07/16/2012

FSA Boos: Barclays' gaming culture

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

HSBC faces probe on money laundering claims

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

07/15/2012

German bank under fire in Florida and at home

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

Committee to grill regulator, Barclays executive

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

Ulster Bank seeks regulation from UK

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

07/12/2012

Libor scandal ripples across the Atlantic

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.

07/11/2012

German prosecutors investigate Morgan Stanley banker

Notheis, 44, who ran Morgan Stanley's operations in Germany and Austria for more than three years, was granted leave of absence by the bank last month following an uproar over emails he reportedly exchanged with Mappus.

07/11/2012

UBS In Bordeaux Said To Have Been Raided In French Tax Probe

The charges were the first brought in the probe, which was opened in April after a preliminary inquiry by the French customs service into a February 2011 complaint by the Prudential Control Authority, France’s banking regulator.