Morgan Stanley and Credit Suisse Group AG will offer a highly-leveraged debt package to help Singapore Telecommunications Ltd. sell its Optus Satellite division, according to three people familiar with the matter.
The U.K. government plan to abolish the Financial Services Authority and give most of its power to the Bank of England won’t change how banks are regulated as the European Union assumes a larger role, lawyers say.
Standard Chartered Plc rose as much as 5.1 percent in London after the bank settled a money- laundering probe for $340 million the day before it was due to appear at a hearing to defend its right to operate in New York.
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.
U.K. and German financial regulators are investigating whether they can take action against Goldman Sachs Group Inc. in relation to a lawsuit filed last week by the U.S. Securities and Exchange Commission.