UniCredit unit offices raided in probe

The raids, at the behest of Frankfurt prosecutors, were carried out by 60 police, tax inspectors and federal criminal investigators. Eight people were being investigated on suspicion of deliberate tax evasion.


'Double strike’ fear for RBS over Libor fines

The Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the Financial Services Authority and one from the US regulators on separate days.


FSA fines UBS over trading scandal

The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.