Bloomberg reported that Caterpillar’s performance in China seems to be floundering noting that although the company opened a Beijing office in 1978, Cat’s current market share in China is only about 7%. read more

MAR 18, 2013 - 7:15 am

The Leasing Foundation will hold its first conference on September 30, 2013. Chris Sullivan, chief executive of the RBS Corporate Banking Division, will open the event. read more

MAR 11, 2013 - 2:05 pm

The Wall Street Journal reported that the UK Financial Services Authority published a critique of its own handling of the LIBOR scandal, saying it failed to act on a series of warnings that banks were trying to manipulate rates. read more

MAR 6, 2013 - 6:35 am

Bloomberg reported that RBS will recoup $458 million from employees by cutting its bonus pool and clawing back compensation following its fine for rigging LIBOR. Reuters says Barclays plans to cut or claw back $680 million to recoup its losses. read more

FEB 28, 2013 - 7:30 am

Bloomberg reported that Rabobank faces a fine of more than $440 million for manipulating LIBOR interest rates as global regulators seek to increase the $2.5 billion in penalties already levied in the rate-rigging scandal. read more

FEB 26, 2013 - 7:35 am

Sky News reported that the BBA moved a step closer to relinquishing its role in setting interbank borrowing rates as regulators seek to restore their credibility following the LIBOR scandal. read more

FEB 26, 2013 - 7:10 am

The Wall Street Journal reported that Royal Bank of Scotland, 81% owned by the British government, is set present plans next week to float up to a quarter of its Citizens' U.S. retail business. read more

FEB 25, 2013 - 7:30 am

The Wall Street Journal reported that U.S. regulators are widening their probe of global interest-rate-rigging by scrutinizing what they claim is a pivotal role of two UK brokerage firms in the scandal. read more

FEB 12, 2013 - 7:35 am

The Daily Mail reported that Barclays intends to close its tax avoidance unit in an attempt to move away from the bank's involvement in the LIBOR-rigging scandal. read more

FEB 12, 2013 - 7:00 am

The Leasing Foundation announced the appointment of 25 individuals to its fellowship. The fellows come from organizations including PWC, Xerox Financial Services, Arlingclose, Société Générale, Lombard, Pitney Bowes, AGFA, Hitatchi Capital, GE and PWC. read more

FEB 11, 2013 - 7:05 am

According to a local news report, Cat Financial and Stanbic IBTC Bank (Nigeria) have agreed to a pact to provide financial services support to Mantrac Unatrap Group, an authorized Caterpillar dealer. read more

FEB 8, 2013 - 7:15 am

Bloomberg reported that regulators are saying a RBS trader colluded with a counterpart at UBS to pay bribes to brokers willing to help them manipulate global interest rates. read more

FEB 7, 2013 - 7:38 am

RBS announced it has reached an aggregate settlement of $612 million with regulators in both the UK and U.S. in relation to investigations into submissions, communications and procedures around the setting of LIBOR. read more

FEB 7, 2013 - 7:25 am

The Financial Times reported that email evidence presented in a London court suggests that top executives at Barclays knew the bank was “lowballing” its submissions to the rate setting process almost a year earlier than previously disclosed. read more

JAN 25, 2013 - 7:25 am

In a newly released report, the World Bank said four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. read more

JAN 16, 2013 - 7:30 am