The European Commission fined banks Credit Agricole, HSBC and JP Morgan a total of €485m for their part in a cartel to fix the price of financial benchmarks linked to the euro.
Goldman Sachs named Mike Esposito chairman of its global financial institutions group, according to a memo obtained by IFR.
Bond investors and syndicate bankers are growing increasingly frustrated with each other as the already thorny topic of allocations and how to reward investors for their feedback is being further poisoned by new regulations.
The election of Donald Trump as US president does not necessarily mean the government will go easier on banks, a former adviser in outgoing President Barack Obama’s administration said.
Singapore’s central bank said it had penalised the local units of Standard Chartered and Coutts for money-laundering breaches related to Malaysia’s scandal-tainted 1MDB fund and proposed a 10-year ban for Tim Leissner, the former Goldman Sachs banker who managed the 1MDB relationship.