The Financial Services Authority (FSA) has fined The Royal Bank of Scotland plc (RBS) £87.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR).
Hedge fund SAC Capital, still fighting distractions on multiple fronts, churned out a modestly positive January with returns of about 2.5 percent, say two people familiar with the matter.
For the Department of Justice's basic theory of the case to make sense you have to believe that the investment banks creating collateralized debt obligations wanted high ratings at any costs-even if the ratings were highly inaccurate.
By Hiroshi Mikitani
Would you make the cut ?
Morgan Stanley, once the preferred takeover adviser of Dell Inc., missed out on a role on the biggest technology buyout since the financial crisis, depriving the firm of a share of more than $100m in fees.
Royal Bank of Scotland has warned the stock market it faces 'significant penalties' and other sanctions from regulators in the UK and the US for its role in rigging Libor.
Barclays had an 'aggressive' and 'self-serving' culture under its former boss, the new chief executive has told MPs.
The chairman of Lloyds Banking Group, Sir Winfried Bischoff, has said that employees' bonuses this year will be the 'lowest undoubtedly of any bank'.
The chief executive of Royal Bank of Scotland has promised that "wrongdoers" involved in the Libor-rigging scandal would be punished as the bailed-out bank braced for a fine of up to £500m.