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

Barclays Bank is to refund at least 300,000 personal loan customers because it made mistakes on their paperwork. . .

http://www.bbc.co.uk/news/business-24122659

Five years on from the bankruptcy of Lehman Brothers, the debate over how to hold senior bank bosses to account for failures is far from over, but legal sanctions for top executives remain a largely remote threat. . .

http://www.reuters.com/article/2013/09/13/us-lehman-fiveyear-crime-idUSBRE98C0GR20130913?feedType=RSS&feedName=businessNews

Within months of becoming Danske Bank A/S chief executive officer last year, Eivind Kolding was telling investors they could look forward to higher credit ratings to enhance their returns . . .

http://www.bloomberg.com/news/2013-09-16/danske-firing-of-ceo-follows-failure-to-improve-bank-s-ratings.html

The government has sold a 6% stake in Lloyds Banking Group at a price of 75p a share, raising £3.2bn. . .

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

The Financial Conduct Authority (FCA) has fined Aberdeen Asset Managers Limited and Aberdeen Fund Management Limited (Aberdeen) £7,192,500 for failing to identify, and therefore properly protect, client money placed in Money Market Deposits (MMDs) with third party banks between September 2008 and August 2011. . .

http://www.fca.org.uk/news/aberdeen-asset-managers-and-aberdeen-fund-management-fined-72-million

The Basel Committee on Banking Supervision has today published its fourth Report to G20 Leaders on progress made in the implementation of Basel III regulatory reforms. The report has been prepared for the G20 Leaders’ Summit in St Petersburg on 5-6 September. . .

http://www.bis.org/press/p130827.htm

European banks will relocate onto the Continent from London “in very short order” if Britain exits the European Union, the bosses of investment bank Goldman Sachs have warned today. . .

http://www.standard.co.uk/business/business-news/eu-pullout-would-spark-a-city-exodus–goldman-8794398.html

In a speech today, hosted jointly by the CBI East Midlands, Derbyshire and Nottinghamshire Chamber of Commerce and Institute of Directors at the East Midlands Conference Centre, Mark Carney, Governor of the Bank of England, confirmed that the Prudential Regulation Authority (PRA) Board will implement the June 2013 recommendation of the Financial Policy Committee (FPC) regarding the amount of liquidity held by banks and building societies.  . .

http://www.bankofengland.co.uk/publications/Pages/news/2013/099.aspx

Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) are among banks whose debt ratings may be cut by Moody’s Investors Service as it examines whether the U.S. would be less likely to ensure creditors are repaid in a crisis . . .

http://www.bloomberg.com/news/2013-08-22/moody-s-mulls-downgrade-of-biggest-banks-as-u-s-support-wanes.html