Banks with assets totalling $47 trillion adopt new U.N.-backed climate principles
Banks with more than $47 trillion in assets, or a third of the global industry, on Sunday adopted new U.N.-backed "responsible banking" principles to fight climate change that will shift their loan books away from fossil fuels. Deutsche Bank, Citigroup and Barclays were among 130 ...
EU fines Japan's MUFG and four U.S. and British banks €1.07 billion over forex cartel
The European Union on Thursday fined MUFG Bank and four major British and U.S. banks a total of €1.07 billion (¥131 billion; $1.2 billion) for rigging the spot foreign exchange market for 11 currencies. The European Commission, the executive organ of the European Union, found ...
New York trader pleads guilty to paying thousands in bribes for lucrative IPO tips
A New York stock trader pleaded guilty to paying thousands of dollars in cash bribes to a broker at an investment banking firm in exchange for preferential access to lucrative IPOs, New Jersey U.S. Attorney Craig Carpenito said.Adam Rentzer, 52, of Roslyn, New York, ...
Barclays on a hiring binge in Japan after cash equity exit
Barclays PLC is on a hiring spree to boost its investment banking and market operations in Japan, one year after it shut its cash equity business and cut 120 jobs. The U.K. firm plans to hire more than 10 bankers and sales staff this fiscal ...
Barclays sees Nikkei hitting 22,000 if Abe stirs animal spirits
Prime Minister Shinzo Abe's focus on reviving confidence to spur economic growth means he will drive the Nikkei 225 stock average toward 22,000 next year, a level unseen since 1996, according to Barclays PLC. "If the audience is Mom and Dad, the main game is ...
