Eric Ben-Artzi, a former quantitative risk analyst for Deutsche Bank, alleged that Europe’s biggest lender engaged in a multibillion-dollar securities violation. Article

How does Forbes rank? Based on 4 criteria:  Power over lots of people,, financial resources controlled (for heads of state, the GNP), powerful in multiple spheres and actively using power.   Article

Europe is determined to break the vicious circle between sovereigns and banks. To achieve this aim, it appears to be clear that Europe will need a strong central supervisor, a common resolution authority as well as the appropriate fiscal backstop to help in case of major crisis when the resources of the resolution fund are exhausted. As Europe is advancing its work on the banking union, the increased dependence of banks on their sovereigns in the last year has not received sufficient attention.  Article

Top 100 Most Powerful Women in Canada:

Scotiabank Corporate Executives Award

Marissa Mayer said her baby is easy.  Ann Romney said raising five kids was hard work.   Buckingham Palace is probably putting together a PR strategy for how Kate Middleton should talk about her royal baby.  With all of the choices facing women today, there is one discomforting constant: Someone will always be there to tell us we’re doing it wrong, whatever we’re doing.  Article

The SEC claims that the Chinese subsidiaries of Deloitte, Ernest & Young, KPMG, Price Waterhouse Coopers and BDO International have violated The United States Securities Exchange Act and Sarbanes-Oxley Act. These laws require overseas accounting firms to submit auditing drafts when an overseas company plans an IPO in the United States. Article

The fine is not even a tenth of UBS’s annual revenue (expected at $32 billion this year). “Libor rigging was carried out by individuals on behalf of banks. Nine-figure fines paid by the banks, and zero prosecutions of individuals simply passes the tab onto the shareholders and does nothing to root out of the causes of this corruption?” says Cornelius Hurley, a Boston University law professor. “Where is the deterrent effect?” So far, no UBS executives have stepped down. When the scandal broke at Barclays, it led to the CEO’s resignation and a shakeup in the company’s highest offices.  Article

No. 1: Pharmacy Pharmaceutical Sciences and Administration
Percentage of women: 42%
Women’s median earnings: $100,000
Men’s median earnings: $110,000

No. 2: Information Sciences
Percentage of women: 26%
Women’s median earnings: $75,000
Men’s median earnings: $65,000

No. 3: Chemical Engineering
Percentage of women: 23%
Women’s median earnings: $72,000
Men’s median earnings: $92,000..article

Illustration: Colin Daniel

Women are more in control of their financial futures than men, according to the findings of Rabo Direct’s Savings and Debt Barometer…article