Bank of England officials knew of concerns the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened formal probes into alleged rate-rigging.
Rothesay Life Ltd., the insurer run by former Goldman Sachs Group Inc. Managing Director Addy Loudiadis, agreed to buy a U.K. annuity business with about 3 billion pounds ($5 billion) of assets under management from MetLife Inc.
Recipients of the American Bar Association’s pro bono publico awards, which will be presented today in Chicago, include the law firm of Akin Gump Strauss Hauer & Feld LLP, Neal Minahan, a partner with McDermott Will & Emery LLP and Amy Lorenz-Moser, a partner with Armstrong Teasdale LLP.
Marisa Drew, Credit Suisse Group AG’s most senior female investment banker in Europe, expects it will take at least five years before women start to gain a greater share of senior positions in the industry.
Standard Chartered Plc may have to pay as much as three times more than the $340 million it was fined by a New York regulator to settle all the probes by regulators into its transactions for Iranian clients.