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By Elena Logutenkova, Bloomberg |
January 10, 2013
Jerker Johansson, a former head of UBS AG’s investment bank, said his unawareness of rigging of global interest rates at the biggest Swiss bank was a failure and negligent.
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By Linda Sandler |
December 27, 2012
Lehman, which is due to make a third payment to creditors in March, had $5.6 billion in free cash on Nov. 30, an increase of $1.1 billion during the month.
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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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By Fabio Benedetti-Valentini and Helene Fouquet, Bloomberg |
December 19, 2012
French Finance Minister Pierre Moscovici introduced a bill designed to force the country’s largest banks to fence off proprietary trading activities in dedicated units.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
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By Dakin Campbell, Bloomberg |
December 18, 2012
Wells Fargo & Co. bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.
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By Laura Marcinek, Bloomberg |
December 18, 2012
Jefferies Group Inc., the investment bank that agreed to be acquired by Leucadia National Corp., said fiscal fourth-quarter profit rose 48 percent, beating analysts’ estimates, as trading revenue surged.
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By Maud van Gaal, Bloomberg |
December 17, 2012
ABN Amro Group NV, the Dutch bank nationalized in 2008, is eliminating 40 jobs after closing its Delta One Arbitrage equity-derivatives division to reduce risk.
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By Daniel P. Collins |
December 14, 2012
Last week Democratic members of the House Financial Service’s Subcommittee on Oversight and Investigations offered an addendum to the staff report issued by committee chair Rep. Randy Neugebauer
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By Lindsay Fortado and Greg Farrell |
December 13, 2012
UBS AG may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates.
