Swiss HSBC unit loses plea to block database

One of France's highest courts rejected a plea on Wednesday by a Swiss unit of HSBC bank that a French government database of citizens holding bank accounts abroad should be blocked as an excess of power.


FRC passes claim about PwC to discipline board

The Financial Reporting Council (FRC), the organisation responsible for corporate reporting and governance, claims that PricewaterhouseCoopers (PwC) failed to report adequately on JP Morgan's compliance with UK rules to protect the investment bank�


Asset managers face more rules

UK asset managers are likely to shoulder yet another compliance burden as a result of proposed regulations.