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RBS Glitch Needs Full Investigation, says Mervyn King

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Sir Mervyn King, governor of the Bank of England, called for a full review into what caused the computer meltdown at Royal Bank of Scotland, as the bailed-out bank admitted a "few specific sets of transactions" continue to be trapped in its computer system.

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Gavel

Ex-Goldman programmer gets a break

A Manhattan judge on Tuesday denied a move by Manhattan District Attorney Cy Vance to use an expert witness against former Goldman Sachs computer programmer Sergey Aleynikov.

London

BNY Mellon fined £126m

The Financial Conduct Authority (FCA) has fined The Bank of New York Mellon London Branch (BNYMLB) and The Bank of New York Mellon International Limited (BNYMIL) (together ‘the Firms’) £126m for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which applies to safe custody assets and to client money.