The Terra Firma tycoon Guy Hands has been accused of attempting to run a “shakedown” against Citigroup and its former chief executive, Chuck Prince, in his attempt to recover massive losses from his disastrous acquisition of EMI.
A London prosecutor told jurors they didn’t have to decide whether the banking industry as a whole is guilty of fraud, but just the five former Barclays traders accused of manipulating Libor.
HSBC's sale of its Brazil business took one step closer to reality last night, after the deal was approved by Brazil's competition agency.
Gather your belongings, leave your key cards at reception and exit the building.
One of the most ambitious – and ill fated – private equity deals to take place before the 2007 credit crunch has been recounted in a London courtroom after financier Guy Hands began his £1.5bn claim for fraud from Citigroup over the takeover of EMI.
A London prosecutor urged jurors to hold five former Barclays traders on trial for manipulating Libor to the same standards of honesty as the general public, and not a separate code assigned to the banking industry.
Financial watchdogs from Switzerland and Britain are looking into Credit Suisse's involvement in Mozambique, where heavy undisclosed sovereign borrowing has pushed the country close to default.
The proceeds of a $3 billion bond sale by a troubled Malaysia state wealth fund didn't pass through any Singapore bank, the city-state's central bank said Wednesday.
A former UBS trader is pushing the financial watchdog to reveal the details of its investigation into the bank during the Libor scandal, in a bid to have his ban from the City reversed.
The deliberations are at an early stage.
Uncertainty about the size of the penalty that Deutsche Bank faces from the US authorities for a misselling scandal a decade ago has knocked almost 4% off the share price of Germany’s biggest bank.