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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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.
Monday 14 May 2012
Jamie Dimon blames bank's $2bn trading scandal on badly monitored strategy
Monday 14 May 2012
The boss at the centre of the City's latest trading scandal admitted yesterday he was "dead wrong" to dismiss concerns about the bank a month earlier.
Saturday 05 May 2012
At Goldman Gensler was lobbying for precisely the lack of oversight he now seeks to enforce
Saturday 17 March 2012
Banking is not a vocation. No one becomes a trader in order to follow a childhood dream
Thursday 15 March 2012
Goldman Sachs was fighting a new firestorm of public criticism last night, one that threatened to hit it where it hurts most – in its profits. Hours after a London executive published an extraordinary resignation letter in the New York Times, saying its bankers routinely brag about "ripping off" clients, Goldman was in full-scale damage limitation mode, trying to reassure its clients that the portrait of a "toxic" internal culture was a fiction peddled by a disgruntled employee.
Thursday 15 March 2012
Banking giant goes on defensive after director's resignation letter exposes its 'moral bankruptcy'. By Stephen Foley in New York
Wednesday 14 March 2012
A senior executive at Goldman Sachs has attacked a “toxic” and “destructive” environment at the leading investment bank in as resignation letter published in the New York Times.
Tuesday 21 February 2012
Sales of the tablet are set to fall again, say analysts
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