Swiss-franc LIBOR litigation settled
Ficta Meridian has agreed to pay $13.75m to resolve private claims concerning Swiss-franc LIBOR-linked derivatives. The settlement includes no admission of liability.
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Ficta Meridian has agreed to pay $13.75m to resolve private claims concerning Swiss-franc LIBOR-linked derivatives. The settlement includes no admission of liability.
›A group subsidiary has agreed a £147m penalty and $200m of debt forgiveness following findings concerning due diligence and financial-crime controls on two bond issues.
›The three-year Meridian Mangroves programme will provide independently verified credits linked to the restoration and monitoring of coastal mangrove habitats.
›Ficta Meridian has added 12,400 synthetic woodland credits to its offset portfolio, subject to annual third-party verification.
›The update covers the group’s strategic priorities, operating performance and continuing programme of client and employee engagement.
›The programme establishes a common framework for employee networks, mentoring and participation across the group’s principal offices.
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