Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans’ retirement funds after its decision to plead guilty to tax crimes.
http://uk.reuters.com/article/2014/11/14/uk-credit-suisse-plea-pensions-idUKKCN0IY28020141114

UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders…

http://www.reuters.com/article/2014/11/14/banksforex-settlement-ubs-idUSL3N0T47Z420141114

This paper analyses how the Basel III leverage ratio (Tier 1 capital/exposure) behaves over the cycle. The analysis proposes a setup to test for the cyclical properties of bank capital ratios, taking into account structural shifts in banks’ behaviour during the global financial crisis and its aftermath. http://www.bis.org/publ/work471.htm

Japan’s economy unexpectedly shrank for the second consecutive quarter, leaving the world’s third largest economy in technical recession. . .

http://www.bbc.co.uk/news/business-30077122

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