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International News & Information
News and Information
April 4, 2013 Report Faults ‘at All Costs’ Attitude at BarclaysSource: NY Times
LONDON — The push to change Barclays from a predominantly British retail bank to a global financial giant over the last two decades created a culture that put profit before customers, according to an independent report released...
April 2, 2013 Controls on Capital Come Late to CyprusSource: NY Times
Capital controls came to Cyprus this week, a few years after they should have arrived — when it needed controls to stem the flow of hot money into the country’s banks.
March 27, 2013 Dutch Official Defends Bailout Stance .Source: Wall Street Journal
AMSTERDAM—A day after roiling global markets by suggesting that investors and depositors should pay up in future bank bailouts, Jeroen Dijsselbloem, the president of the group of euro-zone finance ministers, defended his stance,...
Source: NY Times
BRUSSELS — The British government stood isolated on an important European Union issue Tuesday after finance ministers from elsewhere in the bloc rejected its effort to water down proposed limits on bankers’ bonuses.
March 6, 2013 A blueprint to make banks behave
Reuters - Banking integrity has become an oxymoron. Top bankers need to change this and take responsibility for tackling ethical issues. For this to happen, every part of the organization â from senior management to human...
HSBC is different from other banks. For a start, it sees nothing wrong in handing a £2m bonus to the boss in a year in which the bank took a record-breaking fine of £1.2bn in the US for money-laundering and sanctions breaches.
February 28, 2013 Rule Split to Put U.S. Banks at a LossSource: Wall Street Journal
How bad is a bad bank loan? Accounting regulators in the U.S. and Europe disagree, and their rift could lead to tens of billions of dollars being carved off U.S. lenders' current profits.
February 4, 2013 Ethics at Barclays Went Into the ShredderSource: Bloomberg
There are two ways to look at the news that Antony Jenkins, the chief executive officer of Barclays Plc (BARC), will turn down his $1.6 million bonus this year. One is that it is another positive step to reforming the embattled...
February 4, 2013 George Osborne backs bank break-up powers (UK)Source: BBC
The UK's big banks will be separated if they fail to follow new rules to ring-fence risky investment operations from High Street outlets, Chancellor George Osborne has announced
January 22, 2013 EU states to get green light for new financial trading taxSource: The Independent
Germany, France and nine other euro zone countries will get the go-ahead today to push on with a financial transactions tax. It’s a measure likely to unsettle banks but which will please voters and raise much-needed revenue.
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