01/30/2012
Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.
01/30/2012
Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.
01/26/2012
Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year.
01/25/2012
Greenko will use the funds primarily to support the development of the renewable power projects of the Greenko group as a whole and will benefit from Standard Chartered's strong expertise of providing debt solutions in the project finance sector.
01/20/2012
The transactions must be reported to the Financial Transaction Reports and Analysis Centre (PPATK).
01/20/2012
Switzerland’s biggest publicly traded private bank won the ruling at Singapore’s High Court last week, said the people, who weren’t authorized to speak publicly about the decision.
01/19/2012
It also led to the suicide of a Singapore warehouse manager, who was a star witness in the case and an employee of the warehousing company Fujitrans (Singapore).
01/19/2012
He deserved to be fired because he was guilty of “gross misconduct,” RBS, Britain’s biggest government-owned lender, said in court papers filed in Singapore High Court late yesterday.
01/18/2012
SBI Japannext, Chi-X Japan Ltd. and other new venues that display prices handled 5 percent of the trades in Topix Index stocks last year, the most since the platforms started in 2007, data compiled by Bloomberg shows.
01/16/2012
Ma Sin-chi, a managing director of Deutsche Bank in Hong Kong, appeared in court Thursday charged with accepting advantages following an investigation by the Independent Commission Against Corruption (ICAC).
01/13/2012
The office will also be staffed with (senior) associates.
01/13/2012
The Best Equity-Linked Deal honour goes to CFS Retail Property Trust, which issued in June 2011 a AUD300 million convertible bond (CB) to fund a concurrent tender offer for up to AUD300 million of the outstanding AUD595 million CBs due 2014. The deal, whi
01/12/2012
Chief executive Piyush Gupta, in his first public comments since the fraud, said: 'It (was) a 'skimming' scheme that can happen to any bank. In fact, frankly, it happens to banks all the time.
01/12/2012
White & Case is advising on US law aspects of the issue. Jakarta-based Thamrin & Rachman Law Firm is providing Indonesian counsel to the issuer, with Allen & Gledhill - which is currently in talks over a tie-up with Allen & Overy - providi
01/10/2012
RBS, Britain’s biggest government-owned lender, is co- operating with investigations by the U.S. Commodity Futures Trading Commission, the U.S. Department of Justice and the European Commission into whether Libor had been manipulated.
01/09/2012
In an order dated Jan. 5, the Securities and Exchange Board of India, or SEBI, said on its website it fined Manoj Gaur 1 million rupees (about $18,900) and an equal fine on his wife and brother for alleged insider trading.
01/09/2012
The CBDT fears that if these names are leaked and they are publicised, global financial bodies like OECD and other tax exchange treaty countries will either stop or grow reluctant to share such data with India as this will scare away foreign investors in
01/09/2012
The city’s de facto central bank said in a letter to financial institutions yesterday that they should explain to clients that so-called junior securities “bear higher risks” than senior debt. Subordinated debt doesn’t pay out in t
01/09/2012
Customers who used two of its standalone ATMs at Bugis Street over a three-day period in late November are likely to have had their card details and personal identification numbers (PINs) stolen, according to the bank's analysis of the fraud victims&
01/06/2012
The bank said it immediately de-activated the compromised cards and was taking steps to compensate customers in full.