Company News



RBS Asked to Hand Over FSA, SEC Probe Details in Share-Sale Suit

Royal Bank of Scotland Group Plc was asked by investors suing over losses from a 2008 share sale to disclose details of probes by U.K. and U.S. regulators into its near-collapse and 45.5 billion-pound ($78 billion) bailout. . . .

http://www.bloomberg.com/news/2014-07-03/rbs-asked-to-hand-over-fsa-sec-probe-details-in-share-sale-suit.html



Ex-JPMorgan trader contests UK regulator’s ‘Whale’ findings

(Reuters) – A former JPMorgan Chase & Co trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain’s financial watchdog against the bank over the “London Whale” debacle of 2012, the Financial Times reported on Sunday, citing tribunal records. . .

http://uk.reuters.com/article/2014/07/06/uk-jpmorgan-chase-whale-fca-idUKKBN0FB10220140706



ean Banks Seen Facing $50 Billion More in Legal Expenses

Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley . . .

http://www.bloomberg.com/news/2014-07-07/european-banks-seen-facing-50-billion-more-in-legal-expenses.html



BNP Facing Dollar-Clearing Curb Under Settlement

BNP (BNP) Paribas SA, seeking to settle claims it violated U.S. sanctions, is close to an agreement with New York state’s top banking regulator that would curtail some of its dollar-clearing operations for as long as a year, according to a person familiar with the matter. . .

http://www.bloomberg.com/news/2014-06-26/bnp-said-to-face-dollar-clearing-curb-under-settlement.html



Furious investors attack WPP and RBS over excessive bonuses and pay

Some 30% of WPP shareholders revolt over £30m windfall for Sir Martin Sorrell, while RBS chairman insists progress made . . .

http://www.theguardian.com/business/2014/jun/25/investors-wpp-rbs-bonuses-pay-martin-sorrell