Things we're reading today include … Royal Bank of Scotland breaks vow to keep banks open by axeing 44 branches Lloyds Banking Group prepares for sale of more of taxpayer's stake Exclusive: Investment bank Lazard’s ‘cosy’ relationship with Government questioned by MPs Nasdaq setbacks test shareholder patience Exclusive: Lay off regulator Martin Wheatley or risk…
Our biggest stories of the past week are … March 31, 2014 Basel III: a mess of regulatory conflicts? I chaired a meeting recently between counterparty banks. The focus of the discussions was Basel III and, specifically, three new regulatory ratios required for banks to manage: April 01, 2014 Alibaba acquires China Union Pay in…
Things we're reading today include … How Nigeria will become Africa's biggest economy JPMorgan restructures ‘London whale’ unit Treasury would have 'overruled' regulator in favour of Co-op bid NatWest glitch leaves thousands of savers without interest Australian bank boss resigns 'to spend time with family' Credit Suisse takes new hit over tax probe Lloyds to…
Things we're reading today include … High frequency trading: the TV debate that brought Wall Street to a halt JP Morgan says processing payment from Russian embassy Challenger bank Aldermore's profits rise more than 1,000pc Citigroup faces criminal inquiry for fraud at Mexico unit: NYT Clearstream faces US criminal probe Intesa in talks to sell…
Things we're reading today include … SEC chair discusses probes into high-speed trading FBI investigates high-speed trading George Osborne vents fury over FCA leak fiasco HSBC has 'much work' to do on anti-laundering fixes, U.S. says Fed to consider final bank leverage rules on April 8 Judge orders Mt Gox CEO to U.S. for questions…
Things we're reading today include … Insurers push back with clamour for resignation of FCA chief Switzerland launches probe into FX rigging FCA to review rate rigging controls FCA boss should stay on FBI investigating high-speed trading outfits: WSJ Crowdfunding sites hit at new rules UK sees mobile banking 'revolution' FCA calls for £14.3m extra…
Things we're reading today include … Security firm Trustwave says Target data breach claims baseless Sir Win Bischoff, Lloyds chairman Investor giant warns banks on pay arrangements ahead of EU bonus cap Banking technology brings 'seismic decline' in branch transactions Even seasoned insiders are stunned by the pace of banking's root and branch revolution Bankers…
Things we're reading today include … Wal-Mart sues Visa for $5 billion over card swipe fees Police detain suspect after rumour sparks China bank run Fed rejects Citi’s 2014 capital plans 30m financial policies to be probed State regulators hire outside lawyer for dispute with SEC U.S. high-frequency trading ban unlikely: Nasdaq Euro zone not…
Things we're reading today include … Former UBS banker Branson to head Finma Mt. Gox says working with police in missing bitcoin probe BoE in China currency clearing deal Nat Rothschild’s bust-up with wealthy Bakrie family turns into Twitter storm Bank of America to pay $9.3 billion to settle mortgage bond claims RBS to resubmit…
