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BofA Indian Bankers Depart Under a Cloud Three Bank of America employees have resigned following a whistleblower report and an internal investigation. The probe looked into allegations that these individuals…

Hwang Jailed Bill Hwang, the founder of Archegos, has been jailed for 18 years for market deception. Mr. Hwang used derivatives to drive the price of a number of shares…

Trafigura Charged with Bribery Swiss prosecutors have charged Trafigura with failing to manage the risk of corruption and former COO, Mike Wainwright, with bribery. The charges relate to the payment…

First Public Course – Culture Revisited Today’s sees Risk Audit’s first in-person public courses after a 7-year hiatus. Ironically the last course focused on the Audit of Culture. Today’s course…

US Bank Traded Assets Hit Peak US banks’ holding of traded assets hit $1 trillion at the end of the third quarter. This represents the highest level since 2008, the…

China Borrows on a US Par China has issued $ 2 billion in sovereign bonds at yields equivalent to US treasuries. The three- and five-year debt was issued in Saudi…

Ukraine Bonds Soar Ukraine’s sovereign bonds have risen 12 per cent in value following the election of Donald Trump. The markets are hoping that he will bring a speedy ceasefire…

Changes to Redress System UK Chancellor, Rachel Reeves, will use her Mansion House speech to call for changes in the way client redress is handled in the UK. She will…

Metro Bank Fined for AML Breaches The UK’s Financial Conduct Authority has fined Metro Bank £17 million for failing to ensure that an automated system was monitoring compliance with money…

Deutsche Culls Senior Management In an attempt to meet challenging cost: income targets, Deutsche Bank has culled 111 senior managers. The retail and private bank is seeking to lower the…