The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed.
Eight of America's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside for risk- weighted assets, according to a source familiar with the situation.
Murder in mind ?
UBS, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
State Street have said the U.S. Securities and Exchange Commission and U.S. Attorney’s offices are conducting separate investigations into claims that it overcharged clients in the U.K.
Shares in HSBC fell over 5 percent on Monday as pretax profit disappointed for full-year 2013, coming in at $22.6 billion.
The Securities and Exchange Commission has announced charges against Credit Suisse Group for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.
A void is appearing in the upper reaches of the world's biggest and most powerful financial market as banks struggle to replace currency traders suspended or fired during a global investigation into allegations of foreign exchange rate-rigging.
The Securities and Exchange Commission has announced an emergency action against a New York City-based investment banker charged with insider trading for nearly $1m in illicit profits.
A New York City man claiming to be an experienced hedge fund manager was convicted Friday for stealing over $800,000 from at least 17 investors, according to a statement from New York Attorney General Eric Schneiderman.
Anil Prasad, the former global head of foreign exchange and local markets at Citigroup, and his business partner Farhang Mehregani will start operating their own hedge fund in January after clearing regulatory hurdles in the U.K.
Bank of Montreal has promoted investment banker Susan Wolford to lead its combined technology, business services and media investment banking team in North America, according to a bank memo.