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LONDON, March 5- The Bank of England revealed on Wednesday that allegations of rigging of world currency markets had been flagged as far back as mid-2006 as it suspended a staff member as part of a probe into what it knew about the alleged manipulation.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged as far back as mid-2006.
NEW YORK, Feb 4- As investigations into alleged manipulation of the global foreign exchange market advance, class actions against the world's biggest banks are piling up, exposing the banks to potentially billions of dollars in damages.
Jan 30- Invesco Ltd said on Thursday its fourth-quarter profit jumped 81 percent, boosted by strong markets and the sale of its Atlantic Trust Private Wealth Management unit. Excluding the sale of its Atlantic Trust unit, which Invesco sold to the Canadian Imperial Bank of Commerce for $210 million, the company earned 58 cents per share.
Jan 24- Shares in State Street Corp fell on Friday after the world's second-largest standalone custody bank reported operating results below expectations and said it could face rising regulatory costs.
Friday's midday movers:
U.S. stock prices could continue to correct, but it's too soon to say whether this is the big one.
Jan 24- State Street Corp, the world's second-largest standalone custody bank, said fourth-quarter profit rose 17 percent as its asset servicing business got a boost from stronger global stock markets. Net income rose to $545 million, or $1.22 per share, from $468 million, or $1.00 per share, a year earlier.
Net income rose to $545 million, or $1.22 per share, from $468 million, or $1.00 per share, a year earlier.
LONDON, Jan 16- The Bank of England discussed with top London currency dealers their process for setting foreign exchange rates more than a year before a global investigation into alleged manipulation, according to a document provided to Reuters by the bank.
LONDON Jan 15- Bank of England representatives discussed the process of setting foreign exchange benchmarks with senior currency dealers at major investment banks in April 2012, more than a year before regulators launched official probes into alleged rate manipulation, according to a Freedom of Information Request made by Reuters.
BOSTON, Dec 23- Bank of New York Mellon Corp will cut fees by $15.45 million to resolve a Massachusetts complaint over its handling of foreign exchange transactions, state officials said on Monday.
The Federal Reserve's approval of the rule sends a clear signal, bank analyst Mike Mayo of CLSA says.
The Financial Conduct Authority, along with watchdogs from the United States and Asia, is investigating if traders tried to rig foreign exchange benchmarks, such as the so-called London fixing at 4 p.m. each day, which is the nearest thing to a closing price in the 24- hour, self-regulated market.
Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.
NEW YORK, Nov 14- Moody's Investors Service cut the debt ratings for four big bank holding companies, including Morgan Stanley and JPMorgan Chase& Co, citing its increasing confidence that the U.S. government will not bail out the companies if they fail.
Amid Libor probes big banks are considering banning traders from online chat rooms seen by regulators as venues for collusion and market manipulation.
JPMorgan Chase, Credit Suisse Group and Citigroup Inc, among others, are reviewing chat room use over concerns that some of those forums are seen by regulators as potential venues for collusion and market manipulation.
NEW YORK, Oct 31- Asset manager Invesco Ltd said on Thursday that its third-quarter profit rose 34 percent as strong net inflows, primarily in its retail business, helped boost assets. Assets under management at Invesco grew by $39.9 billion during the quarter to total $745.5 billion at the end of September, a 12.4 percent increase from a year earlier.
SINGAPORE, Oct 24- Singapore's central bank said it was ready to assist in investigations into alleged manipulation of foreign exchange rates, potentially widening a probe in the $5.3 trillion- a-day FX market that already involves authorities in the United States, Britain, Switzerland and Hong Kong.