New global rules to prevent banks that are “too big to fail” from being bailed out by taxpayers have been proposed. . .
It was an everyday kind of quarter for HSBC: superficially healthy earnings were undermined by a $1.6bn charge to cover a long list of fines, provisions and compensation bills. By way of variation on a theme, there was news of a possible criminal investigation over tax matters in France. . .
Royal Bank of Scotland is ditching the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout. . .
http://hereisthecity.com/en-gb/2014/11/04/rbs-ditches-auditors-deloitte-after-45bn-taxpayer-bailout/
HSBC has set aside $378m (£237m) to cover potential costs from investigations into currency trading. . .