03/25/2013
The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks involved with submitting false reference rates for various markets to benefit trading books.
03/25/2013
This Review sets out significant changes to regulatory requirements and authorisation processes which, taken together, will reduce some of the regulatory barriers to entry into the banking sector and, as a result, enable an increased competitive challenge
03/24/2013
These are quite big cases by any measurement, they're my biggest cases so far
03/24/2013
“What it’ll end up with is the world’s biggest private client firm."
03/24/2013
Recent government investigation led to "unexpected" findings that just 8pcof member-firms of the Filipino-Chinese Chambers of Commerce paid taxes
03/24/2013
The Swiss government's comments, however, left the door open to an alternative to an industry-wide settlement.
03/24/2013
To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.
03/24/2013
The creation of new banks to challenge the "big four" of RBS, Lloyds Banking Group, HSBC and Barclays
03/24/2013
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter
03/20/2013
Swiss banks face US Libor lawsuit
The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion
03/20/2013
FSA announces stockbroker placed in administration regime
The firm’s placement into the regime marks the fourth time the SAR has been initiated by the FSA.
03/20/2013
“Now we’re at the top. But in this global race, we cannot keep still,”
03/20/2013
Troyan died on 8 March at his flat in Mount Street, Mayfair, central London.
03/20/2013
Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.
03/19/2013
Rothschild Loses Daily Mail Libel Suit Appeal in London
Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.
03/19/2013
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
03/19/2013
His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.
03/19/2013
The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.
03/18/2013
HSBC Faces New Money Laundering Claims
"There was decisive participation" of HSBC executives in hiding financial information from the authorities.
03/18/2013
The Reserve Bank of India has widened its probe of Axis Bank, ICICI Bank and HDFC to include wealth management and sale of gold coins of all active banks, a move that may lead to stricter guidelines on these activities if any loopholes are found.