Like UBS, Credit Suisse is scaling back its investment banking operation and reducing expenses in the face of a harsher regulatory and market climate.
He said: In light of an anticipated harsher regulatory settlement, we reiterate our call for a dividend cut of 15% in 2016 as we see United's credit metrics and dividend payout ratio deteriorating.
On United, analyst John Musk issued an underperform rating and cut his target price from 680p to 650p, suggesting its dividends were at risk and it was facing a harsher regulatory environment.
In 2006, the pharmacy agreed to inspections and improvement measures to avoid harsher regulatory action, and an outside investigator was brought in to ensure its practices were in compliance.
U-shaped recession Banks remain reluctant to lend as a harsh new regulatory regime bites.
And will the price of investment-bank rescues be a harsh new regulatory regime that restricts the scope for future credit (and economic) growth?
Even as it has picked up market share, however, Goldman faces the same harsh markets and regulatory burdens as its rivals.
The report leveled some of its harshest criticism on regulatory agencies, which it blamed for breakdowns in communication.
If any regulatory framework is harsh we will see regulatory arbitrage with a move away from traditional print to online news sources like MSN, Yahoo, Huffington Post at the expense of traditional print journalism.
Many made the donations due to fear of political reprisals, such as harsh tax audits or difficulties getting regulatory approvals for their businesses, Lee said.
