Gurgaon police on Thursday arrested Citibank relationship manager Shivraj Puri, who alleged masterminded a major fraud in one of the bank’s branch in the north Indian state of Haryana.
JPMorgan Chase & Co and Barclays Plc dropped their opposition to MBIA Inc's plan to restructure its businesses.
Wholesale-market Gold Investment bullion-bar prices slipped back to an overnight low beneath $1380 per ounce Thursday lunchtime in London, trading 0.5% down for the week as world equities crept higher and the US Dollar eased back on the forex market.
Dutch financial institutions, many of which were hit in the 2008 crisis, are likely be on the list of global too-big-to-fail banks and will need to meet new extra capital requirements, the central bank said on Wednesday. Regulators and central bankers, headed by the Basel Committee on Banking Supervision, are still debating which global banks should be considered systemically important fin...
Dutch bank ABN AMRO
said on Saturday a $270 million claim filed against it by a trustee seeking to recoup money for victims of Bernard Madoff related to operations now owned by British bank RBS .Royal Bank of Scotland is planning to cut around 500 jobs at its investment banking arm, a source with knowledge of the matter said on Tuesday.
Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
A healthier loan book drove higher second-quarter profits at Royal Bank of Scotland , echoing a pattern set by rivals' results this week, and the bailed-out group said its revival plan was on track.
Mitsubishi UFJ Financial Group <8306.T> plans to buy BNP Paribas' stake in a Chinese fund venture for $50 million, giving Japan's biggest bank access to China's $300 billion mutual funds market, two sources with direct knowledge of the deal said on Monday.
Royal Bank of Scotland may pursue Goldman Sachs for hundreds of millions of dollars to add to $100 million it got as part of a settlement over the marketing of a subprime mortgage product.
The chief executive of nationalized Dutch bank ABN AMRO said it was unlikely the state would recover the full 30 billion euros ($36.8 billion) it has spent buying and supporting the bank, sparking calls for new parliamentary hearings into the aid.
U.S. prosecutors have accused ABN Amro, now largely part of Royal Bank of Scotland , of turning a blind eye to U.S. laws, using special procedures to bypass U.S. sanctions against Cuba, Iran and other countries.
Royal Bank of Scotland beat expectations with a return to profit in the first quarter as bad debts continued to shrink, even as investment banking earnings more than halved from its strong start to last year.
Goldman Sachs Group Inc faced rising regulatory and legal pressure on Monday as allegations that the bank duped clients fueled momentum for regulatory reform on both sides of the Atlantic.
Goldman Sachs may face legal action from German bank IKB and could be pursued by regulators in Germany and Britain after the U.S. investment bank was accused of duping clients.
