9th Sep 2015 05:50
LONDON (Alliance News) - HSBC Holdings PLC and Santander are two of the banks organised into subsidiaries in different countries that have won a key change to proposed global rules targeted at ending bailouts of large banks by taxpayers, the Financial Times reported on Tuesday.
According to the report, the Financial Stability Board has decided to hold such groups to the same standards as rivals such as JPMorgan and Goldman Sachs.
http://www.ft.com/cms/s/0/133db6ba-5642-11e5-9846-de406ccb37f2.html#ixzz3lDX9rRZK
By Samuel Agini; [email protected]; @samuelagini
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