EU watchdogs are preparing to impose multi-million euro fines on six banks, including Royal Bank of Scotland and HSBC, where traders are suspected of having tried to manipulate Euribor interest rates.
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Thursday 15 November 2012
Outlook Another day, another price-fixing scandal, this time in the energy markets. But it's far from clear, at least from what we know so far, that this one matters very much. The price-rigging alleged by the whistleblower Seth Freedman actually involved sending prices down rather than up.
Friday 09 November 2012
The new Archbishop of Canterbury will continue to apply the expertise he has acquired from his two careers to the overhaul of banking standards, it was confirmed today.
Saturday 03 November 2012
Bankrupt Irish businessman Sean Quinn, once the country's richest man, was sentenced Friday to nine weeks in jail by a Dublin court.
Saturday 13 October 2012
America's scandal-racked JP Morgan Chase smashed Wall Street's forecasts yesterday with the help of a revival in so-called simple banking.
Tuesday 21 August 2012
London received a major boost to its status as a global financial centre yesterday as the world's largest futures exchange, CME, revealed it has applied to run a new European derivatives market there.
Thursday 16 August 2012
Herbal remedies and massage oils containing ground tiger claws, poisonous plants and cow urine have been seized by border officials at a UK port.
Thursday 19 July 2012
International central banks to tackle issue at Basel meeting
Tuesday 26 June 2012
The European Union's securities watchdog has published draft rules to meet a December global deadline for making the derivatives market safer and more transparent.
Wednesday 13 June 2012
JPMorgan Chase was trying to prepare for new international regulations designed to make the financial system safer when it put on the disastrous hedging strategy that has cost it $2bn and counting.
Tuesday 12 June 2012
Saturday 02 June 2012
US Outlook It is time to mothball the closing bell of the New York Stock Exchange. That ring-a-ling-a-ding might be iconic of American capitalism, but the opening hours of US exchanges are starting to look anachronistic in an age of 24-hour connectivity.
- 1 French café starts charging extra to rude customers
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
- 4 Physicists discover 'clearest evidence yet' that the Universe is a hologram
- 5 Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white