Search Results for: Royal Bank of Scotland
S.Korea reviewing whether global banks in FX probe affected Korea
June 17th, 2015
South Korea’s anti-trust agency chief said on Wednesday the agency is looking into whether the activities of six global banks that were recently fined nearly $6 billion in a U.S. and European forex probe had affected South Korean companies. ...
EU Bank-Separation Bill Sets $112 Billion Trading Mark
June 16th, 2015
Banks with annual trading activities of more than 100 billion euros ($112 billion) would face added scrutiny from supervisors armed with a tool box of capital rules and separation powers in a draft European Union law. Envoys from the ...
S&P Cuts Ratings on European Banks
June 10th, 2015
Deutsche Bank, RBS, Barclays are among the banks being downgraded Standard & Poor’s Ratings Services cut its credit ratings on several European commercial banks on Tuesday, saying it considers the prospect that the governments would provide extraordinary support to ...
Justice Department Readies New Bank Settlements
June 5th, 2015
Federal and state officials are preparing the next round of billion-dollar mortgage settlements involving U.S. and European banks Up to nine banks are in line for the next round of billion-dollar payments related to soured mortgages as federal and ...
Citi keeps top spot in FX trading as European banks slump: poll
May 27th, 2015
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings. Citigroup kept its ...
EY’s slick tender secures Royal Dutch Shell audit
May 21st, 2015
EY is on the cusp of being crowned new auditors to Royal Dutch Shell should its shareholders anoint them at the fossil fuel giant’s 2016 Annual General Meeting. The announcement secures EY’s growing presence in the sector having already bagged ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
Nomura Is Latest Bank to Stop Clearing Swaps as New Rules Bite
May 14th, 2015
Nomura Holdings Inc. will no longer act as a middleman to allow clients to guarantee their swap trades with a clearinghouse, the latest bank to exit the business as new rules increase risks and costs in the $630 trillion ...
U.S. contacts UK FX trader over Bank of England meeting – source
May 14th, 2015
London The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of ...