Osborne quizzed over banks taxes

George Osborne
©FT Montage/EPA

Clarification sought on offsetting misconduct costs

Week in Review

Week in Review, February 6

Oil majors, Swiss banks, Alphabet, ChemChina and BA in the news

HSBC pays $470m to settle mortgage claims

US authorities say bank broke rules before seizing homes

Survey of FTSE finds Brexit complacency

Despite potential impact, few companies have contingencies for leaving EU

Top UK businesses unprepared for Brexit

FTSE blue-chips making few contingency plans

Prosecutors push for Sarao extradition

UK court told that most of trader’s alleged victims are in the US

Lending to emerging markets comes to halt

BIS fears ‘vicious’ circle’ of deleveraging and turmoil

Pension firms ‘hide’ guidance services

Minister angry at lack of promotion for Pension Wise

Intesa profits hit by small banks rescue

Italy’s second-largest lender says loan portfolio is improving

Q&A: Insurance for flood-threat homes

£180m Flood Re scheme hatched between the industry and government

Global financial stocks slide to new lows

Ultra-loose monetary policy stokes fear over growth, credit and bank returns

Nagging doubts about Dimon’s gift horse

JPMorgan boss has been known to ride roughshod over dissenters

CMC Markets shares fall below IPO price

Peter Cruddas owns 90% of spread-betting group, 30% of which he plans to sell earning him £200m

Collateral call spurs LafargeHolcim sale

Galchev’s Eurocement sold $1.5bn stake after lender’s request

British MEP worries about bank bailouts

Syed Kamall warns securitisation ‘comes with health warnings’

How risky is Asia’s rising household debt?

Differentiation is key in assessing sharp rise across the region

Your pension — and how to protect it

High earners at risk of hefty charges on their retirement pots

BNP Paribas to shrink investment arm

Move to cost €800m over three years

Hedgies get the drift at St Anton

No business like snow business for celebrating a payday bonanza

Sir Jeremy Morse, banker, 1928-2016

Intellectual instrumental in reform of monetary order and growth of Lloyds Bank

Credit Suisse recovery plan hits snag

Cost-cutting plans have yet to make an impression on balance sheet

ING earnings beat expectations

Higher margins and a bigger loan book are driving the Dutch lender’s profits

The benefits of scrapping cash

Drug dealers and terrorists do not favour bank accounts

Credit Suisse: cheesed off

Investors who supported the rights issue have already lost a fifth

Risky derivatives trades face higher costs

Tougher rules proposed for banks arouse fears of knock-on effects in trading with other investors

Insurer Beazley HQ to return to London

Group reports tough conditions with catastrophe risk demand down

Credit Suisse brings home the global pain

Finance industry hit by volatility, poor growth and negative rates

Bank break-ups: here we go again

Investors are calling for restructuring of CIT

FCA extends accountability regime to HFT

Traders working across wholesale markets at banks and building societies will now be part of regime

HFT trader warns of market ‘catastrophe’

Tower Research founder cites lack of controls at exchanges

Munich Re jumps 4.5% on dividend rise

German reinsurer to pay investors €8.25 per share for 2015

There is no lower bound on interest rates

Central banks discreetly undermine monetary policy fatalism

Norway’s oil fund presses multinationals

Largest sovereign wealth fund votes against 9,000 resolutions

Credit Suisse vows to step up cost cuts

Shares fall to 24-year low after first annual loss since 2008

London houses top £500k — even in Peckham

Once unfashionable areas move into the up-and-coming bracket

Blankfein on TV after chemotherapy

Goldman chief hits out at Bernie Sanders for Wall Street attack

Activist hedge fund Orange Capital shuts

NY-based company blames more short-term investing in markets

Witty avoids City’s would-be surgeons

GSK chief could be in store for bad news at yearly check-up

Regulators seek more detail on EU deal

PRA head Andrew Bailey gives cautious welcome to City safeguards

London estate revamp to cut social housing

Plans to tackle capital’s housing shortage may reduce provision

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