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Libor Fixing Scandal: US Slaps UBS Japan with $100m Criminal Penalty
Japanese investment banking unit pleaded guilty to wire fraud while UBS pays $1.5bn global civil settlement
Bank of America Sells Remaining Stake in China's CCB for $1.47bn
BofA ends eight-year investment in China Construction Bank at a substantial profit.
G4S Seeks Global Expansion and Debt Reduction via £600m Share Sale
G4S is selling about 140.9 million new ordinary shares or 25 pence each.
London Whale: JPMorgan Facing $6bn in Fines over Mis-Selling Mortgage-Backed Securities
Potential penalty comes after JPMorgan lost over $6.2bn from trading scandal.
Deutsche Bank and HSBC Oppose Saudi Telecom’s $1.2bn Loan Restructuring Call
The tussle of $1.2bn loan will leave the banks with about $600m losses.
JPMorgan Facing Civil and Criminal Probes into Mortgage-Backed Bond Sales
Court filing shows bank under 'parallel investigations' by civil and criminal divisions of US Attorney's Office.
US' SEC Fines UBS $50m For CDO Securities Fraud
UBS misled investors about a risky mortgage-backed bond transaction in 2007.
HSBC Eyes $1.6bn Mortgage-Backed Bond Settlement with FHFA
Banking giant was accused of mis-selling mortgage-backed bonds during US housing bubble.
US Regulators Poised to Sue Bank of America Merrill Lynch Over Mortgage-Backed Securities
The Department of Justice, SEC and the New York Attorney General's office intend to file charges against BofA
Federal Judge Approves $590m Citigroup Toxic Mortgage Assets Settlement
Settlement is between Citi and shareholders over billions dollars of toxic mortgage assets.
MF Global Sues 12 Banks, Markit and Isda for $25tn CDS Cartel
Collapsed broker files for the latest in a string of lawsuits over credit default swap market
RBS, Barclays, HSBC Face $4bn Sub-Prime Fines as UBS Pays $885m to Fannie Mae and Freddie Mac
Deal gives UBS full release from other potential claims related to residential mortgage-backed securities.
Deutsche Bank to Prune Balance Sheet to $1.31tn
Deutsche Bank to prune its balance sheet by 20% and reach 3% equity loan ratio
Libor Fixing Scandal: SFO Charges RP Martin Holdings' Terry Farr and James Gilmour
Former brokers arrested alongside ex-UBS and Citi broker Tom Hayes charged with conspiracy to defraud.
Libor Fixing Scandal: SFO has 'Voluminous Evidence' Against Former Trader Tom Hayes
SFO charged the former UBS and Citi trader with eight counts of fraud
M&S CEO Marc Bolland under Fire as Retailer Eyes Missing Sales Targets
Bolland, already criticised over his pay, is facing questions over his three-year strategy.
Ex-NYU Professor Arrested For 'Stalking' Citigroup Chief Economist Willem Buiter
Former NYU professor Heleen Mees charged with sending harassing mails to esteemed industry economist
China's ICBC Beats Bank of America to No 1 Spot
Britain's HSBC stands fourth in rankings by The Banker magazine.
EU Charges Isda, Markit and 13 Banks With EU Antitrust Breach
Europe accuses financial data firms and banks of operating cartel in credit derivatives business.
Reliance Ropes in SumitomoMitsui and Nippon Life for Proposed Banking Outfit in India
Reliance Capital said it has roped in Japanese financial powerhouses SumitomoMitsui Trust Bank and Nippon Life Insurance to boost its bid for a banking licence in India
UBS to Surrender Banking Licence in India
Bank's decision follows similar moves by American competitors Morgan Stanley and Goldman Sachs.
Libor Fixing Scandal: SFO Charges Ex-Citi and UBS Trader Thomas Hayes with 8 Counts of Fraud
Serious Fraud Office charges senior trader with conspiracy to defraud over Libor.
Foreign Banks Knocking On India Inc's Doors With Cheap Dollar Loans
Standard Chartered, Citigroup and Deutsche Bank offer low-cost loans.
Billionaire Saudi Prince Sues Forbes for Valuing Him at Only $20bn
Prince Al-Waleed bin Talal claims Forbes undervalued him by $9.6bn and alleges bias against Saudi Arabians
Basic Guide to Libor Fixing Scandal: Who, Where, What, When, Why?
IBTimes UK delivers a refresher course on the rate that was rigged around the world
Infosys Shares Surge on Company's Call for Narayana Murthy Return
Barclays, Citigroup, CLSA, Goldman Sachs and Morgan Stanley welcome Infosys' co-founder's return.
Asian Markets Open Higher As Weak US GDP Data Eases QE Concerns
Wall Street gains propel Asian markets as fears over Fed's asset purchase cutbacks ease.
Jamie Dimon Profile: JP Morgan Chairman and CEO Survives Shareholder Revolt
IBTimes UK takes a look at one of Wall Street’s most powerful people.
City of London Finance Jobs Fall in April as Firms Stall Hiring
City finance jobs decline to 5,922 in April from 7,661 in the same month, a year ago
François Hollande: Rejected Before a Year in Office
On 25 April 2013 the French Ministry of Labour posted the latest unemployment figures for March - an increase of 36,900 and the 23rd consecutive monthly increase - which showed that 3.224 million were signed up and looking for work. The Ministry admitted that this figure broke the previous record set in 1997 of 3.195 million and whilst not releasing an unemployment rate, reiterated that this had stood at 10.2 per cent at the beginning of the year and that they are confidant that the rate would ...