A former energy trader at a Connecticut hedge fund that collapsed in 2006 after losing $6.6 billion on natural gas has agreed to pay $750,000 to settle a regulator’s lawsuit.
Credit Suisse is under fire from U.S. regulators over concerns the bank isn’t heeding warnings to stop making loans regulators see as risky, according to a person familiar with the matter.
Morgan Stanley was fined $280,000 for ignoring 'numerous red flags' in opening an account tied to a multimillion-dollar Ponzi scheme, a U.S. regulator said.
JPMorgan Chase CEO Jamie Dimon has pledged billions of dollars to improve compliance and cybersecurity. That’s not stopping regulators from treating the bank as if it were riskier than ever.
The government has rebutted accusations that a vast free trade deal being negotiated between the EU and the US will act as a cover to privatise the NHS while also watering down food standards and banking regulations.
Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
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.
Computing multinational Hewlett-Packard (HP) is to pay US regulators $108m to settle a corruption scandal involving employees at subsidiaries in three countries, who were charged with bribing government officials to win and retain lucrative public contracts.
The number of suspicious trades reported to the City regulator has rocketed in the last year, according to official figures.
JP Morgan reached a $5.1bn (£3.2bn) settlement with the US mortgage company regulator on Friday as the bank continues to negotiate with the justice department over what is expected to be an even larger fine related to bond sales.