ECB Working Paper Series:

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1712.pdf

Asia director’s comments follow news of second fine for breaking money laundering rules and worries voiced by Lloyds and HSBC . .

http://www.theguardian.com/business/2014/aug/07/standard-chartered-director-bankers-treated-like-criminals

• Manual gives details on “join-up” of asset quality review (AQR) and stress test

• Manual outlines the stress test quality assurance process, which ensures a rigorous exercise
• Publication of the manual adds to the transparency of the comprehensive assessment and the credibility of the exercise

http://www.ecb.europa.eu/press/pr/date/2014/html/pr140808.en.html

Germany’s financial regulator, BaFin, is extending investigations into alleged interest-rate manipulation at Deutsche Bank AG, Europe’s largest investment bank, German magazine Der Spiegel reported.

http://www.bloomberg.com/news/2014-08-03/bafin-extends-deutsche-bank-libor-investigation-spiegel-says.html

The largest global investment banks face further cost reductions, like the job cuts JPMorgan Chase & Co. (JPM) began this month, after a drop in first-half expenses failed to match a decline in revenue.

http://www.bloomberg.com/news/2014-07-30/investment-bank-job-cuts-loom-as-cost-drop-trails-revenue.html