A buying opportunity, or not ?
Standard Chartered shares jumped after the London-based bank fended off threats by a New York regulator to revoke its banking licence for alleged breaches of US sanctions that it is claimed left the financial system vulnerable to corrupt regimes and weapons and drug dealers.
Here's a note of the top 3 positions in all 9 of our recently held 2012 recruitment polls, as voted by candidates and clients.
A New York regulator settled a money laundering probe of Standard Chartered for $340 million a day before the U.K.-based bank was to appear at a hearing to defend its right to continue operating in the state.
Maybe it isn't so surprising. Another banker leaves finance to start a business to better your bedroom. Is this because they finally have time to sleep ?
Benjamin M. Lawsky, New York Superintendent of Financial Services, issued the following statement Tuesday:
The Securities and Exchange Commission today charged Wells Fargo’s brokerage firm and a former vice president for selling investments tied to mortgage-backed securities without fully understanding their complexity or disclosing the risks to investors.
It's Jamie Dimon time.
A former Bank of America municipal bond marketer testified that he conspired with four former members of the UBS municipal derivatives group to rig bids and fabricate work on transactions.
Paul Ryan, Mitt Romney's vice-presidential running mate, sold stock in US banks on the same day he attended a confidential meeting where top level officials disclosed the sector was heading for a deep crisis.
Investment bank Jefferies has sued a former client for about $8m in unpaid fees linked to Vodafone Group’s multi-billion-dollar takeover of Spanish cable operator Grupo Corporativo Ono SA.
HSBC is to cut 8,000 jobs in the UK in a move that will see its name and red hexagonal logo disappear from the high street after 15 years.
Stifel Financial have announced that it has entered into a definitive purchase agreement to acquire Barclays’ Wealth and Investment Management, Americas franchise in the U.S. (“Barclays Wealth Americas”).