News
Jefferson County head indicted on bribery, money laundering charges
The Mayor of Birmingham, Alabama, has been charged with 101 counts including bribery, money laundering, mail and wire fraud pertaining to the award of lucrative bond transaction and swap agreement servicing contracts in exchange for financial kick-backs,…
Tighten oversight and loosen mark-to-market rules, Basel Committee says
The Basel Committee on Banking Supervision has warned supervisors to improve their supervision of banks' risk models, but has also echoed calls for a relaxation in mark-to-market accounting rules.
Daiwa hires Cope to strengthen equity business
Daiwa Securities SMBC, the Japanese investment bank, has appointed Andrew Cope in the newly created role of head of secured equity financing and supply for the bank's global equity finance department, as part of broader efforts to bolster the firm's…
ING hires Asia FI head from Temasek
ING has hired Mathew Welch from Singapore state investment fund Temasek Holdings as head of financial institutions (FI) for Asia.
AIG sells Swiss private bank
AIG, the beleaguered US insurance giant, today announced the sale of its Swiss subsidiary AIG Private Bank to Aabar Investments, the United Arab Emirates investment company, for a provisional Sfr307 million ($254 million).
Interbank lending remains steady
The interbank lending markets were stable this morning. The Ted spread, which tracks the difference between three-month Libor and US Treasury bills, was at 2.18% at 12.50pm London time today, unchanged from Friday's close.
UK CDS spreads up
The cost of credit protection on UK banks increased in early trading this morning, while US financial institutions experienced mixed market sentiment.
Dealers vote for third LCDX auction
The International Swaps and Derivatives Association will publish terms for a cash-settlement auction on loan credit default swaps (LCDSs) referencing Hawaiian Telecom over the coming weeks.
Former UK ambassador fined for market abuse
Losses and Lawsuits
Wealth management firm fined £1.12m for mis-selling
Losses and Lawsuits
Goldman Sachs senior execs forgo bonuses
Losses and Lawsuits
US Justice Dept indicts UBS executive for tax fraud
Losses and Lawsuits
FED warns US consumers about loan scam
Losses and Lawsuits
Online Trojan steals 500,000 account details
Losses and Lawsuits
HKMA investigates misconduct on Lehman Bros investments
Losses and Lawsuits
Bank of America sues Bear Stearns, Cioffi and Tannin
Losses and Lawsuits
CITI cuts 52,000 jobs
Losses and Lawsuits
