Company News: Financial Market News



Company News: Financial Market News



Liquidity stress testing: a survey of theory, empirics and current industry and supervisory practices

Stress-testing is an important tool in developing a complete picture of an institution’s liquidity risk profile. What constitutes a good stress test is, however, not universally clear. . .

http://www.bis.org/publ/bcbs_wp24.htm

Company News: Financial Market News



EU Lawmakers Reject Draghi Call for Bank Bondholder Clemency

The European Union’s competition authorities should resist a challenge by European Central Bank President Mario Draghi to the imposition of bondholder losses at banks that receive public aid, two senior EU lawmakers said.

http://www.bloomberg.com/news/2013-10-22/eu-lawmakers-reject-draghi-call-for-bank-bondholder-clemency.html

Company News: Financial Market News



Deutsche Bank widens Libor probe after chatroom found – source

Deutsche Bank has widened an internal probe into possible manipulation of the Libor benchmark interest rate after discovering a new chatroom where traders may have colluded, a source familiar with the matter said on Monday. . .

http://uk.reuters.com/article/2013/10/21/deutschebank-libor-idUKL5N0IB19820131021 rpc=401&feedType=RSS&feedName=swissMktRpt&rpc=401

Company News: Financial Market News



Barclays Executives Knew of Libor Lowballing, Guardian Claims

Current and former executives at Barclays Plc knew that the bank submitted lower-than-accurate Libor rates as early as 2007, according to transcripts of conversations between executives cited in a U.K. court case. . . .

http://www.bloomberg.com/news/2013-10-17/barclays-executives-knew-of-libor-lowballing-suit-claims.html

Company News: Financial Market News



Twenty-two more face investigation over potential Libor rigging

The Serious Fraud Office has written to 22 individuals to tell them they are facing investigation for potential Libor rigging, a London court  heard on Monday. . .

http://hereisthecity.com/2013/10/22/twenty-two-more-face-investigation-over-potential-libor-rigging/

Company News: Financial Market News



Company News: Financial Market News



Co-op Group to lose overall control of Co-op Bank

The head of the Co-op Group has confirmed that the mutual organisation will lose overall control of the Co-op Bank as a result of a rescue deal. . .

http://www.bbc.co.uk/news/business-24609998#

Company News: Financial Market News



ECB’s quarterly survey on qualitative survey on credit terms and conditions published

The European Central Bank is today publishing a report on the results of the September 2013 qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). The survey is conducted four times a year, covering changes in credit terms and conditions over the three-month reference periods ending in February, May, August and November . . .

http://www.ecb.europa.eu/press/pr/date/2013/html/pr131014_1.en.html

Company News: Financial Market News



JPMorgan sees some ugly firsts with earnings

JPMorgan’s third-quarter earnings saw a lot of firsts for the bank, including, for the first time in eight years, that the bank posted a loss. . .

http://hereisthecity.com/2013/10/12/jpmorgan-sees-some-ugly-firsts-with-earnings/