A Barclays document sent to shareholders has laid bare the full extent of the bank’s legal woes, ranging from continuing court tussles over rigging interest rates to allegations of ripping off its own clients. . .

http://www.theguardian.com/business/2014/aug/14/barclays-investor-prospectus-legal-battles

Barclays Plc (BARC) is poised to be hit with its second fine by British regulators over failures to segregate client assets properly, a setback to Antony Jenkins’s efforts to put the lender’s legal woes behind him, two people with knowledge of the matter said.

http://www.bloomberg.com/news/2014-08-15/barclays-said-to-face-fine-over-client-asset-segregation.html

Barclays’ six-monthly pre-tax profits have fallen after investment bank revenue fell. . .

http://www.bbc.co.uk/news/business-28558345#

Aug 12 (Reuters) – German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said on Tuesday. . .

http://www.reuters.com/article/2014/08/12/deutsche-bank-fitschen-idUSL6N0QI10A20140812

Firms in London’s main financial district, known as the City, awarded new hires with an average pay increase of 20 percent in July as companies added employees in product control and information technology, a survey showed. . .

http://www.bloomberg.com/news/2014-08-10/london-banks-award-new-hires-20-more-pay-in-july.html

ECB Working Paper Series:

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1712.pdf

Asia director’s comments follow news of second fine for breaking money laundering rules and worries voiced by Lloyds and HSBC . .

http://www.theguardian.com/business/2014/aug/07/standard-chartered-director-bankers-treated-like-criminals

• Manual gives details on “join-up” of asset quality review (AQR) and stress test

• Manual outlines the stress test quality assurance process, which ensures a rigorous exercise
• Publication of the manual adds to the transparency of the comprehensive assessment and the credibility of the exercise

http://www.ecb.europa.eu/press/pr/date/2014/html/pr140808.en.html

Germany’s financial regulator, BaFin, is extending investigations into alleged interest-rate manipulation at Deutsche Bank AG, Europe’s largest investment bank, German magazine Der Spiegel reported.

http://www.bloomberg.com/news/2014-08-03/bafin-extends-deutsche-bank-libor-investigation-spiegel-says.html

The largest global investment banks face further cost reductions, like the job cuts JPMorgan Chase & Co. (JPM) began this month, after a drop in first-half expenses failed to match a decline in revenue.

http://www.bloomberg.com/news/2014-07-30/investment-bank-job-cuts-loom-as-cost-drop-trails-revenue.html