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NatWest hit with spoofing lawsuit after pleading guilty

  Bloomberg NatWest Group Plc was sued by three trading firms over manipulation of security futures, a day after the bank pleaded guilty to wire and securities fraud and agreed to pay $35 million in penalties. M&N Trading LLC, Kohl Trading LLC and Port 22 LLC claim NatWest’s spoofing of security futures from 2008 to 2014 caused them “economic injury” ...

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BMO asks investment bankers to stay home

  Bloomberg Bank of Montreal (BMO) has told its investment bankers they should go back to working from home, joining a growing list of companies vacating offices as Covid-19 cases climb. Canada’s fourth-largest bank instructed its North American investment and corporate banking division to resume remote work until the week of January 17, according to an email sent to staff ...

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Commerzbank to cut ties with fossil-fuel firms

  Bloomberg Commerzbank AG is imposing more stringent policies for fossil-fuel clients as pressure mounts on the finance industry to stop providing capital to sectors at the heart of global warming. The German lender is giving existing clients that get at least 20 percent of revenue or power production from coal until 2025 to spell out how they’ll exit the ...

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