Two managing directors were among five employees Deutsche Bank suspended in Frankfurt last week over suspected manipulation of interest rates, according to two people with knowledge of the matter.
Trouble-hit Barclays has admitted making an embarrassing gaffe over the reporting of a lifeline investment in the bank that saved it from seeking a government bailout during the financial crisis of 2008.
Royal Bank of Scotland has yet to decide whether the £390m fine for rigging Libor should have an impact on any bonuses for Stephen Hester for this year amid renewed focus on the chief executive's pay.
Barclays CEO Antony Jenkins’s pledges to shred the legacy of his predecessor and fix the lender’s culture are distracting from the difficulty he has in reviving profit at Britain’s biggest investment bank.
Cantor Fitzgerald Europe, has announced the acquisition of certain assets and businesses of Seymour Pierce Limited, a small cap/mid-market investment bank.
The new chief executive of Barclays is to close the bank's controversial tax avoidance unit in a bid to repair its battered reputation, although he still risks inflaming the row over City pay by paying out up to £2bn in bonuses.
The promise of unlimited bond buying by the European Central Bank and a major rally in bank stocks and bonds weren't enough to stave off a crisis for Italian bank Monte dei Paschi di Siena and the Dutch lender SNS Reaal in recent weeks.
Interdealer brokers, the middlemen who line up buyers and sellers of securities for banks, are emerging as key enablers in the Libor scandal after three firms paid a total of $2.6 billion for rigging global interest rates.
There's something missing in the Libor settlements that the Royal Bank of Scotland reached last week with authorities in the U.S. and U.K. It's an omission that could impair investors' chances of recovering money lost due to banks' misbehavior.
Global IPO Activity Triples 2012 Levels