Simon Morris

SingTel Banks Said to Plan Debt Package for Optus Satellite Sale

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.

Gensler-Wheatley Panel Aims to End Conflicts in Benchmark Rates

Regulators will seek to eliminate conflicts that have led to manipulation of benchmark lending rates while investigations into Libor continue around the world.

SingTel Stands to Get Forex Gain in Any Optus Satellite Sale

Singapore Telecommunications Ltd. stands to benefit from a 45 percent rise in the Australian dollar against its home currency in any sale of the Optus Satellite division it bought in 2001.

Financial Regulation Moving to Central Bank Like `Old Wine in New Bottles'

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.

BP, Kerviel's Claims, RBS, Fairfield, Deutsche Bank, Comcast in Court News

BP Plc faces more than 225 lawsuits in 11 states as litigation from businesses, individuals and investors continues to increase almost two months after the Deepwater Horizon oil rig exploded.

Financial Regulator `Radically' Changed Approach as Fines Climb to Record

The Financial Services Authority said it “radically changed” its approach to supervision of banks in a year the regulator issued a record 33.6 million pounds ($49 million) in fines.

Standard Chartered Rises on Settlement of New York Probe

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.

Lenders Must Report Rivals’ Suspicious Trades, FSA Says

Banks face fines if they don’t tell regulators about suspicious transactions at rivals, even if they don’t have proof of wrongdoing, a lawyer at the Financial Services Authority said today.

Standard Chartered Seen Paying $1 Billion to End Probes

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.

Goldman Sachs Faces Reviews by U.K.'s FSA, Germany's BaFin After SEC Move

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.

"It will start to be a benchmark in its own right."

- Simon Morris on Apr 15, 2013

London

Asia

Australia

Soros Joins Gold-Stake Cuts Before Bear Market Drop

Euro Declines for Sixth Day as Inflation Slows; Aussie Weakens

James Bond’s Pinewood Turned Down on $300 Million Plan

Asian Stocks Retreat as Japanese Banks Fall on Earnings

Sony’s $100 Billion Lost Decade Supports Loeb Breakup