Regulators block global exchange consolidation

Regulators and some lawmakers in Europe, the U.S. and Asia have fared little better, resorting at times to nationalist sentiment to block exchange consolidation, alongside analysis that at times seemed out of step with a world of round-the-clock global tr


Senate Bill Seeks to Replace $1 Bills with $1 Coins

On January 31, 2012, a bipartisan group of Senators introduced a bill which seeks to transition from $1 bills to $1 coins in order to save taxpayer money. The bill S. 2049 was introduced by Senators Tom Harkin and John McCain, and cosponsored by Senators


Swiss urge U.S. tax deal to shield other banks

Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.


Unrest with Basel III grows as regulation weighs on banks

Research to be released today by the Centre for the Study of Financial Innovation and PwC paints a grim picture of banking worldwide -- describing the system as sad, gloomy and "in peril" -- but also surprisingly reveals that Australian banks ar


RBS Defends Libor-Related Dismissal Of Singapore Trader

Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year.


Merrill Lynch Fined $1 Million for Bonus Clawbacks

“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre