Company News: Financial Market News



RBS Cut by Moody’s, Outlook Negative on Risks of Restructuring

Royal Bank of Scotland Group Plc’s credit rating was downgraded by Moody’s Investors Service after the lender reported its biggest full-year loss since its bailout in 2008.

http://www.bloomberg.com/news/2014-03-13/rbs-cut-by-moody-s-outlook-negative-on-risks-of-restructuring.html

Company News: Financial Market News



S.E.C. Unveils Case Against 10th Former Employee of SAC Capital

Federal regulators on Thursday announced the latest case to stem from the decade-long insider trading investigation into SAC Capital Advisors, taking aim at a former employee for prompting a number of illegal trades. . .

Company News: Financial Market News



Bankers Find Costs Won’t Stay Cut as New Expenses Mount

U.S. bankers who vowed last year to boost profit by shrinking expenses are finding costs don’t always stay cut . . .

http://www.bloomberg.com/news/2014-03-14/bofa-to-citigroup-find-new-expenses-negating-cost-cuts.html

Company News: Financial Market News



UBS Raises Ermotti 2013 Pay 21% Before Shareholders’ Say

UBS AG (UBSN) boosted Chief Executive Officer Sergio Ermotti’s compensation by 21 percent to 10.73 million Swiss francs ($12.3 million), the last time the decision will fall exclusively on the bank’s board as Swiss governance rules change. . .

.http://www.bloomberg.com/news/2014-03-14/ubs-raises-ermotti-s-2013-pay-21-after-return-to-profit.html

 

Company News: Financial Market News



EU Bank-Crisis Talks Resume as Draghi Watches Attentively

German Finance Minister Wolfgang Schaeuble and his European Union counterparts are under pressure to get a bank-crisis law on the books after European Central Bank President Mario Draghi spelled out the consequences of failure. . .

http://www.bloomberg.com/news/2014-03-10/eu-bank-crisis-talks-resume-as-draghi-watches-attentively.html

Company News: Financial Market News



SEC Said to Probe Whether Forex Rigging Distorted Options

The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter. . .

http://www.bloomberg.com/news/2014-03-10/sec-said-to-probe-whether-forex-rigging-distorted-options.html

Company News: Financial Market News



Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.

http://www.bloomberg.com/news/2014-03-09/global-debt-exceeds-100-trillion-as-governments-binge-bis-says.html

Company News: Financial Market News



Loss-making RBS to give millions in shares to executives

Royal Bank of Scotland is poised to release millions of pounds worth of shares to its top executive team through bonus schemes put in place by the loss-making bank over the last three years. . .

http://www.theguardian.com/business/2014/mar/06/rbs-bonus-announcement-imminent-loss-making

Company News: Financial Market News



Bank of America suspends senior FX trader in London -source

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. . .

http://uk.reuters.com/article/2014/03/06/fx-bofa-idUKL6N0M34LI20140306?rpc=401&feedType=RSS&feedName=americasRegulatoryNes&rpc=401

Company News: Financial Market News



Where is the Stanford Ponzi loot ? This man knows

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/