Bloomberg reports that the fight over the Volcker rule is shifting in Wall Street’s favor.
Bloomberg reports that, according to U.S. regulators, Wells Fargo has failed to hand over documents demanded in U.S. subpoenas and should now be forced to cooperate with a probe into its sale of almost $60bn in residential mortgage-backed securities.
It ain't looking good.
By David Bermingham
Here's two quick items with a Goldman connection.
Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.
The Financial Services Authority (FSA) has fined Coutts & Company (Coutts) £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls relating to high risk customers, including Politically Exposed Persons (PEPs).
Standard Chartered's eight highest-paid bankers outside the boardroom took home a combined $53m (£33m) in 2011, when the bank reported its ninth year of record profits.
'The 39 Steps' is the hilarious comedy based on the 1935 Hitchcock spy film with four actors playing a minimum of one hundred and '39' roles!
A Russian banker is in a coma after being shot several times as he walked into his London home in the shadow of Canary Wharf.
Greece's last-ditch attempt to get desperately-needed funds from its euro zone neighbors failed on Wednesday, but the country appears eternally optimistic that a list of reforms - as yet to materialize - will unlock vital aid.
The billionaire investor told clients his firm was subpoenaed by prosecutors in New Jersey, according to a letter obtained by CNBC.
We already knew the depth of incompetence displayed by the Financial Conduct Authority during last year’s exit-fee shambles.