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It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m ($455 million US) fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions Jamie Doward The Guardian [UK] 30 June 2012 […] July 3rd, 2012 | Tags: Barclays Bank, Bob Diamond, Charles Schwab, Citibank, derivatives, Deutshe Bank, Euribor, fraud, HSBC, interest rates, Libor, Lloyds, Royal Bank of Scotland, UBS | Category: Asia, Banking and finance, corruption, Crime, Department of Justice, Europe, Great Britain, United States | Comments are closed
Bradley Keoun and Phil Kuntz Bloomberg 8/21/2011 Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those […] August 21st, 2011 | Tags: Bank of America, Ben Bernanke, Citigroup, Dexia SA, Dodd-Frank, Morgan Stanley, Royal Bank of Scotland, UBS | Category: Banking and finance, Federal Reserve, Goldman Sachs, TARP, Treasury Department | Comments are closed
Stevenson Jacobs and Daniel Wagner AP Business Writers Breitbart.com 4/19/2010 NEW YORK (AP) – Goldman Sachs stepped up its defense against civil fraud charges Monday, telling clients it did not withhold information in a complex transaction involving risky mortgage securities. But a big question was: Will other big investment banks face similar charges? In a […] April 20th, 2010 | Tags: Bank of America, Citigroup, Deutsche Bank, Merrill Lynch & Co., UBS | Category: banking regulations, Goldman Sachs, SEC | Comments are closed
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