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That said, RBS remains mired in the 'issues of the past' – PPI, interest swap mis-selling, Libor, IT failures … So perhaps the scale of improvement is somewhat obscured.
Banks have set aside more than £3bn to settle potential cases of interest swap mis-selling, following a review of their selling practices conducted by the Financial Conduct Authority.
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"Securitisation, currency and interest swaps..
"The uptick in jobless claims which was fairly severe and the amount of receiving in interest swaps ended most of the overnight sell-off in the bond market," said Tom di Galoma, head of United States rates trading at Guggenheim Securities.
These included possible further provisions for payment protection insurance mis-selling, misselling interest swaps to small businesses and the sale of mortgage bonds in the run-up to the financial crisis.
The City Council followed Alarcon's lead last week, voting unanimously to instruct its financial analysts to ask the two banks to rewrite or cancel the terms of its two interest swaps.
SNSs use software to facilitate online communities where members with shared interests swap files, photographs, videos, and music, send messages and chat, set up blogs (Web diaries) and discussion groups, and share opinions.
Mr. Staley notes the one set of clients that aren't interested in interest rate swap transactions: municipal governments.
He met Mr. Hayes just once in person, in 2007, after a particularly big interest-swap trade.
Mr. Hayes's colleagues on UBS's yen interest-swap desk invited Mr. Takata to dinner at a restaurant in Akasaka, an upmarket entertainment area in Tokyo, according to his book.
These services used software to facilitate online communities, where members with shared interests swapped files, photographs, videos, and music, sent messages and chatted, set up blogs (Web diaries) and discussion groups, and shared opinions.
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