HSBC has set aside $378m (£237m) to cover potential costs from investigations into currency trading. . .
JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading . . .
Switzerland’s biggest bank, UBS, has missed profit estimates after it set aside $1.9bn (£1.2bn) in legal provisions amid an investigation over alleged currency-rigging. . .
A German court has given a suspended jail term to the ex-boss of BayernLB bank for having bribed Austrian far-right politician Joerg Haider in 2007. . .
More should be done to punish traders who try to manipulate financial markets, the deputy governor of the Bank of England has said . . .
Royal Bank of Scotland Group Plc could reach a settlement with authorities over the alleged rigging of foreign-exchange markets in the next six to 12 months, Chief Executive Officer Ross McEwan said. . .
http://www.bloomberg.com/news/2014-10-10/rbs-faces-cold-winter-as-fx-settlement-looms-ceo-says.html
UBS’ Raoul Weil, who goes on trial in Florida on Tuesday, is accused of helping wealthy Americans evade millions in taxes. . .
http://hereisthecity.com/en-gb/2014/10/14/what-this-swiss-banker-could-reveal-at-his-trial/
The Basel Committee on Banking Supervision has today issued frequently asked questions (FAQs) on the Basel III leverage ratio. To promote consistent global implementation of the requirements, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the standard and any interpretative guidance that may be necessary. . .
The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis — as much as a quarter of risk-weighted assets — as regulators take on lenders deemed too big to fail. . .
http://www.bloomberg.com/news/2014-10-06/global-banks-face-25-loss-absorbency-rule-in-fsb-plan.html
Bankers’ behaviour still needs to change following the financial crisis, Bank of England governor Mark Carney has warned.