Banking

British banks propose regs to bar bad actors Fallback Image Decorative pattern

Industry

British banks propose regs to bar bad actors

The British Bankers’ Association (BBA) wants all UK bankers to join an independent professional body, similar to that of lawyers and doctors, reports FT.com. If approved, bankers that breach ethical or professional standards risk being barred from the business. This general register would go beyond the Financial Services Authority’s register, which applies to senior management […]

By Wire services |October 17, 2012

1 min read

Fed official proposes new U.S. bank cap Fallback Image Decorative pattern

Economic Indicators

Fed official proposes new U.S. bank cap

U.S. lawmakers are being urged by regulators to cap the size of banks based on the amount of their borrowing.

By Wire services |October 11, 2012

2 min read

LIBOR losing benchmark status? Fallback Image Decorative pattern

Economic Indicators

LIBOR losing benchmark status?

Scandal-ridden LIBOR may be losing its benchmark status now that a smaller group of banks are the ones setting it, reports Bloomberg. Read: Should LIBOR be scrapped? Submissions by Bank of America Corp., Citigroup Inc., Bank of Tokyo Mitsubishi UFJ Ltd., RBC, and Sumitomo Mitsui Financial Group Inc. have been used in setting the rate […]

By Wire services |October 9, 2012

1 min read

Cyber bullies target major U.S. banks Fallback Image Decorative pattern

Industry

Cyber bullies target major U.S. banks

Following warnings earlier this month, six major American banks were hit in a wave of computer attacks last week that caused web blackouts and delays in online banking, reports The New York Times. Read: U.S. banks may face cyber attacks Customers of Bank of America, JPMorgan Chase, Citigroup, U.S. Bank, Wells Fargo and PNC couldn’t […]

By Staff |October 1, 2012

1 min read