Topic: Basel Committee on Banking Supervision
UBS AG announced it was cutting up to 10,000 jobs by 2015, part of a plan to downsize investment banking and drop risky trading activities. UBS AG chairman Axel Weber warned that many of the Swiss banking giant's global rivals may have to follow suit.
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
Some European nations' debt will have to be forgiven to resume growth. Those responsible for the financial turmoil must pay, rather than the poor. And Europe must unify its fiscal policy.
10/11/2011 11:35 am
Bankers from Lehman Brothers to Ireland and beyond are increasingly unpopular, but that hasn't impacted their salaries much.
12/30/2010 03:52 pm
Bankers warn lawmakers that regulation will drive them overseas — and then warn overseas regulators that too much oversight will drive them to America. They're playing everyone against each other in a global race to the bottom.
10/06/2010 01:35 pm
As G-20 summit to focus on a split over approach: Will reining in spending cut debt, or stall jobs and growth?
06/18/2010 05:37 pm