By Jonathan Stempel NEW YORK, Oct 31 (Reuters) - Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages. In a complaint filed in the U.S. District Court in Manhattan, the gove
Read moreBy Adam Tempkin NEW YORK, Oct 31 (IFR) - Barclays has promoted Martin Attea to co-head of its US securitized-products group, replacing Diane Rinnovatore, who has left the firm after 16 years, according to sources familiar with the matter. Attea, who was formerly a senior originator of
Read moreNEW YORK, Oct 31 (Reuters) - Fannie Mae on Thursday sued nine banks alleging manipulation of interest rates. The mortgage finance company filed its lawsuit in the U.S. District Court in Manhattan. Smaller rival Freddie Mac filed a similar lawsuit in March against more than a dozen banks.Read more
LONDON, Oct 31 (Reuters) - Citigroup has put its head of European spot currency trading in London, Rohan Ramchandani, on leave, as a global investigation into possible manipulation of foreign exchange rates gathers steam, a source familiar with the matter said on Thursday. The move was mutu
Read more* Top banks see slide in trading revenue * Fixed income, currency trading the main losers * Equity deals take bigger slice of trading pie * Trend to continue into year-end By Simon Jessop and Toni Vorobyova LONDON, Oct 31 (Reuters) - Europe's leading investment banks
Read moreAfrican Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreGoogle on Wednesday declared that it was "outraged" by apparent US government attempts to siphon information about millions of its users from its network, as the latest revelations in the internet surveillance scandal left it struggling to reassure its global users about the security of their person
Read moreBy Steve Slater LONDON, Oct 31 (Reuters) - The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators. This week alone, Deutsche Bank, UBS and Lloyds revealed mo
Read moreLONDON, Oct 30 (Reuters) - JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer. This mirrors developments at Standard Chartered, whic
Read moreLONDON, Oct 30 (Reuters) - JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday. This mirrors developments at Standard Chartered, which has also put one of its senior FX traders on leave, according to a source fa
Read more- FTSE closes almost flat, erasing earlier gains - Tracking loses seen in US ahead of Fed decision - Next holds onto position in top spot, Standard Life leads fallers techMARK 2,665.02 +0.34% FTSE 100 6,777.70 +0.04% FTSE 250 15,582.96 +0.31% The FTSE beat a hasty retreat this afternoon erasing m
Read moreBy Olivia Oran and Greg Roumeliotis and Soyoung Kim Oct 30 (Reuters) - National Vision Inc is exploring a sale that could value the fourth largest retailer of eyeglasses and contact lenses in the United States at around $1 billion, three people familiar with the matter said this week.