Standard Chartered will pay more than $300m (£187m) to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan.
It was probably the world’s most expensive lunch. When Fahim Imam-Sadeque, an investment manager, invited out a colleague it ended up costing him £1.7 million.
UBS AG is expected to face a fine as early as this week that may surpass the record 290 million pounds ($466.6 million) Barclays Plc, the U.K.’s second-biggest bank, paid in June to settle claims it attempted to manipulate Libor.
Financial regulators are looking at radical changes to the way they approve senior people after it emerged that Lord Stevenson, former chairman of collapsed bank HBOS, stepped down last month from a senior role at an investment firm which had connections
Emphasizing that no further concessions are conceivable, Widmer-Schlumpf stressed that Germany and Switzerland have already negotiated a "good and fair treaty,"
This is the latest honor for the legal boutique firm, which was also recently awarded the 2012 Corporate Intl Magazine Global Award for the “Cross Border Law, Firm of the Year” in Florida.