Bank of England governor Mark Carney has said it is time to look at clawing back the overall pay of bankers in the event of wrong-doing. . .
Authorities in Brussels have charged HSBC’s private banking arm, which is based in Switzerland, with helping wealthy Belgians to avoid taxes. . .
Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases. . .
A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year. . .
Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns. . .
The Financial Stability Board is proposing a new minimum standard for total loss-absorbing capacity, which is designed to provide confidence that systemically important global banks can absorb losses without upsetting financial stability and the wider economy.
New global rules to prevent banks that are “too big to fail” from being bailed out by taxpayers have been proposed. . .
It was an everyday kind of quarter for HSBC: superficially healthy earnings were undermined by a $1.6bn charge to cover a long list of fines, provisions and compensation bills. By way of variation on a theme, there was news of a possible criminal investigation over tax matters in France. . .
Royal Bank of Scotland is ditching the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout. . .
http://hereisthecity.com/en-gb/2014/11/04/rbs-ditches-auditors-deloitte-after-45bn-taxpayer-bailout/