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Libor Fixing Scandal: UBS Close to $450m Settlement with UK and US Regulators
Swiss bank close to becoming second major bank to reach deal with UK and US regulators after Barclays.
Chinese Industrial Profits Jump 20.5% in October
China's industrial company profits surge, increasing hopes of economic recovery.
Reserve Bank of Australia Keeps 3.25% Interest Rate Unchanged
Australian central bank cautious because of higher prices and signs of world economy reviving.
Asian Markets Edge Lower on US Election and Greek Bailout Uncertainties
Nikkei trades 0.35 percent lower while KOSPI is up 0.19 percent. Shanghai and Hong Kong Indices shed 0.36 and 0.26 percent.
Diamonds are Forever? Barclays' Future May Mimic its Investment Banking Past
Barclays's new CEO Antony Jenkins faces a key decision on the bank's future - one that its latest earnings figures just made much more difficult.
Libor Fixing Scandal: Nine Banks Added to New York and Connecticut Probe
The joint New York and Connecticut probe into alleged Libor manipulation extends its investigation by adding nine banks to subpoena list.
Japan's Exports Drop 10.3 Percent in September China Islands Dispute Takes Toll
Exports to China, Japan's biggest market, fall 14.1 percent as bitter dispute over Senkaku islands rumbles on.
Asian Markets Weekly Report: Indices Advance on China and US Data
Major Asian markets gained in the week after Chinese economic figures and US quarterly earnings encourage investors.
Citi:‘Grexit' is Suicidal, Warns Steve Englander
Citigroup's Steve Englander argues Greece leaving the Euro is not an option and the cost of a break up would be "tremendous"
Citigroup's Vikram Pandit Steps Down After Securing Bank's Post-Crisis Future
Vikram Pandit steps down after five years at the head of Citigroup after third-biggest US bank posts solid earnings
Asian Stocks Gain on Spanish Bailout Hopes and US Earnings Data
Nikkei gains 1.44 percent while KOSPI is up 0.83 percent. Hang Seng ends 0..28 percent. Shanghai Composite index ends flat
US Quarterly Earnings and Retail Sales Push Asian Markets Up
Nikkei gains 0.94 percent while KOSPI is up 0.32 percent. Shanghai Composite index and Hang Seng trade 0.02 and 0.05 percent higher.
Iran Blocks Google and Gmail
Iran is preparing to create its own private internet and in the process has added Google and Gmail to its list of blocked sites.
Japan Airlines Cancels Flights to China Due to Travel Boycotts over Island Row
Row over East China Sea islands hits airlines resulting in major carriers in both countries reducing their flights.
UBS Sued Over Pre-Crisis Mortgage-Backed Securities Sales
US regulator sues UBS over the sale of mortgage-backed securities to two credit unions before the credit crisis emerged.
Libor Fixing Scandal: Barclays Axes US Manager and Trader
Barclays discharged Ritankar Pal and Dong Kun Lee in July due to their role in the Libor scandal, say Reuters citing regulatory filings.
Antony Jenkins: Should Barclays Have a Retail Chief as Leader? [ANALYSIS]
IBTimes looks at whether Barclays appointing head of consumer banking as CEO is right move for the bank.
Barclays Retail Chief Antony Jenkins Replaces Bob Diamond as CEO [VIDEO]
Outgoing chairman Marcus Agius says Jenkins 'excellent track record and intimate knowledge' were the clinching factors.
Exclusive: Wall Street Crackdown is Race for US Regulators
Former New York prosecutor Robert Juman says US regulators compete to become first to finalise charges against banks.
From Libor to Money Laundering: Time to Tidy up Fragmented US Legal System [ANALYSIS]
Numerous probes into money laundering and rate fixing scandals highlight need for fewer watchdogs.
Libor Fixing Scandal: Lloyds among 7 Banks Subpoenaed by Florida State
Bank of America, Societe Generale, Credit Suisse, Credit Agricole, Royal Bank of Canada, Rabobank Groep and Lloyds Banking Group hit by Florida attorney general Pam Bondi.
Libor Fixing Scandal: Seven Banks Receive Subpoenas from US Attorneys General
Deutsche Bank, Barclays, JPMorgan Chase, RBS, HSBC, UBS and Citigroup named in papers.
UK Faces Risk of Losing AAA Rating
Credit rating agencies Moody's and Fitch also put warnings on Britain's triple-A rating
Greece Finds €11.7bn in New Cuts as Cash Runs Dry and Default Looms
Prime Minister Samaras is set to meet EU Commission President Thursday as Troika continues to doubt Greece's ability to get back on track with its promised reforms.
Citigroup Raises Chances of Grexit to 90%
Citi also expects Britain to lose its AAA rating over the next two to three years due to the continued economic weakness.
Libor Fixing Scandal: Hunt for New Barclays’ CEO and Chairman Continues
As Barclays’ deputy chairman Sir Michael Rake turns down the role of taking over from Chairman Marcus Agius, the race to fill the senior positions including ex-CEO Bob Diamond’s role at the embattled bank continues.
Libor Fixing Scandal: Arrests Imminent As Police Close-In
US and European prosecutors are close to individual traders at banks for colluding to manipulate key global lending rates, says a Reuters report.
Libor Fixing Scandal: Global Banks and Brokers Will Not Join Forces to Reach Settlement
Market sources tell IBTimes UK that banks and brokers under investigation for Libor fixing are unlikely to join forces in reaching a settlement.
Libor Fixing Scandal: Global Regulators Spur Rate Reviews from Tokyo to Toronto [VIDEO]
Following Barclays' record fine for Libor manipulation, the IBTimes UK examines efforts by key global regulators to tackle potential fraud in the $550tn benchmark.
Rate Fixing Scandal: Japan Cracks Down on TIBOR Manipulation
Japan has quietly led a mission to crackdown on banks that have manipulated or falsified key global interbank lending rates that echoes the Barclays Libor rigging scandal that resulted in a record fine