Top 10 Global Cities Creating U.S. Jobs
A recent Brookings report determined the top 10 global city-regions making direct investments, and employing workers, in the United States.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
SEC, FINRA Enforcement: 3 Busted in Fake Movie Scam
Former Merrill broker gets 10 years for Ponzi scheme; RBS settles mortgage-backed securities suit for $275 million.
SEC Enforcement: RBS Securities to Pay $150M for Misleading Investors
Among other recent SEC actions was an emergency freeze order in a scheme involving phony investments in New Zealand dialysis clinics.
RBS May Face Fines on LIBOR
The investigation of RBS by regulators in Britain and in the U.S. over the LIBOR rigging scandal could obscure the bank's performance.
EU Group Calls for Firewall on Risky Investment Banking
An EU advisory group said that the risks of investment banking should be separated from retail banking activities as a means of protecting depositors and taxpayers.
RBS Managers Condoned LIBOR Manipulation: Report
Between 2007 and 2010 it was common for not just RBS traders but their managers as well to push the rate up or down to boost derivatives profits, Bloomberg said.
LIBOR Likely Not Only Benchmark Manipulated: Regulators
A confidential IOSCO discussion paper said fewer than half the benchmark interest rates examined in the U.S., Europe and Asia were arrived at via actual transactions.
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.