Tags: FCA

The former HBOS heads who are under probe by the FCA and PRA are considering legal action against the City regulations if they try to ban them from the financial industry. This may threaten the litigations against the former bank managers of the collapsed Bank that needed a £20.5bn taxpayer bailout.

Britain's financial watchdog has fined Barclays (BARC.L) 72 million pounds ($109 million) for cutting corners in checking wealthy customers involved in a huge transaction described by one senior manager as potentially the "deal of the century."

Deutsche Bank AG (DBKGn.DE) is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday.