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  • After the public consultation ends in September, Basel will decide on which approach to chose and when the first global bank capital rule of its kind would take effect. Basel said its review of how banks treat the impact of interest rate risks on their main banking book was aimed at making sure lenders hold enough capital to cover potential losses from exposures...

  • June 8- The Basel Committee has proposed two options to require banks to set aside more capital to cover risks from changes in interest rates. Basel, a group of banking regulators from nearly 30 countries, set out the two options in a document for public consultation. The options comprise a mandatory minimum capital surcharge and a capital-add on at the...

  • *Actelion shares up 7 percent at all-time high. *Shire a serial acquirer; Actelion unwilling seller in past. LONDON, June 8- Shares in Actelion, Europe's biggest biotech company, jumped 7 percent to a record high on Monday after a report Shire was considering a $18 billion takeover of the Swiss group to boost its rare diseases business.

  • NEW YORK, June 4- The U.S. Securities and Exchange Commission is investigating allegations that Andrew Liveris, chairman and chief executive officer of industrial giant Dow Chemical Co, misused company funds for personal benefit, according to people familiar with the matter. It is not clear whether the SEC investigation is limited to the spending allegations...

  • *HSBC to pay 40 mln Sfr to settle Geneva probe. ZURICH/ GENEVA, June 4- HSBC agreed on Thursday to pay Geneva authorities 40 million Swiss francs to settle a money laundering investigation at its Swiss private bank, one of a number of probes facing its Geneva- based wealth manager. Following four months of inquiries, Geneva authorities said they had closed their...

  • June 3- German chemicals group BASF SE is considering a potential offer for Syngenta AG, its Swiss rival which has received a $45 billion takeover offer from Monsanto Co, people familiar with the matter said on Wednesday. BASF, Syngenta and Monsanto declined to comment. BASF is also a potential buyer of Syngenta's seed business should Monsanto agree to a deal with...

  • WASHINGTON, June 3- Two more Swiss banks, Rothschild Bank AG and Banca Credinvest SA, settled with U.S. authorities as part of a voluntary program to avoid prosecution over allegations they helped Americans evade taxes, the U.S. Justice Department said on Wednesday. Rothschild Bank will pay $11.5 million and Banca Credinvest will pay $3 million to resolve the...

  • Two more Swiss banks settle with U.S. over tax offenses Wednesday, 3 Jun 2015 | 11:02 AM ET

    WASHINGTON, June 3- Two more Swiss banks, Rothschild Bank AG and Banca Credinvest SA, have settled with U.S. authorities over tax offenses under a voluntary program to avoid prosecution, the Justice Department said on Wednesday. Zurich- based Rothschild Bank AG will pay $11.51 million and Banca Credinvest SA $3 million to resolve allegations that they helped...

  • This week's letter calling for a global carbon pricing by Europe's Statoil, Total, BP, Shell as well as ENI and BG showed first signs of such an agreement, albeit without the support of U.S. peers Exxon Mobil and Chevron. "While we have had discussions with European majors, and we wish them well, we don't believe we need to join this scheme," said Exxon Mobil...

  • *India returned to Iran for imports after hiatus. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.17 million bpd last month, down 4.1 percent on year and the highest since hitting 1.21 million bpd in December, government and tanker-tracking data showed. Iran, the United States, Britain, France, Germany, Russia and China reached a...

  • Can FIFA wash its hands of blame? Thursday, 28 May 2015 | 10:56 PM ET

    The corruption scandal at football's governing body doesn't involve entities under the soccer group's control, a former candidate for FIFA's top spot said.

  • WASHINGTON/ NEW YORK, May 28- Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. The banks are Societe Generale Private Banking, MediBank AG, LBBW AG, and Scobag Privatbank AG. The banks settled under a voluntary program the Justice Department...

  • ZURICH, May 28- No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. In a fifth floor office just off Zurich's main shopping street, researchers at UBS are testing dozens of technologies to see what could...

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • ZURICH, May 22- Top UBS executives and board members this week sold shares in the Swiss bank worth 23.8 million Swiss francs, according to the Swiss stock exchange. In seven separate transactions, 1.167 million shares in total were sold on Thursday, shortly after the Zurich- based bank's stock rose to its highest in six-and-a-half years following a...

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • SINGAPORE, May 21- U.S crude futures eased towards $58.50 a barrel on Thursday as concerns over a supply glut and a strong dollar weighed on prices, but a steeper than expected draw on crude inventories put a floor under prices. *U.S. crude for July delivery fell 20 cents to $58.78 a barrel as of 0005 GMT after settling up 99 cents in the previous session.

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • *Barclays fined $2.4 bln, fires 8 employees. Citi, Barclays, JP Morgan and RBS plead guilty. Citigroup Inc, JPMorgan Chase& Co, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.