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Deutsche pays a high price for being late to confess to Libor sins
Deutsche Bank AG DB is paying a heavy price for its refusal to realize how much the 2008 crisis had changed its world. The only question is whether the price ($2.52 billion) is high enough. It’s not...
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UBS pays $545 million to settle FX rigging claims; others to follow
Swiss banking giant UBS AG UBS has become the latest bank to offer a guilty plea to the Department of Justice as part of a $545 million settlement over manipulation of financial markets. The bank said...
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137 Punished for Graft at China’s Biggest Bank
One hundred and thirty seven staff at China's biggest state-owned bank, Industrial and Commercial Bank of China, ICBC, have been disciplined as part of the country's broad anti-corruption crackdown....
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Porsche Bosses Cleared of Manipulating Share Price
A German court has acquitted the former CEO and CFO of sports car maker Porsche poahy of manipulating the company’s share price during its takeover battle with Volkswagen vlkay , dealing a serious blow...
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