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FSA Enforcer Taking on City's Chancers

FSA Logo

Tracey McDermott is talking tough. As the new head of enforcement and financial crime at the Financial Services Authority (FSA), the 42-year-old is making clear that when taking on the biggest names in the City there will be no tolerance for those who play fast and loose with the rules.

Goldman Robbed, HSBC Wins

Facebook In Browser

Facebook’s stock plunge has robbed Goldman Sachs and Microsoft of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.

Standard Chartered May Have Unknowingly Scored Own Goal

Goal Busted Net

Standard Chartered, the British bank facing explosive money laundering allegations from New York State's top bank regulator, appears to have been burned by a decision to waive attorney-client privilege, a move that usually helps appease U.S. authorities.

Standard Chartered Nemesis Ain't No Cuddly Toy

Teddy Bear

Little more than a year before he was criticized for breaking ranks with regulators for being the first to accuse Standard Chartered of laundering Iranian money, Benjamin Lawsky, New York’s top banking official, was insisting on his own brand of justice at a charity carnival game.



The Titanic

7 years on from crisis, $150bn in bank fines and penalties

More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.