Deutsche Bank AG, Europe’s biggest investment bank by revenue, reported a surprise fourth-quarter loss, hurt by legal costs and accounting charges. The shares fell as much as 5.3 percent. . .
HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. . . .
http://www.bbc.co.uk/news/business-25787445#
Investment bankers working in London for many top U.S. and European groups face a major overhaul of their pay structure, as their recent bonuses have far exceeded new EU rules which will curb payouts to be made this time next year. . .
http://uk.reuters.com/article/2014/01/07/uk-banks-pay-bonuses-idUKBREA0613V20140107
This is a big week. A very big week. A several-billion-dollar week, in fact, if you happen to be a Wall Street banker. . .
http://www.theguardian.com/business/2014/jan/12/bank-bonuses-brace-wall-street-trousering