Bourse alleges traders broke rules in Sweden

Article Abstract:

Credit Suisse First Boston traders, along with traders from a Swedish brokerage firm, are believed to have broken some Stockholm stock exchange rules in an attempt to manipulate the market. The stock exchange, whose nine-member disciplinary committee will investigate the charges, made the allegations. The committee could fine the traders as much as $1.2 million. Some of the traders could also be charged criminally.

Comment:

Credit Suisse traders believed to have broken some stock exchange rules to manipulate the market

Government regulation (cont), Sweden, Cases, Abstract, Stockholm Stock Exchange, Credit Suisse First Boston L.L.C.

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ING Groep to review U.S. investment banking

Article Abstract:

ING Groep N.V. announced it is re-evaluating its U.S. domestic investment-banking business, as a part of a broader review. The company made this decision because of increasing salary packages and industry consolidation. The review could result in a shuttering, sale, or scaling-back of the U.S. business.

United States, Strategy & planning, Netherlands, Planning, ING Groep N.V.

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London banks quietly bite the bullet

Article Abstract:

The article discusses how the silent layoffs at London investment banks and fund-management companies could increase in the fall. At the same time, companies are trying to cut costs from travel expenses to bonuses.

United Kingdom, Labor force information, Human resource management

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