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  • LONDON, Nov 14- The job of fixing flaws that led to the 2007-09 financial crisis is largely done and the focus will turn to spotting new risks and rebuilding trust among regulators, a global watchdog set up by the Group of 20 leading economies said on Friday. "The G20 has worked intensively over the past six years to correct the fault lines that led to the global...

  • DAKAR/ BRUSSELS, Nov 14- Medecins Sans Frontiers "wasted time" by waiting too long to call for vaccines to fight an unprecedented outbreak of Ebola in West Africa, a veteran of the medical charity told Reuters. The group's response to the epidemic which has so far killed more than 5,000 people has been widely praised by governments and the World Health Organization.

  • NEW YORK, Nov 13- A former vice president at Swiss private bank Rahn& Bodmer was indicted on Thursday in the United States on charges of conspiring to help Americans to evade taxes by using secret accounts. Martin Dunki, who retired from the bank in 2012, was charged with one count of conspiracy in an indictment filed in New York federal court. The bank was not named in...

  • NEW DELHI/ WASHINGTON/ GENEVA, Nov 13- India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms of global customs procedures. That put the WTO's future in doubt just months after it appeared to have overcome decades of stalemate on the issue at a meeting in Bali...

  • *OCC fines three U.S. banks, including Bank of America, $950 mln. LONDON/ ZURICH/ NEW YORK, Nov 12- Regulators fined six major banks including Citigroup and UBS a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation. HSBC, Royal Bank of Scotland, JP Morgan and Bank of America...

  • LONDON/ NEW YORK, Nov 12- Barclays did not join a $3.4 billion settlement over alleged manipulation of foreign exchange rates because of issues with its New York regulator, people familiar with the matter said. Barclays is overseen in New York by the Department of Financial Services, unlike five other banks which settled with British, U.S. and Swiss regulators.

  • LONDON, Nov 12- Barclays did not join a group settlement over the alleged manipulation of foreign exchange rates because of complications with its regulator in New York, people familiar with the matter said. London- based Barclays is regulated by the New York State Department of Financial Services, unlike any of the other five banks who agreed a $3.4 billion...

  • LONDON/ ZURICH, Nov 12- Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has...

  • LONDON/ ZURICH, Nov 12- Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup on Wednesday in a landmark settlement over allegations of price fixing in the foreign exchange market. Royal Bank of Scotland and JP Morgan were also fined for attempting to manipulate foreign exchange benchmarks in a...

  • LONDON/ WASHINGTON, Nov 11- British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market. At least one of the six banks set to be named early on Wednesday by Britain's Financial Conduct Authority was still in...

  • LONDON, Nov 11- British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation into allegations of collusion and manipulation in the foreign exchange market. However, at least one of the six banks set to be named early on Wednesday morning by Britain's Financial Conduct Authority...

  • Christian Katz, CEO of SIX Swiss Exchange, says that European companies are too reliant on banks for financing.

  • BEIJING, Nov 11- China and the United States have reached a breakthrough in talks on eliminating duties on information technology products, a deal that could pave the way for the first major tariff-cutting agreement at the World Trade Organisation in 17 years. "This is encouraging news for the U.S.- China relationship," Froman said on the sidelines of meetings of...

  • BEIJING, Nov 11- China and the United States have reached a breakthrough in talks aimed at eliminating duties on information technology products, United States Trade Representative Michael Froman said on Tuesday. The United States and other countries have been hopeful that China would sign on to the ITA, which requires signatories to eliminate duties on some...

  • BASEL, Switzerland/ LONDON, Nov 10- Banks may have to scrap dividends and rein in bonuses if they breach new rules designed to ensure that creditors rather than taxpayers pick up the bill when big lenders collapse. Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the rules, proposed on Monday, marked a watershed in putting an...

  • BASEL, Switzerland/ LONDON, Nov 10- Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the plans marked a watershed in ending banks that are too big to be allowed to fail.

  • FRANKFURT, Nov 6- Responding to a dizzying array of issues that threaten to break the Internet, from privacy to tax dodging to cybercrime, a group of the world's leading governance organisations say greater user involvement, not top-down control, is needed. Three organisations-- Brazil's Internet Steering Committee, Internet Corporation for Assigned Names and...

  • Maybe this central bank will bail out gold Thursday, 6 Nov 2014 | 11:04 AM ET
    A cyclist rides past the Swiss National Bank's headquarters in Bern, Switzerland.

    Blame gold's free fall on the Fed, but if a long-shot referendum passes it could be the Swiss National Bank that stops it.

  • *Ranbaxy says FDA revoked approval for copies of Nexium, Valcyte. *FDA said approvals were given "in error"- Ranbaxy. The FDA has also stripped Ranbaxy of tentative approval and six-month exclusivity for a copy of Roche Holding AG's antiviral Valcyte, a fresh blow to the Indian company that has been hit by a raft of regulatory bans over poor production quality.

  • *India wrecked trade deal, linking it to food aid. NEW DELHI/ GENEVA, Nov 5- India defied the world on Wednesday in a row over food stockpiling that has crippled attempts to reach a global trade agreement, raising doubts that backroom talks can reach a compromise before a Group of 20 summit this month. India wants to keep a so-called' peace clause' that protects its huge...