 AM)
Businesses in Wales are becoming increasingly resilient, new research suggests, but there are concerns over bank lending and late payments.
While Welsh average turnover was £4,000 less than in 2009, the UK average was £11,000 higher (2/22/2012 6:47:54 AM)
THE survey showed that the most common form of finance used by small firms was bank overdraft (28%).
UPDATE 1-Wells Fargo buys BNP Paribas energy lending unit (2/22/2012 5:44:44 AM)
FEB 21 - Wells Fargo & Co said it is buying an energy lending business from BNP Paribas in the U.S. bank's latest acquisition from a European bank seeking to shrink its balance sheet.
Merrill raises bid for rivals' top brokers: sources (2/22/2012 1:05:37 AM)
NEW YORK (Reuters) - Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.
Bank plays down independence role (2/21/2012 11:07:04 PM)
The future role of the Bank of England if Scotland becomes independent is for politicians to decide, its deputy governor says.
Santander fined £1.5m for duping customers into buying risky investments (2/21/2012 6:26:24 PM)
The Spanish bank persuaded savers to put more than £2.7billion into 178,000 complicated savings plans at the height of the banking crisis.
How the bank shares wipeout hit the savings of the windfall generation (2/21/2012 6:26:24 PM)
Share ownership was the dream for millions during the windfalls era, but not today. Startling figures published today show how costly the bank failure was for small investors.
£16m fraud case: Sister sentenced (2/21/2012 4:27:53 PM)
A woman who allowed her multi-million pound fraudster brother to use her bank account has been given a 12-month conditional discharge.
Banks 'key for rural economies' (2/21/2012 12:04:15 PM)
The impact of bank closures on rural areas is being discussed in a Westminster debate called by a mid Wales MP, who says branches are crucial to local economies.
VIDEO: How did Greece mask its debt? (2/21/2012 12:04:15 PM)
Nick Dunbar, author of The Devil's Derivatives, reveals how investment bank Goldman Sachs helped Greece mask the true scale of its debt.
James Moore: Lloyds' timing is handy with these clawbacks but why must it stop there? (2/21/2012 1:45:19 AM)
So Lloyds Banking Group is getting tough with its executives. Those who presided over the bank when it was merrily misselling worthless payment protection insurance (PPI) policies alongside personal loans are going to have to forgo (some of) their bonuses. Related StoriesAnthony Hilton: Put some fun into pensions and maybe more people will get oneStephen Foley: OK, so no toga parties, but mega-rich Apple can't rest on its laurels for everStephen Foley: Block on LightSquared seems the right decisionStephen Foley: A rebellious hedgie who is certainly no heroDavid Blanchflower: The Bank of England gets it wrong yet again
BMO to buy 19.99 pct stake in China's COFCO Trust (2/20/2012 8:30:32 PM)
Feb 20 (Reuters) - Bank of Montreal said it will buy a stake in China's COFCO Trust Co, a unit of state-owned COFCO Group, to expand its offerings to the Asian country's high net worth and...
Central bank aid sought in Greek bail-out (2/20/2012 8:30:32 PM)
Eurozone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to ?170bn.
Lloyds are RBS to report huge losses (2/20/2012 6:04:45 PM)
PUBLIC opinion on bank pay and energy prices will be tested again this week when RBS, Lloyds and British Gas owner Centrica post figures for 2011.
World Bank top job 'needs change' (2/20/2012 5:24:17 PM)
The World Bank should consider appointing a non-American as its next president, a leading voice from the developing world tells the BBC.
ECB halts purchases of euro bonds (2/20/2012 5:24:17 PM)
The European Central Bank says it made no purchases of eurozone government bonds last week for the first time since August.
Central bank aid sought in Greek bailout (2/20/2012 4:59:22 PM)
Eurozone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to ?170bn.
AUDIO: 'Big change' after Lloyds bonus payback (2/20/2012 1:24:13 PM)
Business editor Robert Peston reports on Lloyds bank is taking back bonuses worth up to £2m awarded to ten of its directors after mis-selling payment protection insurance.
Ricky Ponting dropped from Australia one-day squad (2/20/2012 12:05:43 PM)
The end appears to be nigh for Ricky Ponting's one-day career after Australia dropped their former World Cup-winning captain for their next two Commonwealth Bank Series matches against Sri Lanka and India.
Lloyds to claw back £1m-plus from bonuses in wake of PPI scandal (2/20/2012 11:05:00 AM)
The bailed-out bank is the first to strip executives of part of their bonuses since the start of the financial crisis. It is understood to come on the orders of Lloyds chief executive Antonio Horta Osorio (pictured).
China moves to boost bank lending (2/20/2012 10:24:27 AM)
China's central bank cuts the amount of money banks must keep in reserve, in an effort to boost lending and sustain economic growth.
Lloyds Banking and RBS expected to report combines losses of at least £4bn for last year (2/20/2012 7:47:22 AM)
BRITAIN’S part-nationalised banks, Lloyds Banking Group and Royal Bank of Scotland, are expected to report combined losses of at least £4bn for last year.
America’s mortgage deal: Unsettling (2/20/2012 7:07:39 AM)
Why the banks could not win IT WAS billed as a landmark deal that exacted retribution on banks which wrongly turned millions of Americans out of their homes. Yet the announcement on February 9th of a huge mortgage-foreclosure settlement between five American lenders, the federal government and 49 state attorneys-general is most notable for the questions it leaves unanswered.The deal, which may have been sealed but is apparently not yet signed, calls for $25 billion to come from five of the largest American financial institutions: JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Ally Financial. No justification has been given for this overall number nor for the amount each bank is to pay (which seems to reflect market share rather than any measure of culpability). It is not clear if the money will come in the form of cash or as write-downs on loans.Where the money will go is also unclear. The federal government and the 49 states will get $5 billion, with $3
Lloyds to strip bankers of bonuses: report (2/20/2012 6:03:32 AM)
LONDON (Reuters) - British bank Lloyds is to strip five current and former senior bankers of more than 1 million pounds in bonuses over their role in the mis-selling of payment protection insurance (PPI), the Daily Telegraph reported on Monday.
The week ahead in business and economics: February 20 - 24 2012 (2/20/2012 12:15:02 AM)
The state-backed banks, Royal Bank of Scotland and Lloyds Banking Group, both report full-year results this week, and the Bank of England publishes the minutes of its latest MPC meeting.
French get tough on bank bail-outs (2/20/2012 12:15:02 AM)
Any French bank that is bailed-out by taxpayers will be part-nationalised and forced to lend to businesses and households, the Socialist party has promised if it wins the forthcoming election as expected.
RBS and Lloyds set to reveal big losses (2/20/2012 12:15:02 AM)
Lloyds Banking Group and Royal Bank of Scotland are expected to unveil combined losses of more than £4bn when they publish annual results this week.
Hibernian 0 Celtic 5: Hooper bags double as SPL leaders run riot (2/19/2012 9:53:45 PM)
Gary Hooper's double helped Celtic go 17 points clear of administration-hit Rangers at the top of the Clydesdale Bank Premier League as Neil Lennon's men hammered Hibernian at Easter Road.
Breaking news: Lloyds and RBS to post huge losses (2/19/2012 8:48:35 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
NatWest faces new anger over 'last in town' pledge after advert ban (2/19/2012 5:44:30 PM)
The Advertising Standards Authority said last week that two television adverts proclaiming that NatWest would 'continue to provide banking services wherever we're the last bank in town' were in breach of its code of conduct.
Bahrain bankers relieved, eye infrastructure projects (2/19/2012 5:44:15 PM)
MANAMA (Reuters) - Bahraini bankers expressed relief on Sunday that the February 14 anniversary of last year's democracy uprising passed without major disruptions but said lenders needed to see more infrastructure projects in the Gulf bank and tourism hub.
Lloyds and RBS to post huge losses (2/19/2012 4:29:59 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
Lloyds and RBS to post huge losses (2/19/2012 4:29:59 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
Breaking News: Lloyds and RBS to post huge losses (2/19/2012 3:08:22 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
Breaking News: Lloyds and RBS to post huge losses (2/19/2012 3:08:22 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
UK & World News: Lloyds and RBS to post huge losses (2/19/2012 2:49:24 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
Lloyds and RBS to post huge losses (2/19/2012 2:12:58 PM)
The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
China acts to crank up credit as lending, economy slow (2/19/2012 9:04:41 AM)
SHANGHAI/BEIJING (Reuters) - China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth.
Iceland's financial watchdog sacks director (2/19/2012 3:07:18 AM)
REYKJAVIK (Reuters) - Iceland's Financial Surveillance Authority (FME) said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki.
Few areas avoid house price slump (2/19/2012 3:07:18 AM)
Average house prices have risen in just two local authority areas since the UK's property boom peaked in 2007, research by the Halifax bank suggests.
Iceland's financial watchdog sacks director (2/19/2012 3:07:18 AM)
REYKJAVIK (Reuters) - Iceland's Financial Surveillance Authority (FME) said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki.
NatWest faces new anger over 'last in town' pledge after advert ban (2/18/2012 10:04:47 PM)
The Advertising Standards Authority said last week that two television adverts proclaiming that NatWest would 'continue to provide banking services wherever we're the last bank in town' were in breach of its code of conduct.
Newry bank fire listed building (2/18/2012 10:04:26 PM)
Firefighters deal with fires at a bank in Newry and a block of flats in Londonderry on Saturday night.
Breaking News: Gers crash to Killie defeat (2/18/2012 9:27:25 PM)
A turbulent week for Rangers ended in further disappointment as they crashed to a 1-0 defeat to Kilmarnock in the Clydesdale Bank Premier League in their first match since being forced into administration.
Italy must rapidly implement, extend reforms: central bank (2/18/2012 9:24:03 PM)
PARMA, Italy (Reuters) - Italy's central bank governor urged the government on Saturday to rapidly implement planned reforms and take further steps to support the euro zone's third-biggest economy, which he said would shrink by around 1.5 percent this year.
National Sport: Gers crash to Killie defeat (2/18/2012 8:47:55 PM)
A turbulent week for Rangers ended in further disappointment as they crashed to a 1-0 defeat to Kilmarnock in the Clydesdale Bank Premier League in their first match since being forced into administration.
Rangers 0 Kilmarnock 1 (2/18/2012 5:44:19 PM)
A turbulent week for Rangers ended in further disappointment as they crashed to defeat to Kilmarnock in the Clydesdale Bank Premier League in their first match since being forced into administration.
RBS chief who was lauded for giving up £1m bonus set to claim £600,000 share payout (2/18/2012 5:44:19 PM)
Mr Hester - who earns £1.2million a year - is said to be among a number of high flyers at the bank who are set to receive a total of £11m when bonuses awarded in previous years pay out.
China cuts banks' reserve requirement ratios by 50 basis points (2/18/2012 1:04:13 PM)
SHANGHAI (Reuters) - China's central bank said on Saturday it would cut the reserve requirement ratio (RRR) for banks by 50 basis points, effective from February 24.
Palestinians rally for prisoner (2/18/2012 10:44:10 AM)
Thousands have rallied in Gaza and the West Bank in support of a Palestinian on the 62nd day of a hunger strike in protest at his detention by Israel.
Five bank branches to close each week by 2018, group warns (2/18/2012 9:24:31 AM)
Five bank branches will close each week over the next six years, leaving millions of people without easy access to their cash and leading to further degradation of Britain's struggling market towns, experts have warned.
Police warning after conman tricks west Wiltshire pensioners (2/18/2012 9:07:53 AM)
A fraudster has taken hundreds of pounds from elderly victims in a bank card scam.
$6trn Of Fake US Bonds Found In Bank Vault (2/18/2012 2:48:03 AM)
Anti-mafia investigators have found fake US treasury bonds with a face value of $6trn (£3.8trn) hidden in a Swiss bank vault.
Glasgow Rangers could face criminal investigation over 'missing' £24m loan from fans (2/18/2012 2:44:23 AM)
Administrators looking into the club have admitted the money never reached the Rangers' bank account but disappeared into the account of a parent company run by owner Craig Whyte, pictured.
World Bank opens nomination process for top job (2/17/2012 11:24:12 PM)
WASHINGTON (Reuters) - The World Bank on Friday launched the nomination process to select a new president to succeed Robert Zoellick when he steps down in June, inviting names from any of its 187 member countries.
Jail for £96,000 benefits cheat (2/17/2012 3:24:16 PM)
A mother-of-six is jailed for claiming benefits, when she had more than £180,000 in nine bank accounts.
Insight: Japan slowly wakes up to doomsday debt risk (2/17/2012 1:24:03 PM)
TOKYO (Reuters) - Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks -- that is what Japan may have to contend with if it fails to tackle its snowballing debt.
Insight: Japan slowly wakes up to doomsday debt risk (2/17/2012 11:44:04 AM)
TOKYO (Reuters) - Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks -- that is what Japan may have to contend with if it fails to tackle its snowballing debt.
Nazi fakes 'hit pound confidence' (2/17/2012 5:06:48 AM)
Nazi counterfeiting "destroyed" confidence in British bank notes in Europe by the end of World War II, according to MI5.
Adolf Hitler's fake British bank notes expected to fetch £2k at auction (2/17/2012 3:45:56 AM)
There were so many counterfeits in circulation that officials even considered recalling all British bank notes and starting afresh.
Carlyle Group eyes Taiwan Ta Chong Bank exit-sources (2/17/2012 2:24:03 AM)
HONG KONG, Feb 17 (Reuters) - Carlyle Group is exploring the sale of its nearly $310 million stake in mid-sized Taiwanese lender Ta Chong Bank Ltd, sources said on Friday, becoming the second...
UPDATE 1-Carlyle joins parade of Taiwan bank exits - sources (2/17/2012 2:24:03 AM)
Feb 17 (Reuters) - Carlyle Group is exploring the sale of its more than $300 million stake in mid-sized Taiwanese lender Ta Chong Bank Ltd, sources said on Friday, joining other private equity firms...
PIMCO bank deal hits regulatory snag (2/17/2012 2:24:03 AM)
NEW YORK (Reuters) - A plan by a PIMCO investment fund to take an ownership stake in a small North Carolina bank has run into a problem with U.S. bank regulators.
Breaking News: Nazis succeeded in fake notes plan (2/17/2012 1:48:53 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
UK & World News: Nazis succeeded in fake notes plan (2/17/2012 1:28:30 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Nazis succeeded in fake notes plan (2/17/2012 1:25:43 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Nazis succeeded in fake notes plan (2/17/2012 1:09:30 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Nazis succeeded in fake notes plan (2/17/2012 1:09:30 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Breaking news: Nazis succeeded in fake notes plan (2/17/2012 1:09:30 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Breaking News: Nazis succeeded in fake notes plan (2/17/2012 12:49:08 AM)
Nazi forgers succeeded in flooding Europe with fake British bank notes, "destroying" confidence in the UK currency, according to secret MI5 files.
Jack Warner controlled Haiti aid funds bank account allegedly (2/16/2012 3:26:24 PM)
Donated aid funds were paid into a bank account controlled by former FIFA vice-president Jack Warner, the Trinidad and Tobago Football Federation (TTFF) insisted on Thursday.
Barclays says new mobile app is credit card-style watershed (2/16/2012 3:07:20 PM)
Barclays will today launch a new mobile payments service, which it claims could mark as a significant watershed in the way people bank as the advent of the credit card.
Barclays says new mobile app is credit card-style watershed (2/16/2012 3:07:20 PM)
Barclays will today launch a new mobile payments service, which it claims could mark as a significant watershed in the way people bank as the advent of the credit card.
Eurozone growth forecasts cut in ECB survey (2/16/2012 3:07:20 PM)
Professional forecasters surveyed by the European Central Bank have slashed their eurozone growth forecasts for this year and next, the ECB said.
Interest rates outlook: Cheap mortgages to stay for five years but misery for savers until 2014 (2/16/2012 1:25:54 PM)
Optimism over mortgages rose last night following the Bank of England's latest economic forecast, despite the low rates spelling gloom for savers.
Cheap home loans to stay for five years (although low interest rates until 2014 will mean misery for savers) (2/16/2012 1:25:54 PM)
Optimism over mortgages rose last night following the Bank of England's latest economic forecast, despite the low rates spelling gloom for savers.
Police release CCTV images of fake bomb bank robbery suspect (2/16/2012 1:08:14 PM)
POLICE have re-launched an appeal for information following a bank robbery in Peterborough in which a man told staff that he was carrying a bomb on Saturday, 4 February.
News: UK likely to avoid recession and see ‘zig zag’ pattern of growth, says Bank of England (2/16/2012 11:27:52 AM)
THE UK is likely to avoid recession as recent industry surveys have pointed towards renewed economic growth, the Bank of England said yesterday.
Conwy County News: Llanfairfechan HSBC to close down (2/16/2012 10:28:11 AM)
A TOWN’S only bank will close later this year amid claims it is one of the least used branches in the region.
SocGen profits hit by toxic assets, Greece (2/16/2012 9:44:28 AM)
PARIS (Reuters) - Societe Generale , France's second-biggest listed bank, said on Thursday quarterly profit slumped by a worse-than-expected 88.6 percent, hit by toxic assets at its investment bank and further write-downs on its Greek sovereign debt.
VIDEO: Transferring your money by mobile (2/16/2012 9:44:28 AM)
A high street bank has launched a service that allows you to transfer money simply by using a mobile phone.
Mukhtar Ablyazov to hear on prison sentence in £3bn fraud case (2/16/2012 7:10:22 AM)
Mukhtar Ablyazov, the former chairman of BTA Bank who is currently fighting lawsuits totalling £3bn, faces imprisonment on Thursay if he is found to be in contempt of court.