BlackRock, Barclays, Deutsche, Goldman, SocGen, Madoff

BlackRock Logo

Asset manager BlackRock has a stake of just over 5% of French bank Societe Generale, French market regulator AMF said on Friday.

Reuters reports that the disclosure was made after BlackRock's holding - acquired on and off the market - rose above the 5% threshold at which such disclosures are mandatory.

In the meantime, Bloomberg reports that Jeremy Norris, Barclays’ head of equity sales trading in Asia, will leave the bank later this year, two people with knowledge of the matter said.

Norris, based in Hong Kong, will leave after a transition period, the people said, asking not to be identified as the information is private. He is retiring from the industry and his pending departure isn’t part of recent job cuts at Barclays in the region, they said.

And Reuters reports that German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.

Bloomberg also reports that Goldman Sachs is seeking to sell a $1bn stake in Industrial & Commercial Bank of China Ltd after the world’s biggest lender by market value rebounded almost 50% from last year’s low.

Finally, The New York Post reports that Frank DiPascali Jr., who pleaded guilty to helping Bernard Madoff carry out the biggest Ponzi scheme ever, told FBI agents that employees asked him if the business was a “scam” before the world learned the truth.

'DiPascali lied and told them the stocks were being held in the books as a liability', the agents wrote.

BlackRock has 5 percent stake in SocGen: French market regulator

Barclays Asia Sales Trading Head Norris Said to Plan Departure

BaFin probes lenders Deutsche Bank over Euribor - paper

Goldman Sachs to Raise $1 Billion Selling Stake in ICBC

Madoff geeks sensed scam

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News