Banking reform 'still does not go far enough'

The government's proposed reforms of the banking sector still do not go far enough, according to a banking commission set up in the wake of the Libor scandal.

JPMorgan seeks to reduce clearing and settlement risks: Report

JPMorgan Chase, a major player in providing clearing and settlement services to other financial firms, plans to reduce some services to clients and sever ties with others as it seeks to reduce risks involved in the business, the Wall Street Journal said.

South Korea banks in rate-rigging investigation

A South Korea financial regulator has started an investigation into alleged interest rate rigging by some of the country's banks.