Ex-Goldman exec Tourre liable for duping investors

Business Aug 2, 2013

Ex-Goldman exec Tourre liable for duping investors

A federal jury found former Goldman Sachs executive Fabrice Tourre liable on Thursday for duping investors about a shoddy mortgage deal on the eve of the housing market's crash, the first major court victory for the Securities and Exchange Commission in its quest to ...

NYSE Euronext to take over Libor oversight

Business / Financial Markets Jul 10, 2013

NYSE Euronext to take over Libor oversight

Britain will hand over administration of the London interbank offered rate (Libor) to the operator of the New York Stock Exchange as regulators try to revive confidence in the scandal-hit benchmark. NYSE Euronext will replace the British Bankers' Association (BBA) as Libor's administrator in early ...

Fed approves rules requiring banks to set aside more capital

Business Jul 3, 2013

Fed approves rules requiring banks to set aside more capital

The Federal Reserve Board on Tuesday ordered banks to set aside more capital as a cushion against losses, bringing the United States in line with developing international standards and opening the door for a set of tougher rules for the nation's biggest financial institutions. Almost ...

Business Jul 3, 2013

MUFG seeks Ayudhya deal in July

Mitsubishi UFJ Financial Group Inc. is seeking to strike a deal for control of Thailand's Bank of Ayudhya Pcl as soon as this month, two sources said. Japan's biggest bank plans to acquire about half of Bank of Ayudhya through a tender offer to shareholders, ...

King's legacy at BOE: a broken economy

Business | ANALYSIS Jun 8, 2013

King's legacy at BOE: a broken economy

by Neil Irwin

It is the end of an era on Threadneedle Street, the narrow street in the City of London from which the Bank of England has for centuries lorded over the British economy. When the bank's Monetary Policy Committee announced no change to its policies ...