EU to fine ICAP over yen cartels: Financial Times
ICAP, the world's largest interdealer broker, will be fined by the EU this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, the Financial Times reported.
Business
Standard & Poor's has reached a $125 million settlement with California's public pension system, Calpers, to resolve a case involving inflated grades of residential mortgage deals that later faltered, the Wall Street Journal reported, citing people familiar with the situation.
The head of Julius Baer said on Monday he was confident the Swiss bank would resolve this year a U.S. probe for allegedly helping wealthy Americans to evade taxes with hidden offshore accounts.
The U.S. Department of Justice is investigating Moody's Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
More News
