LATEST

C Suisse said to face another tax probe

Tax Return

When Credit Suisse pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the bank neglected to tell them about $200m in undeclared assets owned by an American client, according to people familiar with the matter.

Forex manipulation: How it worked

Pointing The Finger

The investigation into alleged manipulation of the foreign exchange market now takes in most of the world's biggest banks, regulators in three continents, potentially hundreds of traders - and now the U.K's central bank.

Banks brace for billion-dollar forex probe

A Billion Dollars

Already hammered by their role in the 2008 financial crisis and the rigging of the key bank rate LIBOR, the global banking sector looks set to take another battering to its reputation as investigations start into the fixing of foreign exchange.

RBS reviewing FX trading policy

RBS building

Royal Bank of Scotland (RBS) is reviewing how it trades in the minutes before key foreign exchange benchmarks are set amid a regulatory probe into possible manipulation of the $5.3tril-a-day market.

Lloyd's probe under investigation in New York

Pile Of Coins

A New York regulatory investigation of Lloyd’s for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter said.

Swiss & UK Securities Regulators Launch UBS Probe

Magnifying Glass

The Swiss Financial Market Supervisory Authority (FINMA) and the UK Financial Services Authority (FSA) are launching a comprehensive independent investigation into the events surrounding the trading losses incurred by UBS AG in its London operations.

HOT LIST

FEATURED

Tax Return

C Suisse said to face another tax probe

When Credit Suisse pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the bank neglected to tell them about $200m in undeclared assets owned by an American client, according to people familiar with the matter.