Japanese Financial Services Agency

RBS fined $610 mn, settles Libor probe

2013-02-07T04:09:31Z

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.

Olympus, former execs plead guilty in fraud trial

2012-09-25T06:30:56Z

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 regulators orders $2.4 million Olympus fine

2012-07-11T16:04:43Z

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.

Libor scandal spotlight on Citi, JPMorgan

2012-07-06T20:03:41Z

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 eyes tighter insider trading laws amid probe

2012-06-26T06:43:09Z

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.

Olympus foreign investors call for board re-think

2012-03-22T16:36:47Z

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.

Olympus panel clears auditing firms of blame in scandal

2012-01-17T00:06:37Z

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.

Panel clears audit firms of Olympus scandal blame

2012-01-17T00:06:37Z

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.

Citi discussing plan to shuffle Asian managers: WSJ

2011-12-04T20:12:21Z

(Reuters) - Citigroup Inc 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.

Olympus won't get extension on reporting deadline: sources

2011-12-03T06:45:29Z

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.

Olympus won't get extension on reporting deadline: sources

2011-12-03T03:36:04Z

Scandal-hit Olympus warned of possible delisting

2011-11-10T12:29:08Z

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.

Analysis: Olympus scandal puts auditors under scrutiny

2011-11-10T07:47:26Z

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.

Japan police investigate scandal-hit Olympus

2011-11-10T03:14:33Z

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.

Exclusive: Olympus scandal tied to banker who shuffled losses

2011-11-08T06:01:34Z

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.

Citigroup faces regulatory scrutiny in Japan: source

2011-10-01T16:52:38Z

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.

Asia shrugs off global banking shake-up

2010-09-13T07:45:13Z

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 confident banks can handle Basel III

2010-09-13T06:29:06Z

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.