Company News



German ex-CEO of BayernLB bank guilty of bribery

A German court has given a suspended jail term to the ex-boss of BayernLB bank for having bribed Austrian far-right politician Joerg Haider in 2007. . .

http://www.bbc.co.uk/news/world-europe-29784554



Penalise ‘bad apple’ traders, suggests Bank of England

More should be done to punish traders who try to manipulate financial markets, the deputy governor of the Bank of England has said . . .

http://www.bbc.co.uk/news/business-29788270



RBS Set to Reach FX Settlement Within Year, CEO Says

Royal Bank of Scotland Group Plc could reach a settlement with authorities over the alleged rigging of foreign-exchange markets in the next six to 12 months, Chief Executive Officer Ross McEwan said. . .

http://www.bloomberg.com/news/2014-10-10/rbs-faces-cold-winter-as-fx-settlement-looms-ceo-says.html



UBS banker goes on trial

UBS’ Raoul Weil, who goes on trial in Florida on Tuesday, is accused of helping wealthy Americans evade millions in taxes. . .

http://hereisthecity.com/en-gb/2014/10/14/what-this-swiss-banker-could-reveal-at-his-trial/



Frequently asked questions on the Basel III leverage ratio framework

The Basel Committee on Banking Supervision has today issued frequently asked questions (FAQs) on the Basel III leverage ratio. To promote consistent global implementation of the requirements, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the standard and any interpretative guidance that may be necessary. . .

http://www.bis.org/publ/bcbs293.htm