It's like waking up next to a severed horse's head.
It is just a week since the CEO of Standard Chartered, Peter Sands, insisted that Benjamin Lawsky, of the New York Department of Financial Services, was talking utter rubbish. The bank, said Sands, had not concealed $250bn (£160bn) of US sanction-busting transactions with the Iranian government.
A buying opportunity, or not ?
Standard Chartered shares jumped after the London-based bank fended off threats by a New York regulator to revoke its banking licence for alleged breaches of US sanctions that it is claimed left the financial system vulnerable to corrupt regimes and weapons and drug dealers.
Here's a note of the top 3 positions in all 9 of our recently held 2012 recruitment polls, as voted by candidates and clients.
A New York regulator settled a money laundering probe of Standard Chartered for $340 million a day before the U.K.-based bank was to appear at a hearing to defend its right to continue operating in the state.
Maybe it isn't so surprising. Another banker leaves finance to start a business to better your bedroom. Is this because they finally have time to sleep ?
Benjamin M. Lawsky, New York Superintendent of Financial Services, issued the following statement Tuesday:
The Securities and Exchange Commission today charged Wells Fargo’s brokerage firm and a former vice president for selling investments tied to mortgage-backed securities without fully understanding their complexity or disclosing the risks to investors.
It's Jamie Dimon time.
Bank of America on Monday announced it will allow shareholders to vote on a change in bylaws that gave Brian Moynihan the duel role of CEO and chairman.
Rail giant BNSF Railway was Berkshire Hathaway's biggest purchase ever in 2010 at $34 billion, and is currently the largest entity in its portfolio to date. So is there a lot of pressure to perform when you're reporting to Warren Buffett himself ?
Deutsche Bank has named Dixit Joshi global head of prime finance, replacing Murray Roos, who was hired by Citigroup, according to a person with knowledge of the moves.