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By Lindsay Fortado, Gavin Finch and Liam Vaughan |
February 6, 2013
Regulators said a RBS trader colluded with a counterpart at UBS AG to pay almost $330,000 in bribes to brokers to help them manipulate global interest rates.
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By Gavin Finch, Lindsay Fortado and Silla Brush, Bloomberg |
February 6, 2013
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe.
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By Stephen Kirkland and Inyoung Hwang, Bloomberg |
February 4, 2013
Stocks tumbled the most this year and the euro slid while Spanish bond yields surged amid renewed concern about Europe’s debt crisis. U.S. Treasuries rose, while oil fell after the longest stretch of weekly gains since 2004.
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By Stephen Kirkland and Susanne Walker, Bloomberg |
January 28, 2013
Treasury 10-year yields touched 2% for the first time since April after U.S. durable-goods orders climbed more than forecast. The Standard & Poor’s 500 Index retreated following an eight-day rally, its longest since 2004.
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By Gavin Finch and Liam Vaughan |
January 24, 2013
Christian Bittar reportedly lost about $53 million in bonuses after he was fired for trying to rig interest rates.
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By Joseph Ciolli and Anchalee Worrachate, Bloomberg |
January 15, 2013
The yen rose the most since May versus the dollar as Japanese Economy Minister Akira Amari said an excessively weak currency may hurt imports and households, damping expectations policy makers will try to push it down further.
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By Gavin Finch, Lindsay Fortado and Liam Vaughan |
January 14, 2013
Royal Bank of Scotland may face as much as a 500 million pound ($804 million) fine next week to settle allegations traders tried to rig interest rates.
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By Eleni Himaras, Bloomberg |
January 14, 2013
Investment banks are cutting jobs in equities faster than any other division as revenue recovers at a slower pace than the rest of their businesses and more trading is automated.
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By Joseph Ciolli and David Goodman, Bloomberg |
January 3, 2013
The dollar gained to its strongest level in almost three weeks against the euro on speculation U.S. policy makers will struggle to reach agreement on raising the nation’s debt limit, underpinning demand for the safest assets.
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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.
