Activists may be gearing up to take on the most powerful US banks after ValueAct Capital Management last week signalled that the time may be right, after buying around 2% of Morgan Stanley according to filings with the Securities and Exchange Commission.
A whistleblower who helped reveal false accounting at Deutsche Bank has refused an US$8.25m award from a US securities regulator because of the agency’s failure to punish bank executives, the Financial Times reported last Thursday.
Reykjavik could soon be a regular destination for ECM bankers if moves to further ease capital controls introduced after the 2008 financial crisis are approved by Iceland’s parliamentarians.
Debt bankers are warning of a rise in pulled deals as a result of the EU’s new Market Abuse Regulation, which could have a much wider scope than originally thought and is already making investors reluctant to share information with investment banks.
Big Wall Street banks are asking the US Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker Rule, people familiar with the matter said.