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