Company News



Libor Probe Finds No Evidence Against Jain, Handelsblatt Says

Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank AG co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported. . .

http://www.bloomberg.com/news/2014-12-08/jain-cleared-in-german-probe-of-libor-rigging-handelsblatt-says.html



Denmark Says Bank Breakups Make No Sense After Bail-Ins

Denmark said it will fight plans in the European Union to split banks deemed too big to fail, arguing existing resolution rules make such a proposal moot.

http://www.bloomberg.com/news/2014-12-01/bank-breakup-plan-makes-no-sense-after-bail-ins-denmark-says.html



Argentina charges HSBC with aiding tax evasion via Swiss accounts

Argentina has charged HSBC with aiding more than 4,000 citizens to evade taxes by stashing their money in secret Swiss bank accounts, the country’s AFIP tax authority said on Thursday.

http://uk.reuters.com/article/2014/11/27/argentina-hsbc-idUKL6N0TH4OX20141127?rpc=401



2014 firm bonus announcement / pay out dates

Hereisthecity.com have listed their estimates of when 2014 bonuses are likely to be announced and then paid.

http://hereisthecity.com/en-gb/2006/11/08/top_firm_bonus_annou/



EBA consults on criteria for determining the minimum requirement for own funds and eligible liabilities (MREL)

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.

http://www.eba.europa.eu/-/eba-consults-on-criteria-for-determining-the-minimum-requirement-for-own-funds-and-eligible-liabilities-mrel-