Company News



FX to Libor Probes Leave U.K. Traders Looking for Lawyers

U.K. traders who’ve come under investigation for rigging benchmark rates may find themselves in another difficult situation — unable to find a good lawyer. . .

http://www.bloomberg.com/news/2013-11-29/fx-to-libor-probes-leave-u-k-traders-looking-for-lawyers.html



Pay and Bonus for top City Bankers revealed

The financial rewards handed to the City’s highest-paid bankers rose by a third last year – and more than 2,700 of them were paid more than €1m (£830,000) in 2012. . .

http://www.theguardian.com/business/2013/nov/29/city-of-london-highest-paid-bankers



FCA fine upheld by Tribunal

The Upper Tribunal (Tribunal) has upheld the decision of the Financial Conduct Authority (FCA) to fine Scottish firm Westwood Independent Financial Planners (Westwood) £100,000 for communications and suitability failings in relation to geared traded endowment policies (GTEPs). . . .

http://www.fca.org.uk/news/firms/tribunal-upholds-fca-fine-on-firm-for-misselling-complex-investments



The FCA have issued a statement regarding Royal Bank of Scotland

The Financial Conduct Authority (FCA) has now considered the reports published this week by Sir Andrew Large into lending practices at the Royal Bank of Scotland (RBS) and, separately, by Dr Lawrence Tomlinson into banks’ treatment of customers in financial difficulty. The FCA has been kept informed by RBS during this period. . .

http://www.fca.org.uk/news/press-releases/statement-regarding-royal-bank-of-scotland



Europe Twin Woes Fester in ECB’s Job-to-Inflation Fight

Europe’s twin woes of too little inflation and too many unemployed will dominate data due this week just as officials prepare forecasts backing the rationale for Mario Draghi’s surprise interest-rate cut.

http://www.bloomberg.com/news/2013-11-25/europe-twin-woes-fester-in-draghi-job-to-inflation-fight.html