New York’s banking regulator is pressing to put monitors in place at Deutsche Bank and Barclays as part of an investigation into whether traders manipulated benchmark currency rates, a person briefed on the matter said.
Australia's markets regulator on Monday said it had censured the Royal Bank of Scotland after an investigation found that RBS traders had sought to influence the setting of the country's benchmark inter-bank interest rate.
Two former derivatives traders have sued in London for $11.6m, claiming their previous firm failed to honor an unwritten bonus agreement the bank described as a 'fiction'.
The World Cup match between the U.S. and Belgium looks like a great case of timing the market.
Blackstone Group, already the largest investor in hedge funds, is signing on a team of three traders for the first such fund that it will manage directly, according to two people with knowledge of the plans.
To cut or not to cut ?
Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates.
Commerzbank on Wednesday said it had suspended two foreign exchange traders under suspicion of having attempted to manipulate euro/zloty prices in regular trading.
Two BNP Paribas mortgage-bond traders who invested money for the bank left the lender’s New York securities unit last month, according to four people with knowledge of the departures.
Royal Bank of Scotland has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.