Company News



Ex-Goldman Partner’s Firm Says UBS Cuts Spoiled Partnership Plan

An asset management firm founded by former Goldman Sachs Group Inc. (GS) partner Vishal Gupta sued UBS AG (UBSN), saying investment banking cuts at the Swiss lender have undermined a joint venture.

http://www.bloomberg.com/news/2014-05-23/ex-goldman-partner-s-firm-says-ubs-cuts-spoiled-partnership-plan.html



Barclays fined £26m for failings surrounding the London Gold Fixing and former Barclays trader banned and fined for inappropriate conduct

On 28 June 2012, former Barclays trader Daniel James Plunkett exploited the weaknesses in Barclays’ systems and controls to seek to influence that day’s 3:00 p.m. Gold Fixing and thereby profited at a customer’s expense. . .

http://www.fca.org.uk/news/barclays-fined-26m-for-failings-surrounding-the-london-gold-fixing



Credit Suisse Clients Remain Secret as Bank to Help U.S.

Credit Suisse AG, which pleaded guilty yesterday to aiding Americans’ tax evasion, has so far avoided identifying thousands of customers who cheated the Internal Revenue Service. Instead, it promised to point investigators in the right direction.

http://www.bloomberg.com/news/2014-05-20/credit-suisse-clients-remain-secret-as-bank-pledges-to-help-u-s-.html



Legal claims over RBS cash call near 4 billion pounds

Hundreds more investors have joined an unprecedented group legal action against Royal Bank of Scotland, alleging they were misled during an emergency cash call in 2008, and are claiming damages of around 4 billion pounds . . .

http://uk.reuters.com/article/2014/05/16/uk-rbs-lawsuit-idUKKBN0DW1BI20140516



BIS Working Papers No 448. The exit from non-conventional monetary policy: what challenges?

Monetary policies pursued in response to the financial crisis have shown that changes in central bank balance sheets have major macroeconomic consequences.

http://www.bis.org/publ/work448.htm