Company News



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#

 



Argentina found to be in contempt of court by US judge

A US judge has ruled that the Republic of Argentina is in contempt of court for refusing to obey an order to repay the debt it owes to two US hedge funds. . .

http://www.bbc.co.uk/news/business-29415608#



Banker Contracts Under Scrutiny as EBA Polices Bonus Cap

The European Union’s top regulator is poring through bankers’ contracts as it polices the bloc’s new bonus caps, according to two people familiar with the matter. . . .

http://www.bloomberg.com/news/2014-09-22/banker-contracts-under-scrutiny-as-eba-polices-bonus-cap.html



UBS Loses Court Appeal of $1.4 Billion French Bail Demand

UBS, Switzerland’s biggest bank, must pay a 1.1 billion-euro ($1.4 billion) security deposit required by French investigators, a Paris court ruled . . .

http://www.bloomberg.com/news/2014-09-22/ubs-loses-court-appeal-of-1-4-billion-french-bail-demand.html