Germany’s top court must halt the European Central Bank’s bond-buying plan to preserve the principles of democracy, even if it causes “uproar” in financial markets, a lawyer that opposes the plan said. . .

http://www.bloomberg.com/news/2013-06-11/ecb-case-pits-market-stability-against-democracy-lawyer-says.html

The Financial Conduct Authority (FCA) has published final rules to ban the promotion of Unregulated Collective Investment Schemes (UCIS) and certain close substitutes (together to be known as Non-Mainstream Pooled Investments (NMPIs)) to the vast majority of retail investors in the UK . . .

http://www.fca.org.uk/news/promotion-of-ucis-ban-ordinary-retail-investors

CME Group Inc confirmed it fined Morgan Stanley’s global head of rates on Friday over transactions in Treasury futures five years ago while he was employed by Goldman Sachs & Co. . .

http://uk.reuters.com/article/2013/05/31/morganstanley-trader-fine-idUKL2N0EC1QO20130531

Reuters) – Swiss bank UBS’s French unit was put under formal investigation on Friday in Paris for alleged complicity in suspected illegal business practices in France, a judicial source said. . .

http://www.reuters.com/article/2013/05/31/france-ubs-idUSL5N0EC40W20130531

Official sources have suggested that the so-called EU11 group of European nations is considering a climb-down over controversial proposals for a financial transactions tax (FTT). . .

http://www.tax-news.com/news/FTT_ScaleBack_On_The_Cards____60936.html

The former director-general of MI5 is to join HSBC’s board as a non-executive director in August. . .

http://www.bbc.co.uk/news/business-22737606#

One of the accounts belonging to seized digital money service Liberty Reserve was held by UK bank Barclays in Spain. . .

http://www.bbc.co.uk/news/business-22746768#

http://www.imf.org/external/pubs/ft/scr/2013/cr13133.pdf

http://www.imf.org/external/pubs/ft/scr/2013/cr13135.pdf

HSBC suffered an embarrassing 11% shareholder rebellion against its executive pay report on Friday. . .

http://hereisthecity.com/2013/05/28/hsbc-suffers-investor-revolt-over-pay/