Tough Talk in U.K. on Banks, Starbucks Taxes
The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.
Goldman President Cohn Will ‘Probably Read’ Op-Ed Writer’s Tell-All Book
Is all forgiven? Probably not.
Few Apply for Top BoE Spot
The list of candidates to succeed Mervyn King as governor of the Bank of England is smaller than expected, with many potential candidates disqualified because of recent investigations into bank misdeeds, and two of the top contenders off the list by choice.
BoE Votes to Continue QE as Split Emerges
Meanwhile, members voted to maintain the central bank’s interest rate at its current low of 0.5%.
Global Investing and Election: 6 Key Strategies by 6 Top Analysts
To sort out the pros and cons of international investing this election season, AdvisorOne went straight to the source for some of the best commentary from thought leaders in asset management.
French Banks’ Trading Assets Create ‘Systemic Risk’
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
August Deficit Hits Record in U.K.
Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.
LIBOR Will Be Gone in 5 Years: Poll
A majority of investors surveyed around the world believe that LIBOR will be gone within five years, and a more tightly regulated benchmark will take its place.
Parliament Report Slams Barclays, Banking Culture Over LIBOR
A report issued by Britain’s Parliamentary Treasury Select Committee had harsh words for just about everyone involved in the LIBOR-rigging scandal.
Banks Looking for ‘Scientific’ LIBOR Method
They are trying to limit their liability even as London-based Barclays, hit with a record fine over its role in LIBOR manipulation, named a new chairman to replace the one felled by the scandal.