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  • SEC Charges Smith & Wesson With FCPA Violations

    Date 28/07/2014

    The Securities and Exchange Commission today charged Smith & Wesson Holding Corporation with violating the Foreign Corrupt Practices Act (FCPA) when employees and representatives of the U.S.-based parent company authorized and made improper payments to foreign officials while trying to win contracts to supply firearm products to military and law enforcement overseas.

  • SIFMA President And CEO Kenneth E. Bentsen, Jr. Participates In Equity Market Structure Reform Roundtable

    Date 28/07/2014

    SIFMA today released the following excerpts from a statement given by Kenneth E. Bentsen, Jr., SIFMA president and CEO, at an equity market structure roundtable discussion with key market participants, legal experts, and Members of Congress, hosted by Rep. Scott Garrett, Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises: 

    "Building on decades of leadership on market structure issues and more than 14 comment letters over the past four years, SIFMA recently convened a broad-based task force of our diverse membership to develop a series of market structure changes that we believe will enhance transparency, provide for fair and timely access to market data, and address the complexity and fragmentation caused by rebates and order types.

  • Bank Of England Statement On FCA Enforcement Action Against Lloyds Bank PLC And Bank Of Scotland PLC In Relation To Manipulation Of Submissions To The BBA GBP Repo Rate

    Date 28/07/2014

    In light of today’s publication by the Financial Conduct Authority (FCA) of a Final Notice in relation to enforcement action against Lloyds Bank and Bank of Scotland, the Bank of England issues the following statement:
     
    Lloyds Banking Group has paid the Bank of England £7.76 million in compensation for the reduction in the amount of Special Liquidity Scheme (SLS) fees received by the Bank as a result of manipulation by Lloyds Bank and Bank of Scotland of submissions to the BBA GBP Repo Rate.  The Bank believes that this payment fully compensates it for all losses which it may have suffered.

  • US Department Of Justice: Lloyds Banking Group Admits Wrongdoing In LIBOR Investigation, Agrees To Pay $86 Million Criminal Penalty

    Date 28/07/2014

    Lloyds Banking Group plc has entered into an agreement with the Department of Justice to pay an $86 million penalty for manipulation of submissions for the London InterBank Offered Rate (LIBOR), a leading global benchmark interest rate.

  • UK's Financial Conduct Authority: Lloyds Banking Group Fined £105m fFr Serious LIBOR And Other Benchmark Failings

    Date 28/07/2014

    The Financial Conduct Authority (FCA) has fined Lloyds Bank plc (Lloyds) and Bank of Scotland plc (BoS), both part of Lloyds Banking Group (LBG), £105 million for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR).