Company News



Credit Suisse Said to Weigh Job Cuts in European Equities

Published on: Tuesday, October 1, 2013 by Paul Stanbridge

Switzerland’s second-largest bank, may trim jobs at the Europe, Middle East and Africa equities business, three people familiar with the plan said  . . .

http://www.bloomberg.com/news/2013-09-25/credit-suisse-said-to-weigh-job-cuts-in-european-equities.html



Barclays to shut wealth management services in 130 countries

Published on: Tuesday, October 1, 2013 by Paul Stanbridge

Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit. . .

http://uk.reuters.com/article/2013/09/26/uk-barclays-wealth-idUKBRE98O1CJ20130926



ICAP Europe Limited fined £14 million for significant failings in relation to LIBOR

Published on: Tuesday, October 1, 2013 by Paul Stanbridge

The Financial Conduct Authority (FCA) has fined ICAP Europe Limited (IEL) £14 million for misconduct relating to the London Interbank Offered Rate (LIBOR).  IEL is the first broking firm to be fined for failings relating to the benchmark. . .

http://www.fca.org.uk/news/icap-europe-limited-fined



Clydesdale Bank fined £8.9 million for failing to treat its mortgage customers fairly

Published on: Tuesday, October 1, 2013 by Paul Stanbridge

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages. . .

http://www.fca.org.uk/news/clydesdale-bank-fined-89-million



Wells Fargo agrees $869m settlement with Freddie Mac

Published on: Tuesday, October 1, 2013 by Paul Stanbridge

Wells Fargo, the largest US mortgage lender, has agreed a settlement with Freddie Mac to resolve claims over faulty loans it sold to the firm. . .

http://www.bbc.co.uk/news/business-24329482