Search Results for: Credit Suisse
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Pru’s boss jumps into Swiss role
March 10th, 2015
Prudentail boss Tidjane Thiam is set to leave the FTSE 100 giant later this year to head Swiss banking titan Credit Suisse, it emerged last night. The surprise exit, which would bring the curtain down on a six-year tenure at the ...
NY financial regulator sends subpoenas in forex probes
February 10th, 2015
New York’s financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The state’s ...
Swiss banks try to calm scared shareholders
January 21st, 2015
SWISS financial institutions and firms that trade with them yesterday tried to reassure investors who had been walloped by the soaring franc last week, after the central bank removed the currency’s peg with the euro. The Swiss National Bank ...
Forget Switzerland: These banks will be hit by SNB shock
January 20th, 2015
Switzerland’s shock scrapping of its currency cap could knock Swiss bank earnings by 10-15 percent, but financial firms in nearby central and eastern European countries could be worse affected, Pimco’s head of financial research told CNBC on Tuesday. “I ...
Law Firms Awards
December 29th, 2014
MERGERMARKET EUROPEAN M&A AWARDS 2014 Top investment banks and law firms gathered at the Savoy Hotel in London, to recognise the achievements of Europe’s top dealmakers and reward innovative advisory work on some of the region’s most transformative deals ...
Barclays among 10 banks fined for abusing research to win deals
December 12th, 2014
TEN GLOBAL banks were fined a total of $43.5m (£27.7m) by US regulator Financial Industry Regulatory Authority (FINRA) yesterday for their attempts to misuse analysts’ research to gain lucrative jobs on Toys R Us’ attempted stock market flotation in 2010. Analysts’ research ...
Qatar appoints new chief for sovereign fund
December 4th, 2014
Qatar‘s sovereign wealth fund yesterday appointed a member of the emirate’s royal family to replace its chief executive. The Qatar Investment Authority (QIA), which manages as much as $300bn (£191bn), including significant stakes in Barclays, Credit Suisse, Sainsbury’s and London ...
Suit Accuses Banks of Role in Financing Terror Attacks
November 11th, 2014
The suit accuses banks — including HSBC and Barclays — of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror. Those acts of terrorism occurred a world away ...
UBS to settle over precious metals misconduct allegations as part of forex market rigging probe
November 10th, 2014
UBS are expected to strike a settlement with financial regulators over allegations of misconduct at its precious metals trading business. The settlement will form a part of a £1.5bn agreement the Swiss lender is due to make with five ...
