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Tag: capital requirements
Morning Coffee: Libor Scandal Now a People Problem
The Libor rate-fixing scandal gets uglier and more complex with each passing day. Not only will UBS be forced to admit culpability, agreeing to pay as much as $1.6 billion for illegally massaging interest rates, the firm will also see dozens of its bankers and managers implicated as part of the deal. Details from the […]
Morning Coffee: Leveling the Playing Field Could Mean Fewer Jobs
Sorry foreign banks; the loophole is soon to be closed. The Federal Reserve is prepping a set of strict new regulations that will force foreign banks operating in the U.S. to hold more capital within their subsidiaries. The move is aimed at limiting risk, but it could force firms like Deutsche Bank and Barclays to […]
Morning Coffee: Goldman Eying 1% in Asset Management Push
Strict capital requirements and other new regulations have caused big banks to exit some of their riskier businesses, like investment banking and equities, to allocate more resources to safer units like asset management. The loudest, most glaring example is UBS, which just picked up and ran out of its fixed income business like its hair […]
Morning Coffee: More Capital Means More Drama on Wall Street
The Financial Stability Board has finally drawn a line in the sand. It plans to require four of the world’s largest banks – Citigroup, Deutsche Bank, HSBC and J.P. Morgan Chase – to maintain stricter capital requirements than some of their competitors come 2019, potentially limiting their growth and changing the power structure of Wall […]
Investment Banks De-emphasizing Riskier Businesses
UBS’ latest efforts to prune its management structure are ostensibly about cost control within its advice segment, but they also find the Swiss-based firm focusing more and more on a business that’s tended to be more predictable and less risky to the bank on the whole. UBS, which suffered massive losses during the credit crisis […]
Thursday’s Headlines: Wirehouse Market Share Continues to Dwindle
It’s a dim picture for wirehouses. While their market has been slipping since the financial crisis, one consultancy predicts market share at four major wirehouses could drop by 35 percent by 2013, bringing the total slippage to 50 percent since before the crisis, Investment News reports. While total assets under management throughout the financial industry […]
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