Royal Bank of Scotland is said to be fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.
Germany's markets regulator has launched a special probe into Deutsche Bank over suspected manipulation of interbank lending rates, joining authorities around the globe investigating the world's largest banks, two people familiar with the matter told Reuters on Friday.
JPMorgan Chase, Goldman Sachs and BlackRock have closed European money market funds to new investments after the European Central Bank lowered deposit rates to zero.
Former Conservative party treasurer Michael Spencer could become the next target of the shareholder spring next week after a leading investor body issued a warning about the pay policies of the Icap broking business he founded and runs.
Look who's been crying now.
JPMorgan Chase has been ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.
He is a softly spoken Englishman in his mid-30s. We meet in Canary Wharf near the office of the Financial Services Authority (FSA), where he's working as a supervisor.
Barclays is said to be preparing for a showdown with former CEO Bob Diamond over his potential £25m pay-off
Criminal charges could be brought against traders implicated in the interest rate rigging scandal after the Serious Fraud Office announced on Friday that it had begun a formal investigation into attempts to fix Libor.
A junior regulator at the Financial Services Authority wrote in and volunteered to meet. British, and in his late 20s, he comes across as focused and at ease with himself. He orders beer.
The former head of investment banking at UBS personally approved a $2.5m (£1.6m) bonus for the man described as the “ringmaster” of the Libor fraud scandal, a jury heard Thursday.
Dick Fuld, the chief executive who led Lehman Brothers to the largest corporate collapse in modern times, has defended the failed investment bank’s culture, insisting that it was a victim of wider market excesses and regulatory failings in his first public speech since the banking crash of 2008.
Barclays is considering replacing its corporate brokers Credit Suisse and Deutsche Bank as new Chairman John McFarlane starts to review the lender, according to a person with knowledge of the matter.