Company News: Financial Market News



Banks hoarding cash ahead of ECB stress tests

Banks hoarding cash ahead of the ECB’s new “stress tests” are holding back vital funding from euro zone businesses, according to consultancy EY. . . .

http://hereisthecity.com/en-gb/2014/03/31/banks-hoarding-cash-ahead-of-ecb-stress-tests/

Company News: Financial Market News



ECB: Working Paper Series NO 1659 / March 2014.

Wishful Thinking or Effective Threat? Tightening Bank Resolution Regimes and Bank Risk-Taking

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1659.pdf

Company News: Financial Market News



Wal-Mart sues Visa for fixing price of credit card fees

Giant US retailer Wal-Mart has sued credit card firm Visa for $5bn (£3bn),  alleging that Visa worked with large banks to fix the price of transaction fees  it charged to Wal-Mart. . . .

http://www.bbc.co.uk/news/business-26780821#

Company News: Financial Market News



Savers locked into ‘rip-off’ pensions and investments may be free to exit, regulators will say

Savers locked into rip-off pensions and investments could be given a free exit   or moved to better deals, regulators will say next week.

The City watchdog is planning an inquiry into 30 million policies sold by   insurance companies from the Seventies to the turn of the Millennium, The   Telegraph can disclose. . .

http://www.telegraph.co.uk/finance/personalfinance/pensions/10728440/Savers-locked-into-rip-off-pensions-and-investments-may-be-free-to-exit-regulators-will-say.html#disqus_thread

Company News: Financial Market News



Swiss probe banks over foreign exchange market

Switzerland’s competition commission is investigating possible manipulation of foreign exchange rates at several British, US and Swiss banks. . .

http://www.bbc.co.uk/news/business-26816057#

Company News: Financial Market News



BNP Targets Annual Revenue Growth Above 6% at Investment Bank

BNP Paribas SA (BNP) will seek to boost revenue at its corporate and investment bank by more than 6 percent a year through 2016, as France’s biggest lender sets out growth plans amid signs Europe’s economy is recovering. . .

http://www.bloomberg.com/news/2014-03-24/bnp-targets-annual-revenue-growth-above-6-at-investment-bank.html

Company News: Financial Market News



Credit Suisse pays $885m to settle US mortgage case

Credit Suisse has agreed to pay $885m (£536m) to settle claims it mis-sold  mortgage-backed securities in the US before the financial crisis . . .

http://www.bbc.co.uk/news/business-26692114#

Company News: Financial Market News



News Release – The Bank of England’s supervision of financial market infrastructures – Annual Report

The Bank of England’s supervision of financial market infrastructures – Annual Report is published . . .

http://www.bankofengland.co.uk/publications/Pages/news/2014/056.aspx

Company News: Financial Market News



Stefan Ingves: The international regulatory agenda – necessary but not enough

Speech by Mr Stefan Ingves, Governor of the Sveriges Riksbank and Chairman of the Basel Committee on Banking Supervision, at the Affärs Världen Bank and Finans Outlook, Berns, Stockholm, 19 March 2014. . .

http://www.bis.org/review/r140321d.htm

Company News: Financial Market News



JPMorgan to HSBC Face EU Rate-Rigging Fines From Almunia

JPMorgan Chase & Co. (JPM) and HSBC Holdings Plc (HSBA) face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements. . .

http://www.bloomberg.com/news/2014-03-13/jpmorgan-to-hsbc-face-eu-rate-rigging-fines-from-almunia.html