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
UBS AG (UBSN) Chief Executive Officer Sergio Ermotti dismissed speculation that Switzerland’s biggest bank will spin off its investment-banking business to meet regulators’ demands for holding more capital. . .
http://www.bloomberg.com/news/2014-01-13/ermotti-says-ubs-isn-t-considering-a-spinoff-of-investment-bank.html
The full document can be read at the following link:
The Magyar Nemzeti Bank ‘s research paper can be read at the following link:
http://english.mnb.hu/Root/Dokumentumtar/ENMNB/Kiadvanyok/mnben_mnbfuzetek/WP_2013-03_final.pdf
You can read the full document at the following link:
The full publication by the BIS can be found at the following link:
Global regulators diluted a planned debt limit for banks amid warnings that the rule would penalize low-risk financial activities and curtail lending. . .
http://www.bloomberg.com/news/2014-01-12/banks-get-scaled-back-rule-on-debt-limit-from-basel-regulators.html
Bankers are using “sneaky” ways of avoiding the European Union’s new cap on bonus sizes, a think tank has claimed.