Company News: Financial Market News



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

Company News: Financial Market 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

Company News: Financial Market News



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

Company News: Financial Market News



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

Company News: Financial Market News



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

Company News: Financial Market News



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

Company News: Financial Market 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

Company News: Financial Market News



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

Company News: Financial Market News



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/

Company News: Financial Market News