Bank

Holder says some banks “too large” Fallback Image Decorative pattern

Industry

Holder says some banks “too large”

U.S. Attorney General Eric Holder has suggested that some banks have become too large, making it difficult to bring criminal prosecutions against them, “and feeding suspicion among lawmakers who believe that some bankers are ‘too big to jail,’” reports FT.com.

By Staff |March 7, 2013

1 min read

EU pressuring banks for greater transparency Fallback Image Decorative pattern

Industry

EU pressuring banks for greater transparency

The EU parliament is pushing for greater transparency rules that would require banks to report taxes and profits on a country-by-country basis, reports ft.com.

By Staff |February 20, 2013

1 min read

JPMorgan’s star trader to set up hedge fund Fallback Image Decorative pattern

Industry

JPMorgan’s star trader to set up hedge fund

Undaunted by the string of new hedge funds that failed to take off, JPMorgan’s global head of equity proprietary trading, Deepak Gulati, is said to be parting ways to launch a hedge fund in Switzerland. Considered one of the bank’s most successful traders, Gulati has passed over London to make Zeg, the low-tax Swizz town, […]

By Staff |February 14, 2013

1 min read

European banks to cut bonuses Fallback Image Decorative pattern

Economic Indicators

European banks to cut bonuses

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]

By Wire services |February 4, 2013

1 min read