Company News



Bank of America suspends senior FX trader in London -source

The worldwide investigation into allegations of manipulation in the global currency market took another twist on Thursday, as Bank of America suspended a senior trader in London, a source familiar with the matter said on Thursday. . .

http://uk.reuters.com/article/2014/03/06/fx-bofa-idUKL6N0M34LI20140306?rpc=401&feedType=RSS&feedName=americasRegulatoryNes&rpc=401



Where is the Stanford Ponzi loot ? This man knows

Victims of the massive Allen Stanford Ponzi scheme got a rare bit of good news Thursday. Some $18 million in Stanford funds that had been parked in Canada was returned to the U.S. for distribution to investors. . .

http://hereisthecity.com/en-gb/2014/03/07/where-is-the-stanford-ponzi-loot-this-man-knows/



JPMorgan, UBS Convictions Overturned in Milan Swaps Case

JPMorgan Chase & Co. (JPM), Deutsche Bank AG, UBS AG (UBSN) and Depfa Bank Plc won a bid to overturn a conviction for overseeing fraud by their bankers in the sale of derivatives to the city of Milan. . .

http://www.bloomberg.com/news/2014-03-07/jpmorgan-ubs-convictions-overturned-in-milan-swaps-case.html



Standard Chartered CEO Cuts Bonuses, Reassures on Capital

Standard Chartered Plc (STAN) Chief Executive Officer Peter Sands cut bonuses and indicated that capital levels can weather writedowns after the bank’s first annual profit drop in a decade. . .

http://www.bloomberg.com/news/2014-03-05/standard-chartered-profit-falls-first-time-in-decade-on-korea.html



Mark Carney to face grilling by parliament on plans to modernise Bank

Members of parliament will grill the Bank of England governor, Mark Carney,  on Tuesday about his plans to modernise governance at the central bank in light of the escalating foreign exchange scandal. . .

http://www.theguardian.com/business/2014/mar/09/mark-carney-parliament-treasury-bank-forex