Allison Swinbank

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Facebook "Most Used Words" App as Privacy Lesson

If you have an account on Facebook, you may have noticed posts featuring a nicely designed cloud comprised of the words your Facebook friends use most often. It's powered by an app from a company called Vonvon, and it's been getting a lot of attention this week from consumer privacy experts.<p>The …

Barclays fined £72m for poor oversight on financial crime

The Financial Conduct Authority says the British bank cut corners on financial crime checks and did not properly monitor a £1.9bn transaction carried out on behalf "politically exposed" ultra-rich clients<p>Barclays has been hit by a £72m fine for failing to properly carry out anti-money laundering …

Investing

THE SUPER-ELEPHANT: Inside Barclays' disastrous 'deal of the century' which cost it £72 million

Alongside the fine, the FCA released a damning document setting out just what the case involved.<p>The case, dating from the Bob Diamond era, involved creating a complex, £1.88 billion ($2.84 billion) fund structure that would pay out regularly to a group of politically connected individuals over many …

Network Rail misses punctuality target as profits fall

Railway operator Network Rail has narrowly missed its own punctuality target as more than one in 10 trains arrived late.<p>The owner of Britain’s railway track admitted that “train performance has not been as good as we want” after it undershot a target that 90% of trains should be on time in the six …

Network Rail

Amazon’s New Bookstore Flips The Script

Tien Tzuo Contributor<p>Tien Tzuo is the CEO of Zuora.<p>More posts by this contributor:<p>Why newspaper subscriptions are on the rise<br>• Large CPGs are under attack by startups… and consumers are winning<p>Amazon’s new bookstore in Seattle has been getting a lot of questions and criticism — but only from people …

Barclays fined £72m over 'elephant deal'

An “elephant deal” executed three years ago has cost Barclays £72m in penalties after the City regulator concluded that the bank ran the risk of being used to launder money or finance terrorism.<p>To be classified internally as an “elephant”, a deal has to be worth £20m or more. This one was worth …

Investing