By Douwe Miedema WASHINGTON, July 21 (Reuters) - The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities. The banks sold complex option products to Renaissance Technology
Read moreConcerns had been raised months before the New York attorney general alleged in June that Barclays lied to clients about the extent of predatory trading activity on the electronic trading venue,The Wall Street Journal reported on Monday. Stocks in Barclays slid as sources told the newspaper that tr
Read moreLONDON, July 21 (Reuters) - Britain's competition watchdog should take a hard line and be prepared to shake up the banking industry to improve services for customers, a leading lawmaker said on Monday, saying he was fed up with years of inaction. "There are millions of banking customers who
Read more(Releads with latest trading data, background) NEW YORK/LONDON, July 21 (Reuters) - Trading activity has slumped in Barclays Plc's U.S. share trading venue after New York's attorney general accused the British bank of misleading its customers and giving an unfair edge to high-speed traders.
Read moreBy Henry Engler NEW YORK, July 21 (Reuters) - BNP Paribas SA's $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks. The U.S. Securities and Exch
Read moreJuly 21 (Reuters) - Volume in Barclays Plc's private U.S. trading venue, or "dark pool," fell 79 percent in the week and a half after the New York attorney general accused the British bank of giving an unfair edge to high-speed traders, according to data released on Monday. The number of sh
Read moreJuly 20 (Reuters) - Trading firms and employees raised concerns about high-speed traders at Barclays Plc's "dark pool" months before the United States accused the bank of favoring its high-frequency trading clients, the Wall Street Journal reported, citing people familiar with the firms. N
Read more-- Source link: (http://on.wsj.com/1tocIWT) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more** The latest i-bank earnings season show June proved something of a reprieve for FICC revenues after the almost endless string of grim news this year. ** The trading environment remains a difficult one and the "beats" are more likely a case of under-promising & over-delivering. ** MS
Read moreBy Aimee Donnellan LONDON, July 18 (IFR) - Royal Bank of Scotland has lost two senior debt capital markets bankers and promoted Tim Skeet to head of covered bond origination as part of a reshuffle of its financials business. Skeet, who is responsible for Nordic financial institutions
Read more- Markets react to shooting down of Malaysia Airlines plane - Gaza fighting also weighing on sentiment - Shire and AbbVie strike £32bn takeover deal - UK competition watchdog orders banking probe techMARK 2,787.48 -0.41% FTSE 100 6,706.45 -0.47% FTSE 250 15,448.43 -0.68% Global geopolitical tensio
Read more(Adds comments from CEO, context) By Steve Slater LONDON, July 18 (Reuters) - An investigation into alleged manipulation of foreign exchange markets could pose a bigger problem for banks than the Libor interest rate rigging scandal, the boss of Royal Bank of Scotland said on Friday.Read more
* Watchdog set to launch full investigation in autumn * Could force divestments in 2016; Lloyds, RBS most at risk * Lack of competition in current accounts, business banking * Big 4 banks have 77 pct of current accounts, 85 pct of business accounts * RBS falls 1.7 pct, Llo
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