Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.» Read More
"You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the Dec. 29, 2008 email from chief financial officer Joel Sanders, according to investigators.
Former top executives of Dewey law firm were charged with fraud and theft for concealing from banks,investors and other lawyers.
In Britain- a global investment banking hub and home to most of Europe's top-earning bankers- the annual results season has seen a series of banks disclose payments are on the rise, angering some shareholders.
Manhattan District Attorney Cyrus Vance Jr described the former executives of "concocting and overseeing a massive effort to cook the books" at the law firm.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
PARIS, March 6- Bouygues on Thursday made an offer for larger telecom rival SFR, which promises a bigger potential payday for seller Vivendi than a competing offer from Numericable but has more regulatory risks.
LONDON, March 6- Business activity across emerging markets expanded in February at the slowest pace in five months, weighed down by weaker manufacturing in big developing countries such as Russia and China, a survey showed on Thursday.
NEW YORK, March 5- The red-hot US high-grade bond market priced US $19.3 billion more debt on Wednesday, pushing the week's tally so far to US $43.95 billion- the second-busiest week ever recorded. Only the week of September 13 2013 was bigger at US $65.265 billion- and that was due to Verizon's US $49 billion bond issue, the largest bond ever.
*Barclays CEO Jenkins could get 7.2 mln stg. *Barclays says 57 pct of its 1 mln stg club work in U.S. LONDON, March 5- Barclays paid almost 500 staff more than 1 million pounds last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.
LONDON, March 5- Following are key extracts from minutes of meetings between Bank of England officials and senior foreign exchange dealers in London between 2005 and 2013 showing a record of discussions going back to 2006 about possible manipulation of world currency rates around benchmark fixings.
NEW YORK, March 5- Service sectors around the globe mostly strengthened last month with Germany leading the way, although harsh winter weather put a damper on the massive U.S. non-manufacturing sector. In the United States, growth in the services sector eased to its slowest pace since February 2010, according to the Institute for Supply Management.
*Societe Generale says lawsuit's claims unsubstantiated. In the filing with the U.S. District Court in Manhattan dated March 3, New York resident Kevin Maher, who says he bought and sold gold and gold futures and options, alleged the banks overseeing the benchmark- Societe Generale, Deutsche Bank, Barclays, Bank of Nova Scotia and HSBC- colluded to manipulate it.
Led by Germany, euro zone businesses enjoyed their fastest growth rate in services- areas from banking to hairdressing- in more than 2-1/ 2 years. Data due later on Wednesday is expected to show a similar growth slow down in the United States.
LONDON, March 5- Gold was little changed on Wednesday as demand for safe assets cooled on easing fears of imminent military action by Russia in Ukraine, and traders waited for a new series of U.S. data for clues on the strength of the economy. The United States and Russia will hold talks over Ukraine on Wednesday.
*Gold steady after 1 pct overnight fall. SINGAPORE, March 5- Gold was little changed on Wednesday as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine, and as traders waited for U.S. data for clues on the strength of the economy.
BEIJING, March 5- China announced on Wednesday it would maintain its economic growth target for 2014 at about 7.5 percent, as expected, signalling that its policy focus would be slanted in favour of reforms and rebalancing the economy.
*China growth hit by falling export orders. LONDON/ BEIJING/ NEW YORK, March 3- Manufacturing growth in Europe and Asia slowed last month, pressured by falling demand from abroad, while the United States bucked the trend with manufacturing expanding at its fastest pace in over three years.
*Russia strengthens control over Crimea, calls U.N. meeting. The U.N. Security Council announced it will hold its third emergency meeting on the Ukraine crisis on Monday, this time at Russia's request, as Moscow tightens its hold on Crimea, diplomats said.
*U.S. factory activity at highest since May 2010: Markit. LONDON/ BEIJING/ NEW YORK, March 3- Manufacturing growth in Europe and Asia eased last month, pressured by falling demand from abroad, while the United States bucked the trend with growth jumping to its highest in more than three years.
LONDON/ BEIJING, March 3- Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/ 2 year high.