Gfma : News on the global financial markets

• RBS will announce investment-banking job cuts this week
  Royal Bank of Scotland CEO Stephen Hester decided to move up an announcement about job cuts at the firm's investment-banking division to Thursday. Former RBS CEO Fred Goodwin led a decade of expansion, and Hester is reversing that trend. Bloomberg(10 Jan.), Reuters(09 Jan.)
• Other News
• Santander beats regulatory deadline with 9% capital ratio
  The New York Times (tiered subscription model)/DealBook blog (09 Jan.)
• Bank of America cuts staff at Asian investment-banking unit
  CNBC/Reuters (09 Jan.)
• Germany's sale of 6-month bills has negative yield
  The Wall Street Journal (10 Jan.)

Regulatory Roundup

• Hildebrand steps down as head of Swiss National Bank
  Philipp Hildebrand, president of the Swiss National Bank, resigned in the wake of currency-trading controversy involving him and his wife. Hildebrand initially said he wouldn't leave the central bank but apparently changed his mind as pressure built. Vice Chairman Thomas Jordan will become interim president. The Wall Street Journal(10 Jan.), Bloomberg(10 Jan.), Reuters(09 Jan.)
• NY Fed's Dudley is chosen to chair central bank forum
  Federal Reserve Bank of New York President William Dudley was tapped to serve a three-year term as chairman of the Committee on the Global Financial System. The committee, part of the Bank for International Settlements, is a forum of central bankers that examines and monitors financial-market issues. The New York Times (tiered subscription model)/DealBook blog(09 Jan.)
• Other News
• Draghi might cut ECB's key rate to less than 1%, experts say
  Bloomberg (09 Jan.)