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The U.K.'s chief financial regulator, Adair Turner, fed the flames of an incipient debate in monetary circles earlier this month by suggesting that central banks should consider breaching a long-standing taboo and print money to finance government
AFP/Getty Images) Deutsche Bank is fighting hard to re-establish its reputation and clean house. After a series of scandals, the bank is planning on suing an ex-trader to reclaim $50 million of his 2008 bonus. As part of our on-going internal
Recent revelations in Europe and the United States about cunning, corrupt and sometimes criminal ways that big banks and financial companies have used to make money are leading to a fine steam of moral indignation and outrage. Politicians and
City watchdog for mis-selling investment bonds to elderly people in care...The bank estimates that an additional £29.3m in compensation will be paid.
Globe and Mail Update Published Monday, Mar. 14, 2011 6:18PM EDT The pitch for the merger of the TMX Group X-T and the London Stock Exchange includes a promise that local regulation of the two bourses will continue while Canadian and U.K. companies
A delay in the publication of new rules on bonus payments means investment banks in the U.K. could have less than a month to digest and implement key decisions on how they pay their staff...Financial Services Authority will publish its definitive
Britain's financial regulator has banned the former finance director of mortgage lender Northern Rock — the country's first major casualty of the global credit crunch — and fined him 320,000 pounds ($500,000) for misreporting figures on loan arrears.<
The FSA fined Swiss investment bank Credit Suisse, market maker Getco Europe and broker Instinet Europe. "(The firms) committed multiple breaches that resulted in failure to provide transaction reports promptly and correctly," the FSA said. The data
U.K. financial authorities are consulting on ways to restart securitization markets as a way of improving financing conditions, but it is still vitally important that banks develop strategies to deal with the removal of state support in the coming
This copy is for your personal, non-commercial use only...Morgan Stanley Chief Legal Officer Gary Lynch is stepping down from the position as the firm retools its legal department to better confront regulatory uncertainty facing Wall Street.