Societe Generale SA, France’s second-largest bank, was sued in the U.K. by the Libyan Investment Authority, after the sovereign-wealth fund sued Goldman Sachs Group Inc. in January over derivatives trades.
Citigroup Inc. ’s Citibank, Bank of America Corp. ’s Merrill Lynch unit and five other banks were sued by the trustee liquidating Bernard Madoff’s firm to recover more than $1 billion for the con man’s defrauded customers.
JPMorgan Chase & Co. employees discussed why they shouldn’t reveal to their client, Berlin’s transport authority, what the bank stood to gain from a complex derivative deal that’s now at the center of a U.K. court case.
JPMorgan Chase & Co., which has been told by U.S. regulators to bolster money-laundering safeguards, has stopped clearing dollar transfers for Latvian lenders, according to the Baltic nation’s banking association.
A Deutsche Bank AG employee said clients never like to know how they were “screwed” in an e- mail concerning a 2007 swap deal that is at the center of a U.K. court fight over whether banks can be sued for manipulation of benchmark interest rates.