Regulators Reject ‘Living Will’ Plans of Three Banks
BNP Paribas, HSBC, and Royal Bank of Scotland are told to resubmit their plans by the end of the year.
Can HSBC Hold Itself Together?
"We’re still on a journey to simplify the firm. I don’t rule out that we might make more disposals,” says CEO Stuart Gulliver.
Leaked Files Show HSBC Helped Clients With Tax Dodges
The Swiss private banking arm of HSBC abetted wealthy clients looking to avoid taxes on more than $100 billion, documents show.
S&P Kicks Off European Bank Downgrades
The EU's bank-resolution law, which requires creditors to take losses before the government steps in, will lead to more ratings actions.
CFO Savors Wild World of Consumer e-Lending
Having had enough of highly regulated, big-bank commercial lending, Suk Shah revels in his new-found flexibility as a leader.
Amazon Bond Sale Greeted Rudely by Moody’s
The online retailing giant's new debt issue would weaken interest coverage and hurt Amazon's debt-to-EBITDA ratio, says Moody's.
Emerging Markets Boost U.S. Trade Prospects
The outlook for cross-border trade continues to improve, although at slower pace.
More U.S. Firms Use Chinese Currency Renminbi for Deals
The RMB isn't yet a mainstream currency for cross-border transactions, but it may be in a few years.
Global Banking: Inglorious Isolation
To avoid another crisis, the Fed further fragments global finance.
European Banks Face Libor Liabilities
Different accounting rules could mean a quicker, bigger hit on their balance sheets.
Libor’s Double Whammy for European Banks
Different accounting standards could mean a quicker and bigger hit on the balance sheets of European banks than those of their American counterparts.