Andrei Nedelcu

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Standard Chartered under pressure over executive pay after investor revolt

Standard Chartered is under pressure to back down on executive pay and overhaul its communications with shareholders, having suffered a rebellion at …

Banking standards oversight body to be set up

<b>The UK's main banks have agreed to report each year on their behaviour and competence and to set up an independent body to oversee the industry.</b><p>The measures, set out by former CBI chief Sir Richard Lambert, include training programmes for bankers.<p>The new Banking Standards Review Council (BSRC) will …

Banking

Credit Suisse's plea is kabuki theatre. Big US banks are still getting off easy

Getting a bank on tax evasion is like getting Al Capone on tax evasion. It's a punchline that suggests with absolute certainty that bigger crimes are going to go unpunished.<p>Consider Credit Suisse, a giant international bank that on Tuesday pleaded guilty to one charge of conspiracy for helping …

JPMorgan fine equivalent of three minutes of profit

The world’s biggest bond dealers, including JPMorgan and Morgan Stanley, failed to properly report trades to the industry’s price-tracking system …

Too-big-to-fail funds will cost you: Vanguard CEO

Vanguard Group CEO Bill McNabb says the idea of tagging some funds as systemically important to the financial system - like banks-will cost investors.<p>…

Biggest Banks Face Tougher Basel Rule on Risk Concentration

Banks identified as systemically important to the global economy face tighter rules on how much business they can do with each other as part of a …

Citigroup and Justice to meet over mortgage-backed securities

The Justice Department and Citigroup plan to meet next month in the opening salvo of multibillion-dollar settlement talks aimed at ending probes into …

China to overtake US economy; India trumps Japan

China is set to overtake the U.S. as the world's number one economy, while India has jumped into third place ahead of Japan, according to a new study …

BNP Paribas Disproves ‘Too Big to Indict’

For years, bank executives and their lawyers and spin doctors have repeatedly embraced it as their last line of defense against prosecution: Criminal charges will bankrupt us. Jittery investors and clients won’t be able to do business with us if we’re officially a criminal enterprise. The …

Derivatives trading in Europe remains two-horse race

LONDON (Reuters) - Deutsche Boerse’s Eurex (DB1Gn.DE) and U.S. rival IntercontinentalExchange (ICE.N) will withstand challenges from rival bourses and be the dominant forces in on-exchange derivatives trading in Europe, a Eurex official said on Tuesday.<p>Global regulators decided after the financial …

Eurozone Unemployment Is Out, And It Remains The Ugliest Chart In The World

Eurozone unemployment is out, and it's held at 11.8%.<p>It's not just that the unemployment rate is so high, which makes it ugly, but rather that there's been so little improvement from the worst all-time levels. That's what's really astounding.<p>Here's the full report from Eurostat .

European Union