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. . .
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 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. . .
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. . .
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