The U.K. Listing Authority will publish new rules in July for companies seeking a share offering or that already list securities in the country, Financial Services Authority spokesman Chris Hamilton said.
The U.S. Department of Justice is preparing to impose the first fines and bring charges in the global investigation into the manipulation of foreign-exchange rates as soon as this year, a person with knowledge of the matter said.
It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green. Some dealers have as many as 50 chat rooms crowded onto four monitors arrayed in front of them like shields. Messages from salespeople and clients appear, get pushed up by new ones and vanish from view. Orders are barked through squawk boxes.
A group of Co-Operative Bank Plc bondholders called on the U.K.’s Financial Conduct Authority to ensure individual investors get independent financial advice on how to respond to the bank’s plans to plug its capital deficit.