Wednesday 19 June 2013
 
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Scandal

RBS fined $615 million for rate rigging

  Britain's Royal Bank of Scotland will pay US and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates.

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RBS facing fines over interest rate scam

Royal Bank of Scotland (RBS) is facing the increasing likelihood of having to settle separately with UK and US authorities investigating its involvement in the global interest rate-setting scandal, the Sunday Telegraph said. The B

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Top US commander in Afghanistan under probe

  The top US commander in Afghanistan, General John Allen, is under investigation for allegedly inappropriate communication with a woman at the centre of the scandal involving former CIA Director David Petraeus, a senior US defen

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Barclays hit by fresh US investigations

Barclays, already rocked by an interest rate rigging scandal, unveiled new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance. Its share

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Barclays chief quits over rate-fixing scandal

Barclays chairman Marcus Agius quit on Monday, saying "the buck stops with me" after an interest rate rigging scandal that has dealt "a devastating blow" to the bank's reputation. Agius, chairman of Britain's third biggest bank for 5-1/2 y

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James Murdoch quits Sotheby's

News Corp executive James Murdoch, under pressure over his role in Britain's tabloid phone hacking scandal, is stepping down from the board of Sotheby's, the auction house has said. In a filing to the US Securities and Exchange Com

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News Corp to launch 'Sun on Sunday'

News International, the British newspaper arm of Rupert Murdoch's News Corp group, has announced that it would publish a Sunday edition of Britain's scandal-hit Sun tabloid for the first time next weekend. In an internal memo to al

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News Corp to launch 'Sun on Sunday'

News International, the British newspaper arm of Rupert Murdoch's News Corp group, has announced that it would publish a Sunday edition of Britain's scandal-hit Sun tabloid for the first time next weekend. In an internal memo to al

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32 stand trial in Iran's biggest banking fraud

Thirty-two people suspected of involvement in a multi-billion dollar banking fraud with alleged links to the government of Iranian president Mahmoud Ahmadinejad have gone on trial in Tehran, the Iranian state news agency reported. The rec

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Japan boosts merger rules after Olympus scam

Japan signalled plans to strengthen disclosure rules on mergers and acquisitions (M&A) after a $1.7 billion accounting fraud at Olympus Corporation, one of the nation's worst corporate scandals, which involved a series of shady deals.

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