Bruised and grumbling, foreign banks bend to U.S. rules
LONDON/HONG KONG (Reuters) - Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the...
All Stories
BNP said to move compliance operations to U.S. as settlement nears
NEW YORK/WASHINGTON (Reuters) - BNP Paribas SA is relocating its U.S. sanctions compliance operations to New York from Paris, ahead of a nearly $9 billion settlement it is expected to...
Barclays slapped with $44 million fine over gold price fix
LONDON (Reuters) - Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just...
Wells Fargo sets up in Aberdeen as part of UK expansion
LONDON (Reuters) - Wells Fargo , the world's biggest bank by market value, this week opened an office in Aberdeen to tap into oil industry business on Scotland's east coast...
Legal claims over RBS cash call near 4 billion pounds
LONDON (Reuters) - Hundreds more investors have joined an unprecedented group legal action against Royal Bank of Scotland, alleging they were misled during an emergency cash call in 2008, and...
RBS’s former U.S. boss paid $7.5 million last year
LONDON (Reuters) - The boss of state-backed Royal Bank of Scotland's U.S. arm Citizens was paid $7.5 million last year, including $500,000 in consultancy fees for three months after she...
RBS’s former U.S. boss paid $7.5 million last year
LONDON (Reuters) - The former boss of state-backed Royal Bank of Scotland's U.S. arm Citizens was paid $7.5 million last year, including $500,000 in consultancy fees for three months after...
Barclays sees generational shift, rivals smell blood
LONDON (Reuters) - Where Barclays sees a "generational shift", its investment bank rivals are smelling blood. The British bank, which under former chief Bob Diamond poached top staff and customers...
StanChart investors rebel over pay plan after profit falls
HONG KONG/LONDON (Reuters) - Asia-focused bank Standard Chartered saw more than 40 percent of its shareholders oppose its pay plan on Thursday, hours after the bank posted a drop in...
Barclays axes 19,000 jobs, reins in Wall Street ambitions
LONDON (Reuters) - Britain's Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail roots with a plan to hive...