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US pension funds are suing 6 of world's largest banks for allegedly colluding on a $1...

US pension funds are suing 6 of world's largest banks for allegedly colluding on a $1 trillion market
By Daniel Wiessner, ReutersThree U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co, accusing them of conspiring to stifle competition in the more than $1 trillion stock lending...

Australia Bank Lobby Head Says Money-Laundering Scandal Hurts Entire Industry

Australia Bank Lobby Head Says Money-Laundering Scandal Hurts Entire Industry
By Emily CadmanThe Commonwealth Bank of Australia money-laundering scandal has damaged the public’s perception of the whole banking sector, according to the head of the industry’s lobby group.  “The issue that Australian banks are ...

World's biggest banks face £264bn bill for poor conduct

World's biggest banks face £264bn bill for poor conduct
By Jill TreanorCosts for 20 financial institutions for the five years to 2016 are higher than in the previous period, with RBS and Lloyds in top fiveFines, legal bills and the cost of compensating mistreated customers reached £264bn for 20 of the world’s ...

Photographer: Carla Gottgens/Bloomberg Commonwealth Bank Sued for Alleged Money ...

 Photographer: Carla Gottgens/Bloomberg Commonwealth Bank Sued for Alleged Money Laundering Breaches
By Emily Cadman @ecadmanMore stories by Emily CadmanCommonwealth Bank of Australia, the nation’s largest lender, has been sued by the government’s financial crime agency over 53,700 alleged breaches of money laundering and terrorism financing laws. The civil ...

How China’s biggest bank became ensnared in a sprawling money laundering probe

How China’s biggest bank became ensnared in a sprawling money laundering probe
By ANGUS BERWICK and DAVID LAGUEPart 1: When Chinese residents of Spain needed to get piles of illicit cash back home, police allege, they found an accomplice in the Industrial and Commercial Bank of China. Confidential court filings, including wiretap ...

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