The introduction of price volatility is expected to lead to more conservative investment behavior from fund managers
Client settlements can’t force a clean record
Funds required to float their share price
Regulatory and compliance related costs are also on the rise
Review to consider possible enhancements improve transparency, impartiality, and efficiency
Sub-prime mortgage settlement includes US$4.5 billion in penalties and US$2.5 billion in consumer relief
French bank to pay US$9 billion for processing transactions for clients in blacklisted countries
Continued declines in FICC segment are outpacing improvements in the equity capital markets business and investment banking
Economy showing signs of a rebound following greater-than-expected first quarter decline
Banks granted additional time to address capital planning weaknesses identified during Fed stress tests