Barclays Names New Compliance ChiefDecember 12, 2012Barclays has appointed
Hector Sants, former boss of British regulator the Financial
Services Authority, to oversee its compliance and relationship
with governments and regulators as it looks to repair its
Deutsche Bank Directors to Question BoardDecember 07, 2012Deutsche Bank's
directors will question the management board over claims the
lender failed to recognise billions of euros in unrealised
losses during the financial crisis, two sources said.
Apple, Samsung Spar in Court, Ruling to ComeDecember 06, 2012Apple Inc and
Samsung Electronics squared off again in court on
Thursday, as the iPhone maker tried to convince a U.S. district
judge to ban sales of a number of the South Korean company's
devices and defended its $1.05 billion jury award.
Number of Undercapitalized Banks FallingDecember 06, 2012Data from research firm SNL Financial shows that the number of undercapitalized banks has fallen to the lowest number in more than three years.
Standard Chartered Fined $330 Million in Iran ProbeDecember 06, 2012Standard Chartered
expects to pay $330 million to settle a case with U.S.
regulators for breaking sanctions on Iran, the Asian-focused
bank said on Thursday, a second such penalty which could almost
wipe out its profit growth this year.
SEC Charges Wells Fargo Banker, 9 Others With Insider TradingDecember 05, 2012U.S. securities regulators
charged a Wells Fargo investment banker and nine others
with fraud on Wednesday in connection with their alleged role in
an insider-trading ring that earned more than $11 million by
trading on tips about impending mergers.
U.S. Bank to Offer Mitek's Mobile Photo Bill PayDecember 05, 2012U.S. Bank announced today that it will begin offering Mitek's Mobile Photo Bill Pay solution that allows customers to pay bills by taking a photo with their mobile device early next year.
Citi to Cut 11,000 EmployeesDecember 05, 2012The layoffs are part of a company-wide restructuring plan; technology and operations units will be affected.
French Banks Eye U.S. Expansion After Year of CutsDecember 05, 2012France's top banks are taking
advantage of calmer markets to return to expanding in the United
States, a year after deep cuts to their investment banks saw
them lose ground to rivals in the world's biggest financial