Banking Weekly

After Standard Chartered's announcement that it will pay an additional $330m to resolve investigations into US sanction breaches and a deal expected from UBS in the next few weeks over the Libor scandal, the banking team asks why lenders are rushing to reach settlements with regulators. They also discuss the consequences for Deutsche Bank after it emerged that three former employees told regulatory authorities that the bank hid up to $12bn of paper losses during the financial crisis.

The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments

The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments

It's good news for RBS as private equity groups including AnaCap Financial and JC Flowers join Virgin Money and Nationwide in expressing interest in the lender's 316 branches, following the collapse of a deal with Santander in October. The banking team also discuss whether Barclays will follow the lead of UBS in winding down its global investment operations, following pressure from the bank's biggest investors.

As scandal after scandal hits lenders, the banking team talk about the Financial Services Authority's warning to banks operating in London that they must reduce bonus payouts. Also under discussion are proposals by the Financial Stability Board to tackle shadow banking, an industry worth half the size of the global banking sector.

As Goldman Sachs joins a plethora of lenders including HSBC and Barclays that face renewed scrutiny over rule breaches, the banking team talk about the impact of legacy issues on banks. Also under discussion are radical proposals by Hermes to scrape annual bonuses and Commerzbank’s decision to repay €10bn of ECB loans early.

This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders.

This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders.

This week the banking team discuss UBS's move to split its investment unit and whether other banks will take similar decisive action as they come under regulatory and cost-saving pressures. Also under discussion is Lloyds' scheme to scrap incentives linked to product sales, as UK lenders come under renewed scrutiny following mis-selling scandals.

Following Vikram Pandit’s surprise resignation from Citigroup, the banking team analyses events leading up to the chief executive’s departure and whether his replacement, Mike Corbat, is what the troubled group needs. Also under discussion are plans by Lloyds to reform its remuneration structure by ditching annual bonuses, as the bank attempts to appease the government, shareholders and the public.

This week the banking team ask whether strong third-quarter results from JP Morgan and Wells Fargo bode well for other US banks and the implications of the FSA's decision to loosen capital and liquidity rules for lenders. Alistair Gray, insurance correspondent, and Sharlene Goff, retail banking correspondent, also discuss RBS' future after its deal to sell more than 300 branches to Santander collapsed.

This week the team is joined by Elaine Moore, deputy personal finance editor, to discuss Nationwide Building Society’s decision to stop offering interest-only mortgages to new borrowers. Also what is the significance of plans by James Gorman, Morgan Stanley’s chief executive, to sacrifice staff and reduce bonuses, and how has the banking sector reacted to recommendations of the Liikanen report?

This week the team look at the Spanish banking system, after a recent report into the country’s 14 largest lenders found they could need up to €60bn in new capital. But are recent stress-tests enough to restore confidence? They also discuss JPMorgan’s recent deal that saw it snap up three quarters of the first European commercial mortgage bond launched since the financial crisis and regulatory pressures on the banking sector

This week the Banking team are joined by Paris correspondent Scheherazade Daneshkhu to discuss Société Générale's plans to boost profits in Russia and Romania by the end of next year. They also look Standard Chartered's signing of a $340m settlement to resolve allegations it violated US sanctions on Iran and they debate what the future holds for London, as strict enforcement of new EU regulation begins to push debt deals away from the City

As Chinese businesses do more deals in Europe, its big banks are starting to look at potential acquisitions in Europe, why former HBOS banker Peter Cummings was singled out personally by the regulator and the trial of the former UBS’s trader Kweku Adoboli accused of causing the largest unauthorised trading loss in British history gets underway.