Company News

Denmark Says Bank Breakups Make No Sense After Bail-Ins

Denmark said it will fight plans in the European Union to split banks deemed too big to fail, arguing existing resolution rules make such a proposal moot.

Argentina charges HSBC with aiding tax evasion via Swiss accounts

Argentina has charged HSBC with aiding more than 4,000 citizens to evade taxes by stashing their money in secret Swiss bank accounts, the country’s AFIP tax authority said on Thursday.

2014 firm bonus announcement / pay out dates have listed their estimates of when 2014 bonuses are likely to be announced and then paid.

EBA consults on criteria for determining the minimum requirement for own funds and eligible liabilities (MREL)

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.

Tackling the UK’s ‘diversity deficit’ in the boardroom

“When I was growing up my career adviser gave me two options – a nurse and a teacher,” says 43-year-old Karen Blackett.

Ms Blackett, who is now the UK chief executive of global media agency MediaCom, last month became the first businesswoman to top the Powerlist 100, which champions the most influential black people in Britain.