Top Interest Rate Headlines 02-28-12: Deutsche Bank Says Waugh to Step Down as CEO for Americas

Deutsche Bank Says Waugh to Step Down as CEO for Americas
BusinessWeek
Deutsche Bank AG, Germany's biggest lender, said Seth Waugh has decided to step down as chief executive officer for the Americas, without giving a reason.
http://jlne.ws/y8iD0B

HSBC says it may face criminal charges for transactions
Reuters via Yahoo! News
(Reuters) - HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.
http://jlne.ws/xqZcxP

Barclays faces block on tax schemes
By Megan Murphy, Patrick Jenkins and Vanessa Houlder - Financial Times
Barclays has been blocked from implementing two “highly abusive” tax schemes that could have cost the Treasury £500m, despite the bank’s commitment to a new code of practice in which it pledged not to engage in tax avoidance.
http://jlne.ws/yiJ5qV

Whodunit at MF Global
WSJ
Almost four months after the bankruptcy of futures giant MF Global, clients still haven't been made whole and still haven't been told what happened to $1.6 billion of their money. Nor has anyone been charged with civil or criminal offenses. But a Journal report casts new doubt on the Congressional testimony of former CEO Jon Corzine.
http://jlne.ws/xShQLP

Banks may take on settlement houses at own game
Reuters via Yahoo! News
Banks are looking to break into the last bastion of Europe's securities market, the settling of trades, to meet growing pressure from regulators for safer trading backed with collateral.
http://jlne.ws/yYi1Ce

RBS to Move Australian Fixed-Income Trading to Singapore, U.K.
BusinessWeek
Royal Bank of Scotland Group Plc plans to relocate its Australian fixed-income and currency trading business to Singapore and London, according to an e- mailed response to questions from Bloomberg News.
http://jlne.ws/wQYHiZ

Santander takes control of Poland’s Kredyt
By Victor Mallet in Madrid and Jan Cienski in Warsaw - Financial Times
Santander of Spain, the eurozone’s biggest bank by market capitalisation, will take control of Poland’s Kredyt Bank from KBC of Belgium following a long-awaited deal announced on Tuesday.
http://jlne.ws/xG5ZTB

Market Participant Asks ISDA If Greek CDS Have Been Triggered
By Katy Burne Of DOW JONES NEWSWIRES
An unidentified market participant has asked a committee of the International Swaps and Derivatives Association to rule on whether the passage of legislation approving collective-action clauses for Greek debt should trigger payouts on credit-default swaps tied to Greek sovereign bonds.
http://jlne.ws/zfQzaN