Standard Chartered's incoming CEO Bill Winters is expected to raise capital and cut the bank's dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said.
British regulators are pressuring Bank of America's European investment-banking arm to improve its risk management practices, saying the current ones are "simplistic" and need to be retooled, the Wall Street Journal reported.
Two directors of HSBC’s operations in the UK have quit in protest ahead of tough new rules that could result in jail terms for reckless bankers.
Staff at British banks could be made to hand back bonuses more than six years after the money has been paid to them under a regime that will amount to the world's toughest rules on clawing back remuneration.
Britain's banking lobby has warned that proposals to claw back bonuses up to 11 years after they have been awarded would be unfair and potentially unenforceable.
Banks operating in the U.K. should amend employee contracts so they can recoup bonus payments from workers who exceed their risk limits or break financial-conduct rules, the Bank of England said.
The Bank of England is scrutinising allowances awarded to top staff by banks in an effort to establish whether they are a covert way of avoiding a new European Union cap on bonuses, a senior official at the central bank said on Tuesday.
Ross McEwan, CEO of the Royal Bank of Scotland, is to be called to a crunch meeting with the Bank of England over the state-backed bank’s capital position.
Barclays will issue £5.8bn in new shares as part of a move to plug a capital shortfall created by new regulatory demands.
A capital idea!