The Labour MP John Mann, an outspoken member of the Treasury select committee, has called for a government inquiry into money laundering, and outlined fears that US regulators have British banks in their sights as they try to shift business from London to New York.
There's a lesson here somewhere.
Citigroup may take a charge of almost $6bn this quarter as it writes down the value of the Morgan Stanley Smith Barney venture, said Jason Goldberg, a Barclays Plc analyst.
The US justice department is looking into allegations that Standard Chartered illegally moved $250bn of Iranian money around the global financial system, according to a source close to the investigation.
BNY Mellon Capital Markets has announced significant expansions of its Treasuries and Mortgage-Backed Securities trading desks with the appointment of Dan Mulholland as head of U.S. Treasury trading and the recruitment of an eight-person team of experienced MBS professionals from Ally Securities.
A bit of a bad smell.
Shares in Standard Chartered have bounced back by 6% this morning as the bank fighting accusations of money laundering recovered slightly from one of its worst ever one-day falls.
When Adam Applegarth was forced out of a sinking Northern Rock in December 2007, it was amid the kind of numbers that tend to dance in front of your eyes. In the five years running up to the bank's spectacular crash he had been paid around £10m. During the 18 months immediately before he cashed in shares worth £2.6m.
Which is it ?
And not too many firms can say that during these difficult times.
'The fusion would create a top player'.
Tesco is to lose two more non-executive directors, including the head of the retailer’s audit committee, Ken Hanna, in the latest move in the board overhaul that began after last year’s £263m accounting scandal.
Uploading your brain to a computer is closer to becoming a reality.