Company News



JPMorgan Chase, 12 More Banks Said to Be Sued Over Libor

JPMorgan Chase & Co., Barclays Plc,Credit Suisse Group AG and 10 other international lenders were sued by a U.S. credit union regulator alleging they illegally manipulated benchmark Libor interest rates. . .

http://www.bloomberg.com/news/2013-09-23/jpmorgan-chase-12-more-banks-said-to-be-sued-over-libor.html



Ernst & Young set to hire 3,700 people in Britain by June 2014: report

Ernst & Young LLP ERNY.UL, one of the “Big Four” accountancy firms, is set to hire 3,700 people in Britain alone by the end of June 2014 to satisfy growing demand for business advice, the Times reported on Sunday . . .

http://uk.reuters.com/article/2013/09/22/uk-ernstandyoung-jobs-idUKBRE98L0L120130922



Trading blow at Citi ? BofA prepares for court test

Citigroup has suffered a significant decline in trading revenues that threatens to depress its earnings, according to people familiar with conversations between investors and the bank in recent days. . .

http://hereisthecity.com/2013/09/23/trading-blow-at-citi-bofa/



Brokers Must Disclose Bonuses as Finra Passes Rule

Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by the Financial Industry Regulatory Authority.  . .

http://www.bloomberg.com/news/2013-09-19/brokers-must-disclose-bonuses-as-finra-passes-rule.html



Bank Watchdog Steps Up Bonus Cap Opposition

A cap on bank bonuses being introduced at Brussels’ behest would drive up fixed costs and expose lenders to greater risk of instability, the Bank of England will warn next month. . .

http://news.sky.com/story/1145453/bank-watchdog-steps-up-bonus-cap-opposition