Company News



‘Too big to fail’ bank rules unveiled by global regulators

New global rules to prevent banks that are “too big to fail” from being bailed out by taxpayers have been proposed. . .

http://www.bbc.co.uk/news/business-29982181



The spectre over HSBC

It was an everyday kind of quarter for HSBC: superficially healthy earnings were undermined by a $1.6bn charge to cover a long list of fines, provisions and compensation bills. By way of variation on a theme, there was news of a possible criminal investigation over tax matters in France. . .

http://www.theguardian.com/business/nils-pratley-on-finance/2014/nov/03/nils-pratley-business-hsbc-standard-chartered-ryanair



RBS ditches auditors Deloitte after £45bn taxpayer bailout

Royal Bank of Scotland is ditching the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout. . .

http://hereisthecity.com/en-gb/2014/11/04/rbs-ditches-auditors-deloitte-after-45bn-taxpayer-bailout/




HSBC sets aside $378m in currency probe

HSBC has set aside $378m (£237m) to cover potential costs from investigations into currency trading. . .

http://www.bbc.co.uk/news/business-29876438#