European equities closed higher, with investor sentiment boosted by a reshuffle of the team of Greek officials that are negotiating with its creditors.» Read More
March 11- A bond trader pleaded guilty on Wednesday to conspiring to defraud Royal Bank of Scotland Group Plc customers by lying about the prices of bond transactions he handled for them in an effort to boost the bank's profit. Matthew Katke, 34, of New York, pleaded guilty to one count of conspiracy to commit securities fraud and will cooperate with prosecutors,...
Attorney Deirdre Daly in Connecticut said. Matthew Katke, the trader, is expected to enter his plea in the federal court in Hartford, Connecticut. According to financial industry records, Katke joined Nomura in August 2013 after having spent five years at Royal Bank of Scotland Group Plc, and six years before that at Bear Stearns Cos.
The country's traditional drivers of growth — manufacturing and real estate— are now among the biggest threats to China's economy.
In a letter filed in Manhattan federal court late on Monday, the Justice Department said the plaintiffs agreed to a six-month stay, with a few exceptions, on depositions and document exchanges. Banks including JPMorgan Chase& Co, Royal Bank of Scotland Group Plc, Citigroup Inc and UBS AG have meanwhile disclosed related investigations by the Justice Department.
The long-standing problem in British lending is holding businesses back but the tide is starting to turn, the U.K.'s Business Secretary told CNBC.
With just a few key economic reports due next week, markets could be buffeted more by expectations the Fed could move sooner on interest rates.
Europe shares end mixed after US jobs data
The euro dropped sharply ahead of the ECB policy meeting, and some analysts see a rapid decline to parity against the U.S. dollar.
European equities finished higher on Wednesday as investors geared up for the European Central Bank's policy meeting on Thursday.
U.K bank Barclays posted a loss in its full-year earnings on Tuesday as it set aside more money for potential fines.
The Chinese central bank's second rate cut in three months is insufficient, and more easing steps are needed, say economists.
A New York banking regulator's probe of Barclays' forex business is holding up a settlement of currency rate-rigging allegations, the FT reports.
European equities rallied on Thursday, closing nearly 1 percent higher as investors reacted to a raft of corporate earnings and fresh economic data.
Some of the names on the move ahead of the open.
RBS reported an annual net loss of £3.47 billion ($5.39 billion) in 2014 after booking a £4 billion writedown in the value of U.S. offshoot Citizens.
Gallagher's comments mark the latest twist in a saga at the SEC that started last spring, when the agency's two Democratic commissioners, Kara Stein and Luis Aguilar, balked at approving a waiver for the Royal Bank of Scotland after one of its units pleaded guilty to manipulating the Libor interest rate benchmark. In some cases, firms are disqualified...
NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...
*Euro short positions consolidating, keeps steady vs. dollar. NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for...
NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for dollar strength is still in place as a long-term theme, "said Brian...
NEW YORK, Jan 29- U.S. prosecutors said on Thursday they will drop charges against five men accused of insider trading ahead of an IBM Corp acquisition after an appellate court ruling limited the ability of authorities to pursue such cases. Attorney Preet Bharara in Manhattan said they would submit paperwork by Feb. 4 to drop the charges after U.S.