By Paul Hodgson – Chief Research Analyst An edited version of this op-ed appeared on Bloomberg View on October 3, 2012 and this version appeared today on my blog on Forbes.com It was announced in the FT today that the Financial Services Authority expects banks to reduce or clawback bonuses in British banks and non-U.K. [...]
Tag Archives | FSA
It is time for real bank clawbacks
November 15, 2012 in CEO Pay, Daily Viewpoint, Financial Crisis, Scandals
“Dude, I owe you big time”: $450M Fine for Barclays for Doing its Job
June 28, 2012 in Daily Viewpoint, News and Opinions, Regulation, Scandals
By Paul Hodgson – CCO and Senior Research Associate We are facing yet more revelations that banks are out to make money. Barclays Bank, and what sounds like every single other major global bank, has been manipulating LIBOR (the London Interbank Offered Rate) either to give the impression that the bank was stronger than it [...]