Search Results for: Barclays PLC
EU Bank-Separation Bill Sets $112 Billion Trading Mark
June 16th, 2015
Banks with annual trading activities of more than 100 billion euros ($112 billion) would face added scrutiny from supervisors armed with a tool box of capital rules and separation powers in a draft European Union law. Envoys from the ...
Top news of the day, May 20
May 20th, 2015
1. As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
UBS Guilty Plea for Libor Seen Opening Door to Political Battle
May 14th, 2015
UBS Group AG faces the prospect of making a guilty plea that would require it, along with four other giant global banks, to seek U.S. regulators’ permission to keep managing Americans’ money. Several law experts said that UBS may ...
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
May 13th, 2015
The U.S. Justice Department is set to rip up its agreement not to prosecute UBS Group AG for rigging benchmark interest rates, according to a person familiar with the matter, taking a new step to hold banks accountable for ...
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
China Stocks Drop While Aussie Gains After RBA; Commodities Fall
May 5th, 2015
Chinese stocks fell on concern recent gains were excessive, while Indonesia’s rupiah weakened after the economy contracted. Australia’s currency rose amid speculation the central bank will refrain from further interest-rate cuts. The Shanghai Composite Index retreated 2.3 percent by ...
Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit
April 30th, 2015
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating foreign-exchange rates. The bank’s decision ...
New York State Superintendent of Financial Services may exclude electronic trades from FX deals
April 22nd, 2015
New York State Superintendent of Financial Services Benjamin Lawsky said evaluations of electronic trading may hold up foreign-exchange settlements for certain banks. Mr. Lawsky, speaking at a Dow Jones risk and compliance conference Tuesday, said it could take the ...
BofA Investors Say Settlement Reached in Forex Class Action
April 17th, 2015
Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal how much the bank would pay in a statement Thursday ...
