07/21/2014
Serious Fraud Office set to launch criminal probe into forex rigging
The SFO is expected to announce a criminal inquiry into traders' alleged manipulation of the £3 trillion-a-day currency markets as early as this week.
07/21/2014
The SFO is expected to announce a criminal inquiry into traders' alleged manipulation of the £3 trillion-a-day currency markets as early as this week.
07/21/2014
The head of Germany's Sparkassen savings banks association fears that the European Central Bank's expansive monetary policy stance could create price bubbles, he told a German paper, without specifying which markets were causing him concern.
07/21/2014
The European Banking Authority has already signalled a crackdown on such “role-based allowances” for senior staff as the watchdog fears they could fall foul of EU limits on bonuses.
07/21/2014
A range of private equity firms and hedge funds have yet to receive authorisation to operate under the European Union’s Alternative Investment Fund Managers Directive despite the fact it comes in to force this week.
07/21/2014
The Competition and Markets Authority is consulting on its provisional decision to launch a formal investigation into UK banks. In other words, the CMA wants to increase competition in banking to better meet the needs of consumers.
07/21/2014
Naomi Campbell’s oligarch ex Vladislav Doronin has dropped Sidley Austin for Herbert Smith Freehills for the latest round of his High Court battle with his business partners.
07/21/2014
Osborne is keen to give people more freedom to tap into the cash they set aside during their working life by scrapping tax penalties imposed on those who want to withdraw their savings in a lump sum.
07/21/2014
New legislation approved by Jersey’s government will help confirm the jurisdiction as a leading, mature and flexible centre for global philanthropic work, according to Jersey Finance.
07/21/2014
The U.S. Securities and Exchange Commission has scored big enforcement successes and delivered millions of dollars in awards to whistleblowers under a programme from the 2010 Dodd-Frank overhaul of Wall Street.
07/21/2014
Italian bank Intesa Sanpaolo expects new Hungarian legislation requiring banks to compensate borrowers for exchange rate spreads applied on foreign currency loans to cost its second-quarter net income around 65 million euros
07/20/2014
Dentons strengthens its Bucharest offering with the appointment of former partner Perry Zizzi, a highly-regarded lawyer in the market.
07/18/2014
The winner will be announced at the STEP Private Client Awards on Sept. 17 at the Hilton Park Lane Hotel in London.
07/18/2014
The companies, which aren’t named in the notice, are Barclays, Deutsche Bank and hedge-fund manager Renaissance Technologies LLC, the people said. Representatives for each of the companies plan to testify at the July 22 hearing, the people said.
07/17/2014
The new requirements build on rules that already require banks to submit data on the number of employees earning more than 1 million euros ($1.4 million).
07/17/2014
The partners of both Speechly Bircham and Charles Russell have today voted overwhelmingly in favour of a merger which will create one of the world’s leading private wealth and business law firms.
07/17/2014
Introductory statement by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at a roundtable discussion organised by the Canon Institute for Global Studies and the EHESS, Tokyo, 15 July 2014.
07/17/2014
The European Central Bank said it will publish the results of its asset review and stress tests of banks late October and will allow two weeks for banks with capital shortfalls to plan remedial measures for the same.
07/16/2014
We are co-operating with those investigations
07/16/2014
Evidence will show the bank’s system for calculating bonuses wasn’t fluid, it was “clear and fixed”
07/16/2014
The Bank of England said on Tuesday that British banks had a "dreadful record" on mis-selling complex interest rate hedging products to small businesses and warned that it would keep a close eye on them.