Deutsche Bank’s two chief executives faced down a storm of shareholder criticism on Thursday by conceding that their performance had fallen short and asking the bank’s owners for continued backing as they cut costs and reshape strategy.
Barclays pleaded guilty to a U.S. criminal charge and was fined $2.4bn by U.S. and British authorities on Wednesday for manipulating foreign exchange rates.
Royal Bank of Scotland said it would take into account the $669m paid in fines to U.S. authorities following misconduct in its foreign exchange business when making future pay decisions for its staff.
UBS won immunity from criminal fraud charges in a Justice Department investigation into misconduct in the trading of precious metals.
The ultimate city running race, the Bloomberg Square Mile Relay, will return to London on Thursday 17th September 2015 as runners from the London’s biggest organisations swap their suits for tracksuits and take up their batons for the world’s most unique relay event.
Punishments leveled on international banks involved in foreign exchange rate manipulation "won't change anything," an attorney said.
Each day, £3.5tn changes hands in the foreign exchange markets.
Five major banks, including Barclays and Royal Bank of Scotland, have been fined a record $5.7bn (£3.7bn) for rigging foreign exchange markets in the latest scandal to engulf the banking industry.
Another day, another big fine.
'Thank you' - 600 times.
The Securities and Exchange Commission has announced that Morgan Stanley Smith Barne has agreed to pay a $1m penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online.
Top US investment banks have signaled a rebound in revenue growth in the second quarter from a year ago, potentially bringing relief to the industry after four quarters of year-on-year declines.
Zubin Ramdarshan, who joined Cantor Fitzgerald in April to help lead the firm’s exchange-traded funds business in Europe, said he left to work with an “old friend.”