Company News: Financial Market News



HSBC sets aside $378m in currency probe

HSBC has set aside $378m (£237m) to cover potential costs from investigations into currency trading. . .

http://www.bbc.co.uk/news/business-29876438#

Company News: Financial Market News



JP Morgan faces US currency trading probe

JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading . . .

http://www.bbc.co.uk/news/business-29890376#

Company News: Financial Market News



UBS misses profit estimates after $1.9bn legal provision

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. . .

http://www.bbc.co.uk/news/business-29798109

Company News: Financial Market News



German ex-CEO of BayernLB bank guilty of bribery

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. . .

http://www.bbc.co.uk/news/world-europe-29784554

Company News: Financial Market News



Penalise ‘bad apple’ traders, suggests Bank of England

More should be done to punish traders who try to manipulate financial markets, the deputy governor of the Bank of England has said . . .

http://www.bbc.co.uk/news/business-29788270

Company News: Financial Market News



RBS Set to Reach FX Settlement Within Year, CEO Says

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

Company News: Financial Market News



UBS banker goes on trial

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/

Company News: Financial Market News



Frequently asked questions on the Basel III leverage ratio framework

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. . .

http://www.bis.org/publ/bcbs293.htm

Company News: Financial Market News



Corporate governance principles for banks – consultative document

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

Company News: Financial Market News



Mark Carney says bankers’ behaviour needs to change

Bankers’ behaviour still needs to change following the financial crisis, Bank of England governor Mark Carney has warned.

http://www.bbc.co.uk/news/business-29596866