Financial Business Review: RBS Managers’ Part In Rate Scandal, Nasdaq & Amazon Collaborate
PennantPark Investment Corporation (NASDAQ:PNNT) files a secondary offering to divest 9 million shares of common stock with JPMorgan Securities, Morgan Stanley, Goldman Sachs, and SunTrust all acting as joint bookrunners.
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It is said that managers at The Royal Bank of Scotland Group (NYSE:RBS) took part in the manipulation of world interest rates, while traders collaborated with their counterparts at other banks, according to Bloomberg. Money-market traders who submitted the bank’s Libor calculations were on the same desk as derivatives traders, the amount of whose profits were dependant upon the rate, while the latter made submissions themselves
Nasdaq (NASDAQ:NDAQ) and Amazon Web Services (NASDAQ:AMZN) are partnering to offer Wall Street companies s a service which will permit them to store crucial regulatory data on the latter’s cloud infrastructure. This arrangement, which should enable clients to reduce costs significantly, represents Amazon’s boldest move yet into the financial sector but worries about security might limit growth.
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