The European Commission has filed complaints against JPMorgan Chase & Co, HSBC Holdings Plc and Credit Agricole SA for being in a cartel involving the manipulation of interbank lending rates in Europe, Bloomberg reported.
Yesterday, BP Plc has lost its bid for a full appeals court in New Orleans to reconsider its argument that the claims administrator of its $9.2 billion Gulf of Mexico oil spill settlement misinterpreted on paying for economic losses claims, Bloomberg reported.
Swiss banking giant Credit Suisse has recently pleaded guilty to aiding rich Americans to evade tax after it had reached a purported agreement with the US Justice Department, The Los Angeles Times reported.
Former Rothschild adviser Oliver Bender said that his company's initial assessment of the state of Hypo Alpe-Adria-Bank International AG prior to the stake acquisition by Bayerische Landesbank was that of a robust, growing company who had swap losses that were not adequately recognized by the state-backed lender, Bloomberg reported.
