Dutch lender Rabobank has fired four employees between 2008 and last year over the manipulation of interbank lending rates, a scandal which has now engulfed a dozen or more major banks around the world, a Dutch newspaper reported on Friday.
by Cora Currier, ProPublica.
By Neil Barofsky
The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging. Meanwhile, U.K. prosecutors haven’t even decided whether they have a case.
By CNBC Staff Writer Catherine Boyle
Wells Fargo plans to increase its workforce in Asia by at least 10 percent over the next three years as rivals slow their expansion in the region.
Barclays finance director Chris Lucas is under investigation by the Financial Services Authority in relation to funds raised in 2008, the embattled bank has revealed .
One of the City's biggest fund managers, Fidelity Worldwide Investment, has written to 450 major companies in the UK and Europe to call for a radical overhaul of pay polices, including requiring directors to hold shares for the duration of their careers.
Strongest Week for Energy M&A since Oct'11
The London Regatta Centre, Royal Docks - 6th September, 6pm.
Malaysia Airlines is “technically bankrupt” but can re-emerge as south-east Asia’s leading airline after shedding thousands of staff, says its new chief executive.
The keyboard of bond legend Bill Gross’s Bloomberg terminal will soon be a piece of history.
Philippe Noirot will succeed Joris Dierckx, who will move internally to new senior position in Asia Pacific region, according to BNP statement.