07/17/2012
These rules relate to those organisations responsible for the provision of nominee services to retail investors investing in authorised funds, and demand the timely distribution of certain mutual fund information and notification of voting events to all u
07/17/2012
The FSA had already completed a review with Britain's four biggest banks - Barclays, HSBC, Lloyds and Royal Bank of Scotland - after they admitted in June to inappropriate sales of interest-rate hedges to businesses.
07/17/2012
UBS is “fully cooperating with the French authorities,” according to an e-mailed statement by the Zurich-based bank.
07/16/2012
Andrew Bailey, head of the Prudential Business Unit at the Financial Services Authority (FSA), added that Mr Diamond's account of his and the bank's relationship with regulators was "highly selective".
07/16/2012
Only overtime hours from Aug. 1 will be affected, the newspaper said.
07/16/2012
The multiyear probe into HSBC by the Senate permanent subcommittee on investigations is expected to reveal activities similar to those that led Wachovia Bank to reach a $160m agreement with the Department of Justice in 2010 to settle allegations that it l
07/16/2012
The City partner, who led Clifford Chance’s shipping finance practice for the past five years, focuses on structured finance, leasing and restructuring within the shipping and offshore sectors as well as other asset classes.
07/15/2012
Governor Mervyn King’s failure then to take greater responsibility for Libor now poses a new threat to London’s drive to rival New York in the battle for a larger share of a shrinking international financial industry.
07/15/2012
They said Deutsche Bank has applied to cooperate with authorities in their investigation under the leniency programmes of the European Union and in Switzerland, but that it did not mean the bank was admitting any guilt.
07/15/2012
Deutsche Bank was a heavyweight financial player during the American mortgage meltdown and its aftermath: empty and neglected properties that blight local neighborhoods.
07/15/2012
Del Missier is said by Barclays to have misinterpreted a message from Diamond and told the bank's staff that the Bank of England had sanctioned them submitting lower rates to massage down the London Interbank Offered Rate, or Libor, the rate that und
07/15/2012
The move, if it goes ahead, is understood to be motivated by new European Union bank solvency regulations, due to come into effect next year, which will oblige the funding of Ulster Bank by its British parent Royal Bank of Scotland (RBS) to be capital-bac
07/15/2012
It can be assumed that these customers avoided paying large amounts of tax, the paper said.
07/15/2012
Britain's banking industry is facing fresh questions over the way it operates with new figures showing a major rise in the number of people paying ever increasing fees for their bank accounts.
07/15/2012
The Financial Times Deutschland reports that officials in the western state of North Rhine-Westphalia paid 3.5 million for a CD containing the names of some 1,000 rich German clients.
07/15/2012
Avon and Somerset police have charged four people with money laundering offences in relation to suspicious transactions at Rowan Dartington.
07/15/2012
Lord Turner, head of the Financial Services Authority, is today expected to be criticised by MPs for being slow to react to Libor abuses which American regulators picked up nearly five years ago.
07/12/2012
More than a dozen current and former employees of several large banks under investigation have hired defence lawyers over the past year, but Levander's role is one of the most high-profile.
07/12/2012
Last year Credit Suisse paid €150 million ($183.83 million) to German tax authorities to settle an inquiry over allegations the bank and its employees helped Germans dodge tax.
07/12/2012
Both have been called to testify before the Senate Banking Committee on the scandal surrounding Libor, a measure of the cost of money that is used as the basis for more than £200 trillion in loans.