A further nine banks have received subpoenas relating to the investigation into alleged manipulation of the London interbank offered rate (LIBOR).
Eric Schneiderman, New York attorney-general, and George Jepsen, Connecticut attorney-general, issued subpoenas during August and September to Bank of America (BofA), Bank of Tokyo Mitsubishi, Credit Suisse, Lloyds, Rabobank, Royal Bank of Canada, Société Générale (SocGen), Norinchukin Bank and WestLB, but these have not been reported before now.
The latest actions bring the number of banks under examination by the two state prosecutors to 16; subpoenas having previously been issued to Deutsche Bank, Citigroup, JP Morgan Chase, RBS, Barclays, HSBC and UBS.
has already paid US$452.5m to US and UK regulators as part of a settlement in which it admitted that executives and traders had manipulated LIBOR. The deal was followed by the resignation of chief executive officer (CEO)
Despite the data protection regulation being implemented in 2018, 69% of IT decision makers don’t have the backing of their board to achieve GDPR compliance, according to Calligo.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more