Three ex-ICAP Plc brokers accused of manipulating benchmark interest rates tied to the Japanese yen conspired with Tom Hayes, a former UBS AG and Citigroup Inc. trader who was the first to be charged in the global probe, prosecutors said.
John DiMatteo, most recently co- chairman of the intellectual property department at Willkie Farr & Gallagher LLP, joined New York litigation boutique Holwell Shuster & Goldberg LLP as a partner, the firm’s first lateral hire since its founding two years ago.
U.K. prosecutors face criticism by a senior politician for not joining the global currency-rigging investigation, less than two years after a delayed start in the Libor probe earned them similar rebukes.
Rolls-Royce Holdings Plc, Europe’s largest maker of commercial aircraft engines, said the U.K. Serious Fraud Office has begun a formal investigation related to potential wrongdoing in business dealings in Asia.
U.K. stocks dropped for a fourth day to a one-month low as Russia hardened its stance on Ukraine and companies including British American Tobacco Plc and HSBC Holdings Plc traded without the latest dividend rights.
Rolls-Royce Holdings Plc, Europe’s largest maker of commercial jet engines, said the U.S. Department of Justice has joined U.K. fraud prosecutors in an investigation into bribery and corruption at the company.
The U.K. Serious Fraud Office requested 19 million pounds ($32 million) in extra funding partly to cover penalties relating to wrongly reclaimed taxes by the agency, according to its director David Green.