Company News



Credit Suisse Faces No ‘Rubber Stamp’ in Pension Review

Published on: Tuesday, June 3, 2014 by Paul Stanbridge

The U.S. Labor Department is one regulator that hasn’t immediately fallen into line to give Credit Suisse Group AG a pass following its May 19 guilty plea for helping Americans evade taxes. . . .

http://www.bloomberg.com/news/2014-06-02/credit-suisse-needs-u-s-nod-on-pension-work-after-charge.html



The BoE and ECB release Discussion Papers on Securitisation & Credit Data

Published on: Tuesday, June 3, 2014 by Paul Stanbridge

The Bank has published two Discussion Papers, one in conjunction with the European Central Bank on the securitisation market, and the second on improving the availability of credit data. Both of the Discussion Papers we are putting out today – in different, though complementary ways – aim to explore ways through which we can improve the diversity and robustness of credit supply in practice, in line with the Financial Policy Committee’s medium-term priority to improve the diversity and robustness of market-based finance and credit in the United Kingdom. . .

http://www.bankofengland.co.uk/publications/Pages/news/2014/082.aspx



Swiss pressure rises on Credit Suisse boss Dougan after U.S. deal

Published on: Tuesday, May 27, 2014 by Paul Stanbridge

Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week’s $2.5 billion (1.48 billion pounds) settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret bank accounts. . .

http://uk.reuters.com/article/2014/05/21/uk-creditsuisse-dougan-idUKKBN0E11S420140521



Deutsche Bank says faces around 1,000 big lawsuits

Published on: Tuesday, May 27, 2014 by Paul Stanbridge

Deutsche Bank  gave shareholders a sense of the size of its legal and regulatory problems on Thursday, when it said it faced around 1,000 major lawsuits.

http://www.reuters.com/article/2014/05/22/us-deutsche-bank-agm-lawsuit-idUSBREA4L0HR20140522?feedType=RSS&feedName=businessNews



HSBC comes under investor fire on bankers’ pay

Published on: Tuesday, May 27, 2014 by Paul Stanbridge

Reuters) – More than a fifth of HSBC’s shareholders opposed the bank’s pay policy on Friday in the latest show of anger that banks have not reined in bonuses enough in the wake of the financial crisis. . .

http://uk.reuters.com/article/2014/05/23/uk-hsbc-dividends-idUKKBN0E30VR20140523?rpc=401&feedType=RSS&feedName=businessNews&rpc=401