Search Results for: Banks
Traders at Barclays and Deutsche Bank questioned over Euribor rigging
March 9th, 2015
The Serious Fraud Office (SFO) is questioning former traders from Barclays and Deutsche Bank over possible Euribor rigging. According to the FT, which spoke to sources close to the matter, they are being interviewed “under caution”. This means the UK fraud investigators ...
RBNZ consulting on property investor loans
March 9th, 2015
The Reserve Bank is consulting on a new asset class treatment for mortgage loans to residential property investors within its capital adequacy requirements. A primary purpose of the consultation is to seek views on how to best define a ...
China stocks fall as IPO burst raises liquidity concerns; HK also down
March 9th, 2015
China stocks sank on Monday morning amid worries over tighter liquidity as 23 companies are poised to sell shares publicly this week, potentially locking over 3 trillion yuan ($478.84 billion) of capital. The decline was led by brokerages, which slumped after China’s ...
GT Nexus selects Deutsche Bank for global cash management
March 6th, 2015
Deutsche Bank today announced its appointment as a global cash management bank for GT Nexus, the world’s largest cloud-based business network and execution platform for global trade and supply chain management. Deutsche Bank’s international cash management platform now offers ...
Commerzbank nears $1.4 billion-plus settlement with U.S. – sources
March 6th, 2015
Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according to two people ...
ECB decisions may prove to be a blessing in disguise
March 6th, 2015
Draghi adds 500 million euros to ELA, giving banks a breather European Central Bank Governor Mario Draghi announced on Thursday a board decision on Greece that may appear tough but in fact averts a default during March at least ...
Formal warning issued by The Reserve Bank of New Zealand to JPMorgan Chase Bank, N.A. New Zealand Branch
March 6th, 2015
The Reserve Bank of New Zealand (RBNZ) has issued a formal warning to JPMNZ under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. As the supervisor of banks and other reporting entities for compliance ...
Mario Draghi: Introductory statement to the press conference in Nicosia
March 5th, 2015
Latest Update, March 06, on March 05 release of President of the ECB Introductory statement. The update is regarding Questions and Answers. You can find the Questions and Answers at the end of the following statement. Mario Draghi, President ...
Companies Dropping the Ball on Risk, Compliance
March 5th, 2015
Companies are woefully unprepared to deal with the increasingly challenging risk and compliance environment, and the blitz of devastating corporate blunders witnessed in 2014 will recur, and then some, this year, says Forrester Research in a scathing new report. ...
HKBN Raises $750 Million in Hong Kong’s Biggest IPO This Year
March 5th, 2015
Broadband-services provider HKBN Ltd. raised US$750 million after pricing its Hong Kong initial public offering at the top end of the price range, people familiar with the situation said Thursday, making it the second-largest IPO in Asia Pacific this ...
