JP Morgan banned from trading electricity in the US

JP Morgan has been banned from trading electricity in the US after a regulator accused the bank of making "egregious" misrepresentations during an investigation into alleged market manipulation.


Wall Street delays Basel III in threat to London

Wall Street banks will not meet a January deadline to begin implementing new global capital rules, potentially handing New York an advantage over London as the financial centres vie for dominance.


Barclays hit by fresh US investigations

Barclays, already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.


Citigroup In Facebook Trouble, Morgan Stanley Said Probed

Massachusetts officials said Friday they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.