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Thursday, 27 July 2017

Regulation

Deutsche Bank headquarters

Deutsche execs waive bonus awards

27 July 2017

Deutsche Bank has concluded that legally it is unable to force former and current executives to pay back bonuses that have already been paid but said 11 executives had nevertheless agreed to waive €38.4m of the €69.8m in awards that have yet to be realised.

Canary Wharf in London

Banks dealing EU sovereign debt may be dragged out of London

26 July 2017

(Reuters) - Banks at the heart of EU government borrowing could be forced to move some operations out of London if they want to hold on to that business after Brexit, according to three senior bankers with knowledge of the matter.

Mizuho Financial Group

Japan’s Mizuho chooses Frankfurt for post-Brexit EU hub

25 July 2017

Japan’s Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc.

Floor & Decor Holdings CEO Taylor looks on as traders and bankers set a price for his company's opening...

Floor & Decor add-on exploits new SEC rules

IFR 2193 22 July to 28 July 2017

Floor & Decor, the best-performing US IPO of 2017, became the first company to take advantage of new SEC rules allowing recent IPOs to file confidentially for follow-on stock sales, in an early sign that capital markets are embracing the securities regulator’s push to spur new issues.

Australia raises bank capital ratios

IFR 2193 22 July to 28 July 2017

Australia’s big four banks breathed sighs of relief last week after the latest review of capital requirements dampened fears of a shortfall in their common equity ratios.