Company News



HSBC’s private banking arm accused of tax fraud by Belgium

Authorities in Brussels have charged HSBC’s private banking arm, which is based in Switzerland, with helping wealthy Belgians to avoid taxes. . .

http://www.bbc.co.uk/news/business-30078275



Banks Said Poised to Settle With CFTC in FX-Rigging Cases

Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases. . . 

http://www.bloomberg.com/news/2014-11-11/banks-said-poised-to-settle-with-cftc-in-fx-rigging-cases.html



Wall Street’s Bonus Season Not Likely to Be Filled With Joy, Survey Finds

A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year. . .

http://dealbook.nytimes.com/2014/11/09/wall-streets-bonus-season-not-likely-to-be-filled-with-joy-survey-finds/?module=BlogPost-Title&version=Blog&_r=2



European bank CEO pay

Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns. . .

http://www.bis.org/bcbs/publ/d296.htm



FSB ‘too big to fail’ proposals welcomed by industry

The Financial Stability Board is proposing a new minimum standard for total loss-absorbing capacity, which is designed to provide confidence that systemically important global banks can absorb losses without upsetting financial stability and the wider economy.

http://www.bankingtech.com/262071/fsb-too-big-to-fail-proposals-welcomed-by-industry/?utm_source=rss&utm_medium=rss&utm_campaign=fsb-too-big-to-fail-proposals-welcomed-by-industry