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International News & Information
News and Information
January 28, 2015 Fitch: New Accounting Rules for 2014 Reporting SeasonSource: Reuters
In a new report, Fitch Ratings examines the changes expected in 2014 accounts. For banks reporting under International Financial Reporting Standards (IFRS) the most significant new standards for 2014 accounts are IFRS 10, 11 and...
January 20, 2015 Enter Goldman Sachs as Irish Tell Banks It’s Payback TimeSource: Bloomberg
The government last week hired Goldman Sachs Group Inc. (GS) to advise on how to recoup Allied Irish Banks Plc (ALBK)’s 21 billion-euro ($24 billion) bailout as part of a strategy that could help push Ireland’s debt back below...
January 20, 2015 Bank Losses From Swiss Currency Surprise Seen MountingSource: Bloomberg
The $400 million of cumulative losses that Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in...
January 15, 2015 Dimon warns breaking up JPMorgan would hurt US financial powerSource: FT.com
US financial power would be diminished if it were left to Baby JPMorgans to compete with emerging Chinese megabanks, Jamie Dimon, JPMorgan Chase’s chief executive, said on Wednesday as he was forced to make
December 16, 2014 Co-op Bank fails stress test and Lloyds and RBS remain at risk in 'severe economic downturn'Source: BBC News
The Bank of England's doomsday economic scenario has left three of Britain's major banks under some stress.But only one, Co-op, has actually failed the test of what would happen if there were an economic crisis in the UK.
December 11, 2014 Regulators concerned at banks scaling back market making commitmentsSource: Reuters
Global financial regulators worry that banks are scaling back costly market making functions and that this could leave investors stranded, as well as squeezing funds to drive economic recovery, a senior official said on Tuesday.
December 8, 2014 Big four Aussie banks face shake-up
New Zealand Herald - Murray, a former Commonwealth Bank boss and îFuture Fundî chairman, was last year charged with undertaking the biggest health check of îAustraliaî's financial system since the 1997...
November 12, 2014 British, U.S. and Swiss Regulators Fine Big Banks $3.3 Billion in Foreign Exchange ScandalSource: NY Times
British, American and Swiss regulators fined five of the world’s biggest banks a combined $3.3 billion on Wednesday for conspiring to manipulate the foreign currency markets, the latest scandal to hit an industry facing increased...
November 10, 2014 Mark Carney: No more bank bail-outs (UK)Source: Telegraph (UK)
The Governor of the bank of England, in his position as chairman of the international Financial Stability Board (FSB), has unveiled proposals for forcing creditors to bear banks' losses.
November 6, 2014 Crunch Time for Britian's Big Four BanksSource: The Guardian (UK)
Competition and Markets Authority to embark on most detailed analysis of sector for a decade, looking into how banks treat small business and personal customers
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