Traders questioned as NY probe of automated FX heats up


NEW YORK - New York's banking regulator has questioned dozens of traders and executives at Credit Suisse Group AG , Barclays , Deutsche Bank and other banks about whether their electronic foreign exchange trading platforms were rigged, according to a person familiar with the matter.


Nestle confirms in talks to merge international ice cream ops with R&R 05 Oct 2015

LONDON - Nestle is in "advanced discussions" to merge its international ice cream business with R&R Ice Cream, in its latest effort to refocus on other, higher-performing brands.


UK plans 2 billion pound Lloyds share sale to private investors 05 Oct 2015

LONDON - The Treasury said it will sell at least 2 billion pounds worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full private ownership.


Deutsche Bank to invest more to prevent money laundering - executive 02 Oct 2015

FRANKFURT - Deutsche Bank plans to invest more in technology to prevent money laundering, according to the head of the division that processes its transactions.

New UK lender Shawbrook hires top Santander executive as CEO 02 Oct 2015

- Newly listed British bank Shawbrook appointed as chief executive Steve Pateman, the head of UK banking at Santander who was last year passed over in the appointment of a chief executive at the Spanish lender's British arm.

Former star trader says UK watchdog 'shamed' him in Deutsche notice 01 Oct 2015

LONDON - Lawyers representing former Deutsche Bank star trader Christian Bittar on Thursday accused the UK watchdog of denying him his right of reply despite publicly "shaming" him with scant regard to protecting his identity when fining the German lender.


JPMorgan to bid for about 12 billion pound UK mortgage book - Bloomberg 01 Oct 2015

- JPMorgan Chase & Co plans to bid for about 12 billion pounds of mortgages being sold by the British government's "bad bank", Bloomberg reported on Thursday.


HSBC must face Chicago predatory lending lawsuit - judge 01 Oct 2015

- HSBC Holdings Plc must face a lawsuit accusing the British bank of violating the U.S. Fair Housing Act by engaging in predatory mortgage lending in the Chicago area, a federal judge in that city ruled on Wednesday.

Fired RBS trader says he was 'scapegoat' for FX fine 30 Sep 2015

LONDON - A former foreign exchange trader fired by Royal Bank of Scotland said he was a scapegoat and that the state-backed bank had "dishonestly contrived" his dismissal to divert attention from its own failings.


JPMorgan ordered to face London Whale class action in U.S. 30 Sep 2015

NEW YORK - JPMorgan Chase & Co shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the "London Whale" trading scandal, which caused a $6.2 billion (4.09 billion pounds) loss, as a class action.