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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 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.
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By Kit Chellel |
December 10, 2012
Stefan Hunt, a former Harvard and Yale economist who now works with the U.K.'s Financial Services Authority, is using new tools to protect consumers from old-fashioned fraud.
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By John Detrixhe and Neal Armstrong, Bloomberg |
December 4, 2012
The euro strengthened for a fifth day versus the dollar on speculation European Union finance ministers meeting in Brussels will make further progress in their efforts to stem the debt crisis.
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By Lindsay Fortado, Bloomberg |
December 3, 2012
UBS AG, Switzerland’s biggest lender, is close to agreements with U.S. and U.K. regulators to pay more than 290 million pounds ($466 million) in fines over allegations traders tried to rig global interest rates.
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By Lindsay Fortado, Bloomberg |
November 9, 2012
U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal.
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By Lucy Meakin and Monami Yui |
November 7, 2012
The dollar dropped the most in a week against the euro on speculation Barack Obama’s re-election will boost chances for continued U.S. monetary stimulus policies.
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By John Detrixhe and Lucy Meakin, Bloomberg |
November 6, 2012
The dollar fell against the majority of its 16 most-traded peers as voters headed to the polls to decide whether President Barack Obama or challenger Mitt Romney will guide the world’s biggest economy for the next four years.
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By Ambereen Choudhury, Elisa Martinuzzi and Kevin Crowley |
November 1, 2012
London’s attempt to maintain its financial muscle while boycotting Europe’s move toward a banking union risks isolating the city from its major trading partners.
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By Ben Moshinsky, Bloomberg |
November 1, 2012
Banks deemed to be too-big-to-fail should hold more capital reserves to protect against operational risks, such as rogue traders, regulatory fines and fraudulent employees, the Financial Stability Board said.
