Latest news
Latest news
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
Koning to leave in the next year
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Dutch pension fund Vervoer has filed a lawsuit in the U.K. charging that Goldman Sachs Asset Management acted negligently when it invested the fund’s money in subprime mortgage-backed securities in 2007, even as the Goldman Sachs’ proprietary desk was short-selling the MBS.
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Barclays is planning an overhaul of its bonus structure, which could include delaying the awards until staffers retire. The bank’s shareholders have already approved such a structure.
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Regulators are examining communications between Philippe Moryoussef, a former swaps trader at Barclays, and Rabobank over alleged manipulation of EURIBOR, the European Union’s interbank offered rate.
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Trevor Murray, a former CMBS strategist at the UBS Securities has filed a lawsuit against the firm’s Swiss bank parent, charging he was wrongfully terminated after he complained to supervisors that traders were pressuring him to publish biased research reports.
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Bank of America is said to be in talks with Fannie Mae to resolve a conflict involving demands by the government-sponsored enterprise to buy back bad loans.
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Bank of America says it has received subpoenas from U.S. Department of Justice, Commodity Futures Trading Commission and the U.K.’s Financial Services Authority for information related to the manipulation of the London Interbank Offered Rate.
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A British judge has rejected a bid by Barclays to delay a lawsuit against it for allegedly mis-selling interest rate swaps as the bank allegedly was involved in manipulating the London Interbank Offered Rate.
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Neil Swinburne is retiring as head of European securities lending trading at Citigroup, six years after joining the bank from Goldman Sachs.
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Gus O’Donnell, former head of the U.K. civil service and a front-runner to succeed Mervyn King as governor of the Bank of England, says banks may need to cut back on lending to make them less risky.