February 6, 2013
Libor Fixing Scandal: Stephen Hester Remains RBS CEO and Will Not Return Bonus. http://www.ibtimes.co.uk/articles/432218/20130206/libor-fixing-rbs-stephen-hester-philip-hampton.htm

Libor Fixing Scandal: Stephen Hester Remains RBS CEO and Will Not Return Bonus.

http://www.ibtimes.co.uk/articles/432218/20130206/libor-fixing-rbs-stephen-hester-philip-hampton.htm

4:52pm  |   URL: http://tmblr.co/Z9sdPwdXJtDx
(Notes: 2)
  
Filed under: Libor Libor Manipulation libor fixing scandal Stephen Hester RBS RBS CEO Economy Royal Bank of Scotland Business Finance UK Scotland 
February 6, 2013
RBS Bankers’ Bonuses Clawback to Pay for $475m US Libor Fixing Fine

http://www.ibtimes.co.uk/articles/432187/20130206/rbs-libor-fixing-fine-cftc-doj-greg.htm

4:01pm  |   URL: http://tmblr.co/Z9sdPwdXAl_3
(Notes: 2)
  
Filed under: RBS Bank Standards Banking UK Libor Libor Manipulation libor fixing scandal Business Economy Finance 
February 6, 2013
RBS to Pay £390m to US, UK Regulators to Settle Libor Fixing Charges. http://www.ibtimes.co.uk/articles/432130/20130206/rbs-libor-hourican-fine-fixing-criminal.htm

RBS to Pay £390m to US, UK Regulators to Settle Libor Fixing Charges.

http://www.ibtimes.co.uk/articles/432130/20130206/rbs-libor-hourican-fine-fixing-criminal.htm

2:14pm  |   URL: http://tmblr.co/Z9sdPwdWwLs2
(Notes: 2)
  
Filed under: RBS UK Royal Bank of Scotland Libor Libor Manipulation libor fixing scandal Bank Banking Bank Standards Economy Finance Business 
February 6, 2013
UK Bank Standards, Bonuses and Scandals: HSBC Chiefs Give Evidence to MPs Live

Andrew Tyrie MP closes the session.

Thank you for joining IBTimes UK

http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

12:01pm  |   URL: http://tmblr.co/Z9sdPwdWgFWD
Filed under: HSBC HSBC CEO HSBC Chiefs UK Business Finance Economy Libor Libor Manipulation libor fixing scandal Bank Banking Bank Standards 
February 6, 2013
"

Tyrie MP asks Flint is “people who earn your kind of salary have a sense of duty of giving back to society”

Flint and Gulliver said “yes, I can see why people would ask that.”

"

— http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:52am  |   URL: http://tmblr.co/Z9sdPwdWfK1v
Filed under: HSBC HSBC CEO HSBC Chiefs Bank Banking Bank Standards Finance Economy Business Libor Libor Manipulation libor fixing scandal 
February 6, 2013
"

Flint:

We need to find a way to identify problems, such as the mis-selling of interest rate swaps, to stop these problems rather than paying compensation or tackling years later

"

— http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:42am  |   URL: http://tmblr.co/Z9sdPwdWeG9S
Filed under: HSBC UK HSBC CEO HSBC Chiefs Bank Banking Bank Standards Libor Libor Manipulation libor fixing scandal Mis-selling Derivatives Business Economy Finance 
February 6, 2013
"

Flint on risk management:

I do think the weaknesses in the banking crisis was the over reliance on models, whether in algo trading, the risk models, the ratings agencies. If the mathematics were weak, then the models used would be damaging.

"

— http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:36am  |   URL: http://tmblr.co/Z9sdPwdWdaV2
Filed under: HSBC UK Bank Banking Bank Standards HSBC Chiefs HSBC CEO Business Finance Libor Libor Manipulation libor fixing scandal Economy 
February 6, 2013
"

Flint:

I do think there is an aspect of professionalism in some industries where you are taught ethics as part of your job, such as law and medics. Banks use to have this, but not anymore

"

— http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:28am  |   URL: http://tmblr.co/Z9sdPwdWcqcC
Filed under: HSBC UK HSBC Chiefs Bank Bank Standards Banking Libor Libor Manipulation libor fixing scandal Economy Finance Business 
February 6, 2013
"

MPs suggesting that HSBC can only motivate staff by “cash”, deferred or otherwise and compare them to doctors and teachers.

Flint:

The vast majority of our staff are on average or below average earnings.

"

— http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:21am  |   URL: http://tmblr.co/Z9sdPwdWc7ar
Filed under: HSBC HSBC Chiefs UK Bank Standards Banking Bank Libor Libor Manipulation libor fixing scandal Economy Business Finance 
February 6, 2013
(Photo: Parliament TV) UK Bank Standards, Bonuses and Scandals: HSBC Chiefs Give Evidence to MPs Live http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

(Photo: Parliament TV)

UK Bank Standards, Bonuses and Scandals: HSBC Chiefs Give Evidence to MPs Live

http://live.ibtimes.co.uk/Event/UK_Bank_Standards_Bonuses_and_Scandals_HSBC_Chiefs_Give_Evidence_to_MPs

11:15am  |   URL: http://tmblr.co/Z9sdPwdWbWDL
(Notes: 1)
  
Filed under: HSBC HSBC CEO HSBC Chiefs UK Bank Bank Standards Banking Scandals Bonuses Libor Libor Manipulation libor fixing scandal Business Economy Finance 
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