Barclays is poised to be hit with its second fine by British regulators over failures to segregate client assets properly, a setback to Antony Jenkins’s efforts to put the lender’s legal woes behind him, two people with knowledge of the matter said.
Banks including JPMorgan Chase, Citigroup and Morgan Stanley have been notified regulators are preparing enforcement actions on currency rigging, people familiar with the investigation said.
The chairman of HSBC is calling on the government to temporarily delay new rules intended to make the banking industry less vulnerable to crisis.
Royal Bank of Scotland has warned that the ongoing investigation into potential manipulation of the foreign exchange markets could hit profits.
Google’s next tangle with European regulators is likely to focus on the deals it strikes with smartphone and tablet manufacturers using its Android software.
The bosses of leading City firms are to be made more accountable for their actions under proposals that could make them wait up to seven years for their bonuses and potentially be jailed if their banks fail.
Lloyds Banking Group has suspended seven employees after it was hit with a £226m bill from regulators on both sides of the Atlantic for rigging crucial interest rates.
The Libor-rigging scandal took a new twist on Monday when Lloyds Banking Group faced accusations of unlawful behaviour after being ordered pay compensation to the Bank of England for manipulating the fees it paid for emergency funding during the height of the banking crisis.
HSBC, Deutsche Bank and the Bank of Nova Scotia have been accused of attempting to rig the price of silver in the latest price fixing scandal to rock the banking industry.
Lloyds Banking Group is close to reaching a settlement with regulators over how much it should pay out for its role in the Libor-rigging scandal, the bailed-out bank has confirmed for the first time.