07/23/2012
Libor scandal: Veteran lawyer to lead Barclays review
A lawyer turned investment banker is to lead a far-reaching review into the culture at Barclays in the wake of the Libor rigging scandal that has rocked the bank.
07/22/2012
WPP, the world’s biggest advertising group, has already committed to moving its company headquarters back to London from Dublin, and a slew of others are expected to follow suit.
07/22/2012
Another Swiss bank to drop US clients amid tax row
Coop, another retail bank, announced it had stopped doing business with its US clients.
07/22/2012
Michael Poret has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.
07/22/2012
He has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.
07/22/2012
Simons was skeptical of enormity.
07/22/2012
Critics including Thomas Hoenig, a Federal Deposit Insurance Corp. board member, say the biggest firms are too complicated to manage.
07/22/2012
The FDF states that Switzerland's representative accepted this amendment on behalf of the Federal Council.
07/19/2012
The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.
07/19/2012
The Swiss Financial Market Supervisory Authority said it has “serious doubts” about the extraterritorial effects of registration required under the Dodd-Frank Act in a letter dated July 5 and received by the CFTC on July 16.
07/19/2012
Dubbed the “King of Tokyo” by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as a patron of contemporary art.
07/19/2012
Calls to Zrihen, who joined Lombard Odier in December 2010 as a member of the fixed income portfolio management team, were not picked up.
07/19/2012
Richard Heis, the joint special administrator of MF Global UK, said: '[The] court hearing represents an important milestone in returning some £54 million of agreed client assets.'
07/19/2012
The prosecutor late Wednesday asked a Milan court to fine the banks 1.5 million euros each and asked they return their 72.5 million euros of illicit profit from the contracts.
07/19/2012
The current situation is only temporary, according to the Swiss minister
07/18/2012
UBS is “fully cooperating with the French authorities,” according to an e-mailed statement by the Zurich-based bank.
07/18/2012
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
07/18/2012
Kristin Lemkau, a JPMorgan spokeswoman, said that Goldman asked to leave the company and that during his tenure he "behaved with integrity and we wish him well."
07/17/2012
Elizabeth Butler objected today to a recommendation that the proceeds of joint accounts go to the government to satisfy a $5 million fine and $250,000 forfeiture order.
07/17/2012
A top executive at the bank sensationally quit yesterday in front of a US Senate hearing that exposed the scale of the scandal.