UBS, Switzerland’s biggest bank, must pay a 1.1 billion-euro ($1.4 billion) security deposit required by French investigators, a Paris court ruled . . .
Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters.
http://uk.reuters.com/article/2014/09/12/uk-fx-investigation-banks-idUKKBN0H71VO20140912
The European Banking Authority (EBA) published today its sixth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital, liquidity (liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)) and leverage ratios for banks in the European Union (EU). . .
EU commissioner warns of further action against banks paying shares and allowances as UK sets out its case against cap . . .
http://www.theguardian.com/business/2014/sep/08/eu-crackdown-banks-dodging-bonus-cap
The UK’s objection to the European Union’s plans to cap bankers’ bonuses is set to be heard in the bloc’s highest court on Monday. . .
Bonuses for Britain’s bankers and insurance workers rose at double the pace of those for the total workforce last year, despite politicians’ and regulators’ attempts to clamp down on bumper payouts at financial firms. . .
http://uk.reuters.com/article/2014/08/29/uk-britain-bonuses-banks-idUKKBN0GT1YH20140829?rpc=401&feedType=RSS&feedName=topNews&rpc=401
Citigroup Inc. has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people. . .
http://uk.reuters.com/article/2014/09/01/uk-citigroup-bonuses-idUKKBN0GW11P20140901
IMF economists argue monetary policies introduced since 2008 may have increased banks’ medium-term risk . .
More than 2,400 former Lehman Brothers bankers will have their pensions paid in full following a six-year legal battle. . . .
Standard Chartered has agreed to pay $300m (£180m) to New York’s top banking regulator for failing to improve its money laundering controls. . .