Under new CEO Bill Winters, the U.K.-based bank has been streamlining operations amid a slumping share price and tighter regulation.
Credit Suisse, Standard Chartered and Deutsche Bank are among the banks that are overhauling themselves after losing ground to U.S. banks.
Two-year investigation finds that Promontory 'exhibited a lack of independent judgment' in assessing allegations against a U.K.-based bank.
The EU's bank-resolution law, which requires creditors to take losses before the government steps in, will lead to more ratings actions.
Businesses may turn on Romney, U.S. companies may be feigning concern over regulation, and the American economy looks poised for recovery, economists in London say.
