Japanese Financial Services Agency

State-rescued Royal Bank of Scotland said it will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging.

Scandal-wracked Olympus and three of its former top executives pleaded guilty in court on Tuesday over charges that they deliberately hid losses worth $1.7 billion after a series of bad investments.

Japan's financial watchdog said Wednesday that it had slapped a $2.4 million penalty on disgraced camera and medical equipment maker Olympus over a huge loss cover-up scandal.

The harsh light of the Libor rate-fixing scandal has crossed the Atlantic, with both Citigroup and JPMorgan Chase saying regulators and investigators have requested information from them in a so-far preliminary probe of the case.

Japan's banking minister said on Tuesday that Tokyo may usher in tighter insider trading laws amid a widening criminal probe into the practice, which is commonplace in the nation's finance sector.

Foreign shareholders in Japan's scandal-hit Olympus have called for a re-think of new board appointments, saying creditor banks have exerted "undue influence" on the lineup.

TOKYO (Reuters) - An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp on Tuesday, though the role of the firms remained under official review.

TOKYO (Reuters) - An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, though the role of the firms remained under official review.

(Reuters) - Citigroup Inc <C.N> is discussing a plan to shuffle Asian managers to reassure Japanese regulators as they prepare to sanction the bank for alleged lapses in disclosure related to the sale of financial products, the Wall Street Journal reported, citing people familiar with the situation.

TOKYO (Reuters) - Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.

TOKYO (Reuters) - Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.

Pressure mounted on Japan's Olympus Thursday after the Tokyo bourse warned it could face delisting, amid reports police are investigating the firm after it admitted concealing losses for decades.

NEW YORK/TOKYO (Reuters) - Olympus Corp's use of accounting tricks to hide big losses has raised questions about whether its auditors, the Japanese arms of global giants KPMG and Ernst & Young, should have done more to follow up on red flags.

Pressure on Japan's scandal-hit Olympus intensified Thursday as police and other authorities launched investigations into the firm's concealment of investment losses since the 1990s, reports said.

TOKYO (Reuters) - A former Japanese banker who helped Japan's Olympus Corp shift losses off its books decades ago appears to be a key figure behind its decision to award a massive advisory fee to a little-known U.S. investment firm, Japanese broking sources who know the ex-banker said.

TOKYO (Reuters) - Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major punishment in Japan in 7 years, a source with knowledge of the matter said.

Asian banks' shares rallied on Monday as regulators and investors shrugged off the biggest revamp to global banking rules in decades, confident that regional lenders were already in good shape.

Japan's banking supervisory agency said Monday major banks of the Asian economic power would be able to meet new global rules drawn up by central bankers and regulators.