Company News



Mark Carney says bankers’ behaviour needs to change

Bankers’ behaviour still needs to change following the financial crisis, Bank of England governor Mark Carney has warned.

http://www.bbc.co.uk/news/business-29596866



Global Banks Face 25% Loss-Absorbency Rule in FSB Plan

The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis — as much as a quarter of risk-weighted assets — as regulators take on lenders deemed too big to fail. . .

http://www.bloomberg.com/news/2014-10-06/global-banks-face-25-loss-absorbency-rule-in-fsb-plan.html



Citigroup Says Banamex CEO Resigns After ‘Challenges’

Citigroup Inc. said Javier Arrigunaga resigned as chief executive officer of Grupo Financiero Banamex, the most senior departure stemming from an alleged $400 million fraud disclosed in February. . .

http://www.bloomberg.com/news/2014-10-03/citigroup-s-banamex-ceo-arrigunaga-resigns-torres-cantu-named.html



UK financial services growing at fastest rate since crisis

CBI says companies have reported rising profits and strongest rise in business volumes since 2007 . . .

http://www.theguardian.com/business/2014/oct/06/uk-financial-services-growing-fastest-rate-crisis



IMF: Time has come for big changes in banker pay

Banker compensation may get more complicated and have fewer zeroes if the International Monetary Fund has a say. . .

http://hereisthecity.com/en-gb/2014/10/06/imf-time-has-come-for-big-changes-in-banker-pay/