Lloyds' Libor fine, Deutsche's letter from the Fed and the rise of independent boutiques

Published: July 28, 2014, 3:40 p.m.

b'Martin Arnold is joined by Sharlene Goff for news that Lloyds has been fined \\xa3226m for its part in the Libor manipulation scandal. Included in this was \\xa38m for attempts to reduce the amount it paid back to British taxpayers following its government bailout. Daniel Sch\\xe4fer reports on Deutsche Bank, which has received a letter from the US Federal Reserve that was highly critical of the quality and reliability of its reporting. And finally, Harriet Agnew joins Daniel and Martin to discuss the continued rise of boutiques, as former UBS chair Luqman Arnold joins former Glencore chair Simon Murray and three other senior partners so establish a new advisory business.


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