The New York Times reports that ABN Amro Bank (now a part of Royal Bank of Scotland Group) has agreed to pay $500m for violating the US Bank Secrecy Act.
So much for a mass protest by Syracuse University graduates Sunday.
Here's the press release:
Goldman Sachs officially opened its 43-story building in the Battery Park region of New York City in January this year.
Here's a collection of interesting quotes from people making the news.
The Herald Sun reports that up to 14 former staff over at Australia and New Zealand Banking Group (ANZ) are under investigation for involvement in a narcotics syndicate which was allegedly based in the bank's debt-collection department.
The Sunday Times reports that London-based bankers are preparing for further attempts to rein in bonuses when the UK government releases details of its emergency budget next month.
The New York Times 'Deal Book' column reports that Rochdale Securities analyst Richard Bove has downgraded both Credit Suisse and UBS from a 'buy' to 'neutral', citing the 'deteriorating situation in Europe's financial community'.
It all kicked off in an Italian live TV show last week, when one of the guests accused Rothschild Managing Director Chicco Testa of hypocrisy in connection with his stance on nuclear power.
Confusion, confusion. There's still no definitive news on what was behind the 1,000 point move in the Dow during a 20 minute period on May 6th.