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International News & Information
News and Information
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
October 27, 2014 ECB fails 25 banks in health check but problems largely solvedSource: Reuters
Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday.
September 15, 2014 European Banks Get New Capital Hit From Accounting RuleSource: Bloomberg
European banks already under pressure to strengthen capital ratios may have to hold off on distributing profit to shareholders because of new accounting rules on how loan losses are calculated
Source: Bloomberg BusinessWeek
The Bank of Portugal will take control of Banco Espirito Santo’s assets and deposit-taking operations by transferring them to a new company, Novo Banco, into which it will inject money from its Resolution Fund (BRAEAIA), the...
Source: Bloombeg TV
Bloomberg’s Manus Cranny reports that the Bank of England has set a seven-year clawback rule on banker bonuses in an effort to reduce short-term risk-taking. He speaks on “The Pulse.”
July 22, 2014 Credit Suisse: $779M loss after U.S. settlementSource: USA Today
Swiss banking giant Credit Suisse reported more than $700 million in losses for the second quarter of 2014, which the company attributes to a $2.6 billion settlement with the United States for helping wealthy American clients...
June 30, 2014 US authorities 'picking' on European banksSource: BBC News _ text/audio
There is an "obvious case" to suggest that US authorities are placing larger fines on European banks, Financial Services Club chair Chris Skinner has said. His comments came as it was reported BNP Paribas could be fined $8.9bn...
Source: Bloomberg BusinessWeek
Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
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