Company News



Robert Peston, Business Editor at the BBC comments on the future trend for bonuses.

Published on: Tuesday, September 24, 2013 by Paul Stanbridge

http://www.bbc.co.uk/news/business-24203871#



Ex-RBS Trader Gets 50 Months in Hong Kong Jail for Fraud

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

Shirlina Tsang, a former Royal Bank of Scotland Group Plc trader who pleaded guilty in Hong Kong to fraud for trying to hide losses of 19.5 million pounds ($30.8 million), was sentenced to 50 months in jail. . . .

http://www.bloomberg.com/news/2013-09-13/ex-rbs-trader-gets-50-months-in-hong-kong-jail-for-fraud.html



ECB welcomes European Parliament vote to create single supervisory mechanism

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

The European Central Bank (ECB) welcomes the vote on 12th September by the European Parliament on legislation which paves the way for establishing a banking union.

http://www.ecb.europa.eu/press/pr/date/2013/html/pr130912.en.html



Barclays faces £50m fine from the FCA watchdog for Qatari deal

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

The Financial Conduct Authority (FCA) is warning Barclays Bank of a £50m fine for its 2008 investment deal with Qatari investors . . .

http://www.bbc.co.uk/news/business-24112400



Ex-JPMorgan Employees Indicted Over $6.2 Billion Loss

Published on: Tuesday, September 17, 2013 by Paul Stanbridge

Two former JPMorgan Chase & Co. (JPM) traders were indicted for engaging in a securities fraud to hide trading losses that eventually surpassed $6.2 billion on wrong-way derivatives bets last year.

http://www.bloomberg.com/news/2013-09-16/ex-jpm-trader-and-supervisor-indicted-by-u-s-grand-jury.html