The first defendant to go on trial in the UK as part of the Serious Fraud Office's criminal investigation into the manipulation of Libor was convicted and sentenced Monday at Southwark Crown Court.
Entries in UBS (8)
In a securities filing this month, Bank of New York Mellon Corp. said it received a subpoena from the SEC asking about job offers to government officials and internships awarded to their family members.
Bank of New York Mellon Corp. said the SEC has recommended an enforcement action for possible FCPA violations related to the bank's dealings with sovereign wealth funds.
Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.
Song Lin, the chairman of state-controlled China Resources, was fired Sunday for "suspected serious violations of discipline and law violations."
The B20 Task Force on Improving Transparency and Anti-Corruption's latest report is out, and the former director of the UK's Serious Fraud Office told me that there has been some notable changes of detail in it.
Family members of China's current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.
Look closely at traders who are performing significantly above their peers or the market. They have been trading outside of the risk criteria of their employers for a while, most likely. They are making money, so the behavior is tolerated and even rewarded. It's only when they bet the wrong way on the market and finally lose money that they suddenly become "rogue traders."