The UK government has said it will grant full access to documents concerning the collapse of the Co-op Bank to those carrying out an independent review into the lender, which ended up being taken over by its bondholders last year via a £700m recapitalisation exercise.
(Reuters) Royal Bank of Scotland will pay US$4.9bn to settle US claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the US Justice Department said on Tuesday.
The value of busted M&A transactions is set to rise as a pair of multi-billion dollar deals fall by the wayside leaving investment bankers licking their wounds.
Ten international banks are being sued for conspiring to fix prices of Mexican government bonds over an 11-year period, in a class action lawsuit in New York that could open up bond trading as another potential area of banking misconduct.
India is to invite foreign and domestic investors to support an initiative to clean up major bad debts in the country’s banking system, following recommendations from a banking committee led by Punjab National Bank chairman Sunil Mehta.