banks Tag

ISDAfix Swap Rate Manipulation - Q&A The ISDAfix Benchmark Swap Rate Manipulation lawsuit involves 13 banks, all sued by Alaska Electrical Pension Board (AEPB) and other plaintiffs. The banks named are: Bank of America, Barclays, BNP Paribas, Citibank, Credit Suisse, Deutschebank, Goldman Sachs, Royal Bank of...

After 7 years of preparation, the UK courts are bringing individuals to trial as the LIBOR scandal heads to court.  SUSPICIOUS DEATHS & SUICIDES You may recall during 4Q13 and 1Q14 when 12 bankers committed suicide. The stories are as varied as they are sordid. The media...

WHAT’S THE DIFFERENCE BETWEEN FINANCIAL SERVICE COMPANIES? When I consider the FSOC’s SIFI Designation for non-banks, I'm reminded of two things – the difference between banks & insurance companies, and the joke: “Do you know the difference between an elephant and a dozen eggs?”  “No, what’s the difference?” "Well,...

SIFI DESIGNATION FOR NON-BANK FINANCIAL COMPANIES The Financial Stability Oversight Council (FSOC) approves the non-bank financial institutions viewed as Significantly Important Financial institutions (SIFIs). SIFI Designation requires all eight regulators: OCC, FDIC, CFPB, FHFA, FRB, NCUA, CFTC & SEC, one independent member with insurance expertise, and...