Key regulation of financial services
Recording uncovered by BBC
The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.
The first criminal trial over LIBOR rigging begins in London today as Tom Hayes, former trader at UBS and Citigroup, appears in court charged with eight counts of conspiring to manipulate the lending rate.
Deutsche Bank shareholders voiced their lack of confidence in the company's leadership during its annual meeting yesterday, with 39% voting against approving the performance of the group's co-chief executives.
The Financial Conduct Authority (FCA) has handed Deutsche Bank a £227m fine, its largest ever for LIBOR and EURIBOR-related misconduct, because the bank tried to hamper investigations by misleading the regulator.
The Financial Conduct Authority (FCA) has banned former Rabobank trader Paul Robson from the UK financial services industry for LIBOR manipulation.
Banking stocks have underperformed at a time when they should be considered a prime investment. Instead, pseudo-banks are emerging as the real game-changers, says Walker Crips' Chris Kitchenham