Company News



After plea deal, Credit Suisse faces U.S. hearing on pension business

Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans’ retirement funds after its decision to plead guilty to tax crimes.
http://uk.reuters.com/article/2014/11/14/uk-credit-suisse-plea-pensions-idUKKCN0IY28020141114



UBS looking to take back bonuses from forex traders

UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders…

http://www.reuters.com/article/2014/11/14/banksforex-settlement-ubs-idUSL3N0T47Z420141114



BIS Working Paper 471: The leverage ratio over the cycle

This paper analyses how the Basel III leverage ratio (Tier 1 capital/exposure) behaves over the cycle. The analysis proposes a setup to test for the cyclical properties of bank capital ratios, taking into account structural shifts in banks’ behaviour during the global financial crisis and its aftermath. http://www.bis.org/publ/work471.htm



Japan’s economy makes surprise fall into recession

Japan’s economy unexpectedly shrank for the second consecutive quarter, leaving the world’s third largest economy in technical recession. . .

http://www.bbc.co.uk/news/business-30077122

 



Carney takes aim at bankers’ pay in wake of scandals

Bank of England governor Mark Carney has said it is time to look at clawing back the overall pay of bankers in the event of wrong-doing. . .

http://www.bbc.co.uk/news/business-30080920