Nomura’s appointment of domestic brokerage head Koji Nagai as the new chief signals a retrenchment into its home market as Japan’s biggest investment bank reels from an insider-trading scandal and losses abroad.
Dutch lender Rabobank has fired four employees between 2008 and last year over the manipulation of interbank lending rates, a scandal which has now engulfed a dozen or more major banks around the world, a Dutch newspaper reported on Friday.
by Cora Currier, ProPublica.
By Neil Barofsky
The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging. Meanwhile, U.K. prosecutors haven’t even decided whether they have a case.
By CNBC Staff Writer Catherine Boyle
Wells Fargo plans to increase its workforce in Asia by at least 10 percent over the next three years as rivals slow their expansion in the region.
Barclays finance director Chris Lucas is under investigation by the Financial Services Authority in relation to funds raised in 2008, the embattled bank has revealed .
One of the City's biggest fund managers, Fidelity Worldwide Investment, has written to 450 major companies in the UK and Europe to call for a radical overhaul of pay polices, including requiring directors to hold shares for the duration of their careers.
Strongest Week for Energy M&A since Oct'11
Lewis Hamilton has been named as the richest sportsman in Britain with a fortune of £88m, an increase of £20m on the previous year.
Britain’s billionaires have seen their net worth more than double since the recession, with the richest 1,000 families now controlling a total of £547bn.
Deutsche Bank said on Friday it would cut back its investment bank and split off its Postbank retail business, as it revealed the outlines of a strategy overhaul.