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International News & Information
News and Information
April 16, 2014 Credit Suisse rebuffs foreign exchange probeSource: BBC News
Swiss bank Credit Suisse has found nothing "materially untoward" in how it trades foreign currencies, finance officer David Mathers has said. Credit Suisse has faced scrutiny from regulators over alleged collusion to manipulate...
Credit Suisse Group (CSGN) AG, Switzerland’s second-biggest bank, said losses in the fourth quarter were larger than previously reported after it booked more charges for a probe into tax evasion by U.S. clients.
Switzerland's competition commission WEKO said on Monday it had opened an investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates. WEKO said it is investigating UBS,...
March 26, 2014 EU nations except Britain agree on new treaty to save euro
usatoday30.usatoday.com - BRUSSELS â In the end, there were 26. After a marathon all-night session and another day of wrangling at a crucial summit in Brussels, European leaders hammered out a deal they hope will stave off...
February 25, 2014 HSBC plans to sidestep EU bonus cap revealedSource: FT.com
HSBC became the first bank to reveal how it plans to sidestep a new EU cap on bonuses, hiking the fixed pay of hundreds of senior executives even as its profit growth fell short of analysts’ expectations.
February 19, 2014 Fed Toughens Rules for Large Foreign BanksSource: ABC NEWS
The Federal Reserve will require the largest foreign banks operating in the United States to hold higher levels of capital reserves to protect against potential loan losses. The stricter regulations the Fed adopted Tuesday are...
February 6, 2014 Dutch Bankers Swear to God as Trust in Lenders SlumpsSource: Bloomberg
“I swear that I will do my utmost to preserve and enhance confidence in the financial-services industry. So help me God.” The oath, the first of its kind in Europe, became binding on board members of Dutch banks last month as...
February 4, 2014 ECB vice-president defends strength of its health check on banksSource: FT.com
The European Central Bank on Monday countered attacks on the credibility of its crucial health check of the eurozone’s biggest lenders, saying its clean-up operation would leave no doubts over the financial system and help boost...
January 28, 2014 Banks Influencing Europe Profits Most Ever After 38% Stock Gain
Businessweek - Even as bond yields in Italy (GBTPGR10) and Spain have retreated from record highs during the crisis, lendersâ bad loans in the euro-areaâs third- and fourth-largest economies have increased. Data this...
January 17, 2014 U.S. says Europe bank failure fund inadequate
Reuters - Lew said a deal struck in Europe last month to create a fund over the coming decade for dealing with future bank failures was important, but inadequate. "We don't think it's big enough. We don't think it's fast enough,"...
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