13 European banks flunk test, must raise money
The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10 billion euros ($12.5...
View ArticleCentral Bank to name financial investigation panel today
The Central Bank of Ireland will reveal today the names of a high-powered inquiry panel to investigate allegedly rogue banks and bankers. The first case expected to be reviewed by the inquiry will be...
View ArticleCentral Bank to name financial investigation panel
The Central Bank of Ireland will reveal today the names of a high-powered inquiry panel to investigate allegedly rogue banks and bankers. The first case expected to be reviewed by the inquiry will be...
View ArticleNew UK bank TSB picks up customers as Q3 profits rise
New British bank TSB said it was picking up nearly one in ten of all new current accounts being opened in the UK and its third quarter profits jumped...
View Article>13 Europe banks flunk test, must fix finances
FRANKFURT, Germany (AP) — The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10...
View Article13 Europe banks flunk test, must fix finances
The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10 billion euros ($12.5...
View ArticleAnthony Hilton: This is the wrong way to discipline banks
The Prudential Regulation Authority called in the internal audit teams from some of the leading American and other foreign banks in London the other day to outline what was expected of them under the...
View ArticleEurobank, National Bank restructurings eliminate capital gap
Greece’s Eurobank Ergasias SA and National Bank of Greece SA should be able to cover capital shortfalls by completing their plans to cut costs and raise funds, the European Central Bank said after the...
View ArticleMPs say Co-op leadership was 'accident waiting to happen'
The Co-op Bank’s board was ‘an accident waiting to happen’ and a reflection of the regulator’s ‘discredited’ approved persons regime, according to the Treasury Select Committee (TSC) The TSC found the...
View ArticleLloyds To Cut 9,000 Jobs In Three-Year Plan
22 October 2014, 18:42 Lloyds To Cut 9,000 Jobs In Three-Year Plan Tweet Lloyds Banking Group is to cut approximately 9,000 jobs - equating to just over 10% of its workforce - as part of moves to...
View ArticleRepealing Dodd–Frank and Ending “Too Big to Fail” (The Heritage Foundation)
(Source: The Heritage Foundation) The financial crisis of 2008 led to the "Great Recession" from which the nation is still recovering. Despite the slow economic rebound, and in the face of...
View ArticleToo-big-to-fail banks face capital gap of up to $870 billion
LONDON • "Too big to fail" is likely to prove a costly epithet for the world's biggest banks as regulators demand they increase debt securities to cover losses should they collapse. The shortfall...
View ArticleInvestors welcome Europe's bank tests as step in right direction
* Bank shares, debt expected to rise after no major failures * Italian banks the biggest losers, Monte Paschi hires advisors * U.S. tests still seen as more credible; regular testing needed * Chances...
View ArticleCan an 'insider' clean up the City?
When Sir Win Bischoff, the ex-chairman of Lloyds Banking Group and a former top banker with America’s Citigroup, was appointed chairman of the Financial Reporting Council earlier this year, he was...
View ArticleLloyds abandons promise on branches as it announces loss of further 9000 jobs
A few years ago, when former banks were being converted into trendy wine bars on an almost daily basis, Lloyds Banking Group made a pledge to its customers: it promised it would keep branches open...
View ArticleLloyds abandons promise on branches as it announces loss of further 900 jobs
A few years ago, when former banks were being converted into trendy wine bars on an almost daily basis, Lloyds Banking Group made a pledge to its customers: it promised it would keep branches open...
View ArticleNo taxpayer bailouts under Bank of England’s new plans
Proposals are to avoid a repeat the £45bn bailout of Royal Bank of Scotland, with public money only available as a last resort ...
View ArticleCORRECTED-MOVES-BNY Mellon, Deutsche Boerse, SocGen, ACE, Charles Stanley
(Corrects Oct 27 item on Value Partners to say "Value Partners" from "Value Partners Group Ltd." The error also appeared in earlier versions of this compilation) n">Oct 27 (Reuters) - The following...
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