|Standard Chartered plc to allow audit of New York arm in money-laundering case|
|Friday, 10 August 2012 08:42|
News round up: Standard Chartered plc, Google Inc, Apple Inc, Barclays plc, Libor, FSA, HMV Group plc.
Google Inc and Apple Inc
Google will pay $22.5m (£14.4m) to settle charges it bypassed the privacy settings of customers using Apple's Safari browser, the US Federal Trade Commission (FTC) said. The deal ends an FTC probe into allegations that Google used computer code known as "cookies" to trick the Safari browser on iPhones and iPads so the Internet search company could monitor users who had blocked such tracking.
Sir David Walker, former Deputy Governor of the Bank of England, and described by The Times as 'a veteran City grandee', has been named as the new Chairman of scandal-hit bank Barclays. His arrival caps a career that has included stints at the Treasury, Lloyds Bank, Legal & General and latterly Morgan Stanley.
On the subject of LIBOR - the London Inter-bank Offered Rate - Martin Wheatley, the financier who has been asked by the Government to head an inquiry into how the key benchmark borrowing rate is set, will publish an initial discussion paper on Friday.
Tracey McDermott, described by The Independent as the 'nemesis' of former Barclays Chief Executive Officer Bob Diamond, has been named as the Financial Services Agency's (FSA) new prosecutor. McDermott is the new head of enforcement at the FSA. The City watchdog cited McDermott's 'impressive work' over the past 16 months as its acting director of the enforcement and financial crime division, the Independent notes.
HMV Group plc
HMV’s outgoing chief executive Simon Fox has said the troubled music retailer will return to profit next year, but would not bet his house on the business being around in a decade. The group, which started trading in 1921, has struggled in recent years as more and more consumers give up buying physical CDs and DVDs in favour of digital downloads of music and films.
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