The U.S. ban on Chinese affiliates of the four biggest accounting firms stands to undermine a pickup in initial share sales by Chinese companies in New York. . .
Trading is changing in the minutes before currency benchmarks are set as regulators shine a light for the first time on alleged misconduct in the $5.3 trillion-a-day foreign-exchange market. . . .
http://www.bloomberg.com/news/2014-01-27/london-afternoon-currency-spikes-subside-under-regulators-glare.html
Iceland let its banks fail in 2008 because they proved too big to save. . .
Credit Suisse Group AG (CSGN), the second-largest Swiss bank, is paying part of 2013 bonuses to top employees in bonds that can be wiped out if the firm fails to maintain enough capital. . .
Citigroup is set to pay most of its investment bankers in Europe at least half of their bonuses in cash, as US banks push ahead with moves to hand star employees the most generous pay deals in the industry. . .
http://www.theguardian.com/business/2014/jan/26/citi-bankers-bonuses-cash-europe