(MENAFN - AFP) Large banks are moving closer to meeting their capital requirements under Basel III, the banking reforms imposed to avoid a repeat of the 2008 global financial crisis, a study found Thursday.
The Basel Committee, which monitors lenders' progress towards meeting the new rules, said that as of June 30 last year the 102 big international banks in its study ...
(MENAFN - AFP) Bank of America suspended a senior foreign exchange trader in the latest ripple from a global probe of foreign exchange market manipulation, a person familiar with the matter said Thursday.
BofA suspended London-based Joseph Landes, who oversees spot trading for Europe, Middle East and Africa.
Other leading banks, including Citigroup and Deutsche ...
(MENAFN - AFP) British aircraft engine maker Rolls-Royce revealed Thursday that it is facing a corruption probe in the United States as well as Britain.
"The group is currently under investigation by law enforcement agencies, primarily the Serious Fraud Office (SFO) in the UK and the US Department of Justice (DoJ)," the company said in its annual report.
(MENAFN - AFP) Negotiations over mackerel fishing quotas have fallen apart, Iceland said Thursday, extending a dispute dubbed "the mackerel war" that has been a thorny issue in the country's EU membership bid.
The European Union, Iceland, the Faroe Islands and Norway left a meeting in Edinburgh on Wednesday without reaching an agreement for 2014.