Fed Says Little Banks Should Follow Strict Basel III Rules
The Federal Reserve is proposing that U.S. banks, large and small, abide by a rigorous interpretation of an international capital standards agreement known as Basel III.
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UBS Alleged ‘Rogue Trader’ Kweku Adoboli Granted Bail
Abodoli pictured in October 2011 leaving court Kweku Adoboli, the ex-UBS employee at the centre of one of the largest rogue trading scandals in recent history was granted bail by a London court, ahead of his trial on 3 September. Adoboli, who denies charges of fraud and false accounting which cost the Switzerland-based bank UBS $2.3bn last year, was previously denied bail in February.
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Depositors Swarm German Banks as Banking Crisis Grips Eurozone Peripheral Economies
Depositors from eurozone nations find the German banks as a safe haven for their money as the banking crisis gripped more nations in the region along with lack of any tangible solution to the sovereign debt crisis, so far. Deposits in the German banks recorded a 4.4 percent increase and reached 2.17 trillion euros ($2.73 trillion) as of 30 April, according to European Central Bank (ECB) statistics.
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