Deutsche Bank AG and JPMorgan Chase & Co. agreed to pay a combined $148 million to resolve claims that they conspired to manipulate the benchmark yen Libor rate and said they will cooperate with investors suing other banks.
Germany’s largest lender Deutsche Bank is bracing for Brexit and will have to move jobs from London to its headquarters in Frankfurt, chief executive John Cryan has said.
SINGAPORE – The local unit of Liechtenstein private bank VP Bank plans to double headcount in Singapore in the next two to three years, Singapore chief executive Bruno Morel said.
China’s banking regulator told some lenders to lower the rates they offer on wealth-management products, people familiar with the matter said, as officials move to reduce financial risks and stimulate the economy.
BNP Paribas SA agreed to pay $246 million to settle Federal Reserve allegations that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices.
ZURICH (Reuters) – Switzerland’s EFG International (EFGN.S) and Brazil’s BTG Pactual (BPAC3.SA) have struck a deal on the final price for BSI Bank at just under 1 billion Swiss francs ($1.04 billion), after billions in outflows at BSI had pushed down the value of the transaction.
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