Georges Chodron de Courcel’s resignation after more than 40 years at BNP Paribas SA won’t soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
BNP Paribas SA co-Chief Operating Officer Georges Chodron de Courcel became the first senior executive to step down as U.S. regulators seek to fine the French bank as much as $10 billion for breaching sanctions.
HSBC Holdings Plc Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders.
European Union lawmakers said the European Central Bank shouldn’t try to influence how losses are imposed on creditors at banks that must resort to public funds in the aftermath of a health check this year.
From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs Group Inc., has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
European lawmaker Sharon Bowles said that diplomacy and knowledge of banking regulation are strengths she can offer to support her candidacy to become the first female governor in the Bank of England’s 318-year history.
European Parliament lawmaker Sharon Bowles said her interview to become Bank of England Governor was shrouded in secrecy as the U.K. Treasury tried to keep the application process under wraps before a decision due on Dec. 5.
When Europe’s leaders set out in June 2012 to break the “vicious circle” between banks and sovereigns, they left rules for treating government bonds untouched, an oversight that may subvert their drive to prevent a recurrence of the debt crisis.