DealBook: Banking Official Faces Panel in Barclays Scandal
Chris Ratcliffe/Bloomberg NewsPaul Tucker, deputy governor of the Bank of England. LONDON — The scandal over the manipulation of global interest rates until now has mostly put bankers in the spotlight....
View ArticleDealBook: Parliament Questions Marcus Agius About Culture at Barclays
Jason Alden/Bloomberg NewsMarcus Agius, Barclays‘ chairman, after testifying to lawmakers. He was asked mostly about the actions of Robert Diamond, Barclays’ former chief. LONDON — During his tenure as...
View ArticleDealBook: Barclays’ Profit Falls as New Regulatory Problems Emerge
Simon Newman/ReutersThe letter “B” is hoisted up the side of Barclays‘ headquarters in London. LONDON — The problems continue to mount for Barclays, as the British bank disclosed that it was facing...
View ArticleDealBook: BlackRock Fined $15.2 Million by British Regulator
Scott Eells/Bloomberg NewsThe headquarters of BlackRock in Manhattan. LONDON – British authorities have fined the giant money manager BlackRock £9.5 million for failing to protect some of its clients’...
View ArticleDealBook: UBS Expected to Be Fined in Rogue Trader Scandal
Stefan Wermuth/ReutersKweku Adoboli arriving at court in London on Tuesday. He was sentenced to seven years in jail. LONDON — UBS is expected to face a multimillion-dollar fine in connection with the...
View ArticleDealBook: As Unit Pleads Guilty, UBS Pays $1.5 Billion Over Rate Rigging
UBS, the Swiss banking giant, announced a record settlement with global authorities on Wednesday, agreeing to a combined $1.5 billion in fines for its role in a multiyear scheme to manipulate interest...
View ArticleDealBook: UBS Pays $1.5 Billion Over Rate Rigging
Michael Buholzer/ReutersUBS agreed to record fines to settle a rate-rigging case. UBS, the Swiss banking giant, announced a record settlement with global authorities on Wednesday, agreeing to a...
View ArticleDealBook: Regulators Propose Overhaul of Benchmark Interest Rate
LONDON – European regulators called for a major overhaul of a benchmark interest rate on Friday, but stopped short of demanding direct regulatory oversight in the wake of the rate-rigging scandal. The...
View ArticleDealBook: Amid Bank’s Legal Problems, Barclays Chief Gives Up Bonus
Lucas Jackson/ReutersAntony Jenkins, chief of Barclays. LONDON – Antony P. Jenkins, the new chief executive of Barclays, said on Friday that he would not accept a bonus as the British bank struggles to...
View ArticleDealBook: R.B.S. to Pay $612 Million Over Rate Rigging
David Moir/ReutersA branch of the Royal Bank of Scotland in Edinburgh. LONDON – The Royal Bank of Scotland on Wednesday struck a combined $612 million settlement with American and British authorities...
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