Company News



IMF: Time has come for big changes in banker pay

Banker compensation may get more complicated and have fewer zeroes if the International Monetary Fund has a say. . .

http://hereisthecity.com/en-gb/2014/10/06/imf-time-has-come-for-big-changes-in-banker-pay/



Bankers Targeted in $20 Billion Moldovan Laundering Case

Moldova plans to charge four or five bankers with money laundering, saying they helped shift as much as $20 billion in illicit cash from Russia to Latvia. . .

http://www.bloomberg.com/news/2014-09-30/bankers-targeted-in-20-billion-moldovan-laundering-case.html



Bankers’ pay withheld from Lord Hill’s remit

Jean-Claude Juncker has deprived Britain’s Lord Hill of lead responsibility for overseeing financial sector pay in a serious setback for London that will help disarm critics in the European parliament. . .

http://www.cnbc.com/id/102034890



Commerzbank said to be investigated over money laundering charges –

Germany’s second-largest lender Commerzbank AG  is being investigated by the Manhattan U.S. attorney for alleged violations of money-laundering laws, the Wall Street Journal reported.

http://uk.reuters.com/article/2014/09/27/uk-commerzbank-fraud-idUKKCN0HM00N20140927



Lloyds dismisses eight staff over Libor

Lloyds Banking Group has dismissed eight staff members following an investigation into the manipulation of some key interest rates set in London. . .

http://www.bbc.co.uk/news/business-29410742#