U.K. Recession Deepens
As the world counts down to the opening of the Olympic Games in London on Friday, Londoners—and others in Britain—are dealing with an economy that in Q2 of this year slowed considerably more than expected.
Traders May Face Criminal Charges Over LIBOR
U.S. and European authorities are said to be close to making arrests and bringing criminal charges in the LIBOR manipulation scandal.
Regulators Question Interest Rates From Sweden to Singapore
Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.
BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
New Hire Roundup: Orizon Joins Mariner
This week in new hires, Mariner Wealth Advisors announced its acquisition of a majority interest in Orizon Investment Counsel’s wealth management division, and Lynne Ford joined Calvert Investments.
RBS Next to be Fined in LIBOR-Rigging Scheme
The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
Several recent elections in Europe were seen as a referendum on fiscal austerity (and fiscal discipline) and their results were presented as a mood shift in favor of more government spending and economic stimulus.
Poland: Biggest Bargain in Europe?
Poland isn’t key to Europe’s future, it may be Europe’s future.
New Hire Roundup: Harris Returns to Davis Polk; Citi Private Bank Welcomes Mohammed
This week in new hires, Davis Polk welcomed back Kim Harris and Nevada Mohammed joined Citi Private Bank’s Vancouver office.
China New Land of Expansion for Banks
Bank of America is setting its sights on China. After adding both staff and profit in its initial efforts there, it sees more opportunity in the huge Chinese economy than it does in other areas, where it is slashing staff and shuttering branches.