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...."Sir John's letter is puzzling and wrong. The Bank of England conducts rigorous stress tests of major banks. ... [Read full article on BBC ]
Friday 28th of April 2017 02:26:12 PM
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Latest Finance News related to Major Bank

'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
Cost of junk image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:52:58 PM
.... Those rules require two of the three to move to junk status. South Africa's major banks have been quick to point out that they are financially sound and well-positioned to withstand the impact of sovereign rating downgrades. ...
Financial fraud tops £768 million as impersonation scams and cyber attacks drive increase image
....”. FFA UK is running the Take Five to Stop Fraud campaign, backed by every major bank and card company, to raise awareness of scams and how customers can protect themselves. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....The governor of the Bank of England has defended his handling of the controversy surrounding his deputy Charlotte Hogg and said she shouldn’t have had to resign for an honest mistake in failing to disclose that her brother worked at Barclays. In a speech at Threadneedle Street, Mark Carney said he had spoken to the top bosses of the major banks last week to tell them they should not feel under pressure to fire staff for making similar errors. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
....Changes are also being proposed to the way Staley and the finance director, Tushar Morzaria, are paid. They will no longer receive a “salary” but instead receive “fixed pay”, which incorporates their salary and the role-based allowances that were introduced by major banks following the EU pay restrictions that capped bonuses. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
. Britain’s major banks will be in the spotlight this week as they unveil their full year figures, with Royal Bank of Scotland forecast to make losses of more than £6bn and HSBC expected to face questions about a boardroom overhaul. ...
Co-op Bank is up for sale – is it time to leave? image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
....Move Your Money launched an ethical bank scorecard in 2013, but found The Cooperative Bank “was not quite as ethical as it liked to portray, lagging way behind all other ethical providers, and even most challenger banks. Since then, it has come under fire for drug-addled executives, culling branches, vulture fund owners, and ongoing IT failures – hardly a differentiator from the major banks in those regards. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
....Its New York property division first loaned money to him in 1998 at a time when the bank was attempting to expand its commercial real estate portfolio. By that stage, other major banks were becoming cautious about Trump, in part, the Wall Street Journal has said, because of frustration with his business practices. ...
The Co-op Bank is the new Bradford & Bingley image
Source : Guardian [Read Article] Monday 13th of February 2017 02:34:40 PM
.... But make no bones about what is happening here. The Co-op Bank as an independent, ethically based challenger to the major banks is dead. ...
Banks’ duty to provide free ATMs and keep branches open | Letters image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:55:37 PM
....Two years on, we can now add disregard of local communities and high streets to that list. Last year, HSBC closed over 200 branches – more than any of the other major banks – and it has just announced another 62 closures this year (Report, 25 January), including in my constituency of Wood Green. ...
The UK’s economy is London-centric. Brexit is the chance to change that | Laurie Macfarlane image
. If Brexit means leaving the single market and the customs union, as the prime minister told us last week, it is no great surprise to hear that major banks are planning to shift operations out of the UK. ...
Never-before-heard Bernie Madoff tapes reveal details of ruinous Ponzi scheme image
.... They’re willing to give you a billion dollars. I had all of these major banks coming down and entertaining me. ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
. Prosecutors in the US have accused three former currency traders at major banks of trying to rig foreign exchange (forex) rates in the banking industry. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
....Andrew Tyrie, the Conservative MP who chairs the committee, said: “The unanimity among these leading City figures – about the need for a three-year ‘standstill’ at the end of the article 50 process – is significant. They argued that without such an arrangement, major banks and other financial services firms will take pre-emptive action at a cost, perhaps large, to the sector and the wider economy. ...
'A major bank will fail' image
Source : BBC [Read Article] Friday 6th of January 2017 12:06:14 AM
Mastercard's Vocalink buyout questioned by CMA image
Source : BBC [Read Article] Wednesday 4th of January 2017 08:22:09 AM
....As well as the Link system, Vocalink also supplies Bacs, the automated clearing house which processes direct debits. Vocalink was owned by several major banks including Barclays, Lloyds and HSBC. ...
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
.... . In July Singapore fraud investigators said they had seized more than $175m in assets connected to 1MDB and found several major banks had showed "weaknesses in the processes for accepting clients and monitoring transactions". ...
RBS, Barclays and other banks fined in Swiss franc Libor case image
Source : Guardian [Read Article] Wednesday 21st of December 2016 08:41:42 AM
....The scale of the Swiss regulator’s penalties pale in comparison to those dished out by European competition authorities earlier this month. Three major banks – including HSBC – were fined €485m (£412m) for colluding to manipulate the crucial Euribor benchmark rate, after a five-year investigation. ...
UniCredit shares soar on plan to raise billions image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:33:10 AM
.... We now have the two largest banks in Italy well-capitalised," he said. Italy's other major bank is Intesa Sanpaolo. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... Actually, PwC could have lived up to its rhetoric of being an independent auditor and provided useful information, but fees get in the way. PwC audits 103 of the FTSE 350 companies, including major banks and insurance companies, and is privy to information not available to outsiders. ...
Brexit: French financial regulator wooing London banks image
Source : BBC [Read Article] Thursday 8th of December 2016 12:05:05 AM
. Some major banks are in advanced stages of planning to shift some operations from London to Paris, France's leading financial regulator has told the BBC. ...
HSBC, JP Morgan and Crédit Agricole fined €485m by EU image
Source : Guardian [Read Article] Wednesday 7th of December 2016 10:22:06 AM
. A five-year investigation by competition authorities in Brussels into rigging of interest rates drew to a close on Wednesday when three major banks – including HSBC – were fined €485m (£412m) for colluding to manipulate a crucial benchmark rate. ...
Hammond and Davis meet bank chiefs to talk Brexit 'opportunities' image
Source : Guardian [Read Article] Monday 5th of December 2016 03:42:06 PM
.... But the announcement brought demands from other sectors for similar pledges that the government would ensure they remain competitive. Trade body the British Bankers’ Association warned in October that major banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to leave before Christmas. ...
Citi and JP Morgan top regulators' list of banks posing systemic risk image
Source : Guardian [Read Article] Monday 21st of November 2016 06:44:37 PM
....Two US banks – Citi and JP Morgan – have been designated as potentially posing the greatest risks to the global financial system in an annual ranking by regulators. Citi has replaced HSBC and joined JP Morgan in the highest ranking issued by the Financial Stability Board (FSB), an international alliance of central bankers, policy makers and regulators that sorts 30 major banks into five categories. ...
Brexit unlikely to mean loss of City's role in processing deals in euros image
Source : Guardian [Read Article] Thursday 17th of November 2016 06:56:34 PM
....There have been warnings that as many as 100,000 City jobs would be axed if London lost its euro-clearing role, which rival European financial centres were eyeing up jealously even before the result of the 23 June referendum. An estimated 70% of the transactions using the European single currency are processed in London by clearing houses, which step in between major banks and financial firms on big deals to guarantee transactions. ...
New Libor disclosures in court image
Source : BBC [Read Article] Thursday 10th of November 2016 10:56:32 PM
. The Bank of England attended a meeting in which senior executives of major banks discussed inaccurate Libor rates, at the start of the credit crunch, according to an email cited in court. ...
HSBC boss urges government clarity on EU workers in the UK image
Source : BBC [Read Article] Monday 7th of November 2016 07:16:23 AM
....6bn, higher than analysts had expected. HSBC is the last of the UK's major banks to report quarterly results, after Lloyds, RBS and Barclays posted better-than-expected profits for the period. ...
Singapore orders bank closure and fines over 1MDB links image
Source : BBC [Read Article] Tuesday 11th of October 2016 03:27:20 AM
...."The control lapses observed in DBS and UBS relate to specific bank officers who failed to carry out their duties effectively," the MAS said, but it did not find "pervasive control weaknesses" in these banks. In July, MAS had announced plans to take "firm regulatory actions" against four major banks over their dealings with 1MDB, which is at the centre of a global corruption investigation. ...
Jockeys urged to avoid High Street banks by PJA after frauds image
Source : BBC [Read Article] Tuesday 4th of October 2016 10:12:53 PM
....PJA chief executive Paul Struthers told the BBC that in all the cases money - often starting at about £800 - had been withdrawn by someone walking into a branch of a High Street bank and managing to take out cash over the counter. He said the frauds had been committed in most of the major banks - often a long way from the home of the jockey - and in a number of different locations. ...
Deutsche Bank chief Cryan tries to reassure on bank's strength image
Source : BBC [Read Article] Friday 30th of September 2016 07:30:36 AM
.... . Like most of the world's leading banks, Deutsche Bank has been embroiled in the major banking scandals of recent years, including rigging interest rates. ...
Fraud soars by 53% in a year as scammers get sophisticated image
Source : Guardian [Read Article] Monday 19th of September 2016 11:01:44 PM
.... That compares with the 660,308 cases reported during the same six-month period in 2015. This means that an incident is happening every 15 seconds, according to Financial Fraud Action UK (FFA UK), whose members include the major banks and card issuers, and which issued the data. ...
Credit worthy?  image
Source : BBC [Read Article] Sunday 18th of September 2016 06:59:26 AM
....Some believe the policy is now past its use-by date and has instead stifled both competition and innovation. "The four major banks are protected by outdated policy which offers little observable benefit to consumers," said Rob Nicholls, from the Centre for International Finance and Regulation (CIFR) which produced a report into competition in the sector. ...
Consumers 'don't stand a chance' of finding best deal on overdraft image
Source : Guardian [Read Article] Tuesday 6th of September 2016 07:25:20 PM
. MPs have lambasted major banks for excessive overdraft charges and proposed an industry-wide cap on fees after concluding that consumers “don’t stand a chance” of being able to identify the best deal. ...
HSBC now uses SELFIES to identify customers  image
Source : Daily Express [Read Article] Monday 5th of September 2016 03:54:00 PM
...."Biometric verification has become more widely adopted by banks in recent years. A number of major banks allow customers to log into mobile bank account using fingerprints. ...
Shoppers' credit card use unaffected by Brexit, say banks image
Source : BBC [Read Article] Wednesday 24th of August 2016 09:21:23 AM
. The UK is a nation of shoppers unfazed by the EU referendum result when spending on plastic, says a trade body representing the major banks. ...
Planning to send money overseas? Here’s how to do it image
Source : Guardian [Read Article] Saturday 20th of August 2016 06:00:06 AM
....Secondly, you can be reasonably certian that the deal offered by your high street bank will be pretty lousy, unless you are a “premier” type customer transferring very large sums. James Daley of Fairer Finance says: “Almost all major banks charge a fortune for transferring money overseas, and offer a poor exchange rate to boot. ...
PPI claim deadline proposed for June 2019 image
Source : BBC [Read Article] Tuesday 2nd of August 2016 07:30:43 AM
....". A spokesman for the British Bankers' Association (BBA), which represents the major banks, said: "The FCA's announcement provides further clarity for consumers on the proposed timeframe for making PPI complaints. ...
Mastercard swoops for Britain's ATM operator Vocalink image
Source : BBC [Read Article] Thursday 21st of July 2016 05:36:41 PM
.... . Vocalink is owned by a number of major banks including Barclays, Lloyds and HSBC and chaired by the Bank of England's former deputy governor Sir John Gieve. ...
Singapore seizes $177m as part of Malaysia corruption probe image
Source : BBC [Read Article] Thursday 21st of July 2016 07:11:50 AM
. Singapore plans to take "firm regulatory actions" against four major banks over their dealings with scandal-ridden Malaysian state fund 1MDB. ...
1MDB: Malaysia 'will co-operate' with US fraud investigation image
Source : BBC [Read Article] Thursday 21st of July 2016 05:29:55 AM
....If successful, the US justice department intends to seize assets including property in the US, UK and Switzerland. Singapore fraud investigators said on Thursday they had seized more than $175m in assets connected to 1MDB and found several major banks, including Standard Chartered, had showed "weaknesses in the processes for accepting clients and monitoring transactions". ...

US justice department seeks to recover $1bn from Malaysian fund used to pay for Wolf of Wall Street film
 image
.... The government later acknowledged the payments, but called them a "personal donation" from the Saudi royal family. In Singapore, authorities said a probe had found "deficiencies" at several major banks in the city-state. ...
More property funds suspended as Brexit tremors continue in the City image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:29:00 PM
.... Banks, insurers and property companies were also down. Royal Bank of Scotland and Lloyds Banking Group were among the biggest fallers and identified by analysts as the major banks having the greatest exposure to the property sector. ...
Businesses urge action on EU workers and infrastructure image
Source : BBC [Read Article] Monday 4th of July 2016 11:01:45 PM
....George Osborne will meet bank bosses on Tuesday to discuss Brexit. Earlier, the chancellor told MPs: "Over the past 10 days I have had numerous conversations with various business leaders and leaders of financial institutions, and tomorrow I will be meeting the heads of some of the major banks to discuss how we proceed. ...
Welcome to a cashless future where retailers recognise our faces image
Source : Guardian [Read Article] Monday 6th of June 2016 07:08:55 AM
.... Currently, blockchain is best known as the giant ledger system that records global Bitcoin transactions. However, a host of major banks, investors and governments see its potential as a ledger for all kinds of deals and transactions. ...
A last hurrah for banknotes as UK switches to mobile and card payment image
Source : Guardian [Read Article] Saturday 4th of June 2016 03:00:13 PM
....”. A major milestone on the path to a cashless society was passed in 2015, the first year that consumers used cash for less than half of all payments, according to Payments UK, which represents the major banks, building societies and payment providers. ...
Federation of Master Builders calls for better access to finance for mid-size builders  image
....The roots of the problem date back to when smaller construction firms suffered as demand in new housing and home improvement dropped following the financial crisis. “That led to major banks treating lending to the sector with extreme conservatism, even as the housing market surged back,” he explains. ...
Purdah period set to silence officials on EU referendum from Friday image
....5. While voters making up their minds on EU membership before next month’s referendum have been treated to views from a diverse group of individuals ranging from actor Benedict Cumberbatch and the NHS England chief, Simon Stevens, researchers inside major banks have become noticeably quieter. ...
City News: Tata, Shell, Lloyds Bank image
Source : Daily Express [Read Article] Monday 23rd of May 2016 07:55:00 AM
....MORE than four in 10 major financial service firms said their confidence has been knocked in the face of the slowing global economy, uncertainty surrounding the EU referendum and a slump in oil prices, according to a report. In recent months 42 per cent of major banks and insurers said their "confidence had diminished" because of this cocktail of ongoing uncertainties, said the Financial Institutions Sentiment Survey 2016 by Lloyds Bank. ...
Cashless Britain advances as contactless and debit cards thrive image
Source : Guardian [Read Article] Sunday 22nd of May 2016 11:01:22 PM
....Britain has passed another milestone on the path to a cashless society, with 2015 the first year that cash was used for less than half of all payments by consumers. Cash usage will be eclipsed by debit cards and contactless payments by 2021, according to Payments UK, which represents the major banks, building societies and payment providers. ...
UK finance firms face anxious year image
Source : Guardian [Read Article] Sunday 22nd of May 2016 11:01:22 PM
....More than four in 10 major financial services firms say their confidence has been knocked by the slowing global economy, Brexit fears and a slump in oil prices. In recent months 42% of major banks and insurers said their “confidence had diminished” because of this cocktail of ongoing uncertainties, according to a survey by Lloyds Bank. ...
US and UK urge banks to do business with Iran image
Source : Guardian [Read Article] Thursday 12th of May 2016 05:38:12 PM
....An attempt by the US and UK governments to persuade European banks to do more business in Iran in the wake of last year’s nuclear deal, appears to have fallen on deaf ears. Senior representatives from nine major banks listened on Thursday to appeals from the US secretary of state, John Kerry, and the British foreign secretary, Philip Hammond, urging them to help finance expanded trade with Iran following the lifting of sanctions under the agreement sealed in Vienna last July. ...
Over-confidence is a still a risk in the City, says new FCA chief image
Source : Guardian [Read Article] Monday 9th of May 2016 10:56:00 AM
....Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face. Giving his last speech as a deputy governor of the Bank of England before taking up his role at the FCA, Bailey pointed to the over-confidence of the management at major banks as a cause for the taxpayer bailouts and billion of pounds in fines for misconduct in recent years. ...
City News: Travis Perkins, Metro Bank, British Gas and N Brown image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 09:09:00 PM
....It added 62,000 customer accounts during the quarter. Chairman and founder Vernon Hill said: “We continue to build Metro Bank into a major banking force in the UK. ...
Sir Martin Sorrell defends £63m pay package ahead of AGM image
Source : Guardian [Read Article] Sunday 17th of April 2016 11:01:01 PM
....The boards of other firms such including AstraZeneca and Reckitt Benckiser, where the pay of the chief executive, Rakesh Kapoor, almost doubled to £23m last year, could face potential rebellions over pay at their AGMs. HSBC will become the first major bank to hold its annual meeting this year. ...
Goldman Sachs to pay $5bn for its role in the 2008 financial crisis image
Source : Guardian [Read Article] Monday 11th of April 2016 05:31:55 PM
....“We are pleased to have reached an agreement in principle to resolve these matters,” Lloyd C Blankfein, chairman and chief executive of Goldman Sachs, said in January. This is only the latest multibillion-dollar civil settlement reached with a major bank over the economic meltdown in which millions of Americans lost their homes to foreclosure. ...
Libor trial: ex-Barclays staff earned big bonuses, court hears image
Source : Guardian [Read Article] Wednesday 6th of April 2016 07:26:41 PM
....Jonathan James Mathew, Stylianos Contogoulas, Jay Vijay Merchant, Alex Pabon, and Ryan Michael Reich deny conspiring to manipulate the US dollar Libor, or London interbank offered rate for more than two years, between 1 June 2005 and 1 September 2007. The third Libor trial in the UK comes after the scandal rocked the financial world and led to billions of dollars in fines for major banks, including Barclays, Royal Bank of Scotland and Deutsche Bank. ...
Libor trial: former Barclays bankers were 'driven by money' image
Source : Guardian [Read Article] Tuesday 5th of April 2016 05:56:20 PM
....”. He explained that Libor, the interest rate at which major banks borrow money from each other, is calculated and published shortly before midday every day. ...
Samsung Pay launches in China image
Source : BBC [Read Article] Tuesday 29th of March 2016 05:13:44 AM
....The firm said it would have "the opportunity to support additional mid-range models in the future". In announcing its official launch, which has been expected since late last year, Samsung said that Samsung Pay currently supports select credit and debit cards of nine major banks in China including China CITIC Bank, China Construction Bank and China Everbright Bank. ...
Financial fraud: who should be held responsible? image
Source : Guardian [Read Article] Thursday 24th of March 2016 02:37:57 PM
....The biggest growth area was fraud involving online, phone and mobile banking, where total losses leapt 72%, fuelled by a sharp rise in impersonation and deception scams, which involve criminals duping victims into disclosing their personal and security details. The data was revealed by Financial Fraud Action UK, whose members includes the major banks and card issuers. ...
Royal Bank of Scotland pays back £1.2bn to the Treasury image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 09:14:00 AM
....RBS is not alone in facing further costs for fines and compensation arising from past mistakes. The ratings agency Moody’s warned that litigation and conduct costs remain a “downside” risk for the UK’s five major banks – RBS, Lloyds Banking Group, HSBC, Barclays and the UK arm of Santander. ...
Just who owns what in London? image
Source : BBC [Read Article] Monday 21st of March 2016 12:10:30 AM
.... . This measure follows the introduction of a strict new anti-money laundering regulations, which have led to the US authorities to impose hefty fines on major banks. ...
Banking scams push up UK financial fraud 'by more than 25%' image
Source : Guardian [Read Article] Thursday 17th of March 2016 01:30:55 PM
....Fraudsters have also increasing been hacking emails and then posing as builders, for example, to ask for deposits to be sent to them. Katy Worobec, director of Financial Fraud Action UK, which represents all the major banks and bank card issuers, said: “With the continued rise in impersonation scams and data breaches it’s vital that all customers are alert to the dangers. ...
Bank pledge adds to fears that EU referendum will cause market turmoil image
.... He will appear with Sir Jon Cunliffe, deputy governor in charge of financial stability. All of Britain’s major banks have warned that the uncertainty surrounding the referendum is adding to the turmoil in global financial markets and unsettling businesses, which are largely in favour of the status quo. ...
FCA chief denies new regime is soft on bankers image
Source : Guardian [Read Article] Monday 7th of March 2016 12:01:48 AM
....Three changes came into effect on 7 March. Top executives at major banks and leading insurance companies are put in charge of specific areas of their organisation. ...
Draghi's BAZOOKA of cash to SAVE the EU: ECB's desperate bid to avoid crisis image
.... He then heavily hinted that the Bank's policy could be changed in March to stop the European economy from sinking. Since then concerns have jumped over the stability of some of the bloc's biggest banks, with major banks including Deutsche and Societe Generale seeing huge falls in share prices. ...
Bob Diamond may be considering bid for Barclays’ African assets image
Source : Guardian [Read Article] Friday 4th of March 2016 01:02:05 PM
. Bob Diamond is expected to look at parts of the African business being put up for sale by Barclays – which he ran before being forced out during the Libor-rigging crisis – as he attempts to fulfil his ambition of developing a major banking presence on the continent. ...
Jeremy Corbyn claims City firms treat ordinary workers like 'cash cows' image
Source : Guardian [Read Article] Thursday 3rd of March 2016 12:01:47 AM
....“We need a national investment bank to target fund investment on what is in the public wage and wider economic interest, not just in the interests of quick returns. “And we need to reform the major banks so that they serve the economy not just themselves. ...
Barclays shares fall 7% on results image
Source : BBC [Read Article] Tuesday 1st of March 2016 07:36:01 AM
....The UK's big four banks are having to make these changes to comply with tougher new banking regulations designed to prevent ordinary customers suffering from decisions made by investment bankers in the event of another credit crisis. Barclays, like most of the world's major banks, has been tainted by - and fined for - rigging prices in both foreign exchange and Libor interest rates. ...
RBS revival postponed for yet another year image
Source : Guardian [Read Article] Friday 26th of February 2016 11:10:50 AM
.... Let’s give some credit. McEwan has abolished “teaser” rates on credit cards, setting an honourable example that no other major bank has followed. ...
Banking Standards Board confirms exit of deputy chairman image
Source : Guardian [Read Article] Friday 19th of February 2016 01:23:05 PM
.... She is the former chair of communications regulator Ofcom and a former civil servant. Bowe has sent her first report cards to the major banks about their compliance with their internal standards. ...
Investor shifts millions of savers' cash out of small firms on Brexit fears image
Source : Telegraph [Read Article] Monday 15th of February 2016 01:58:42 PM
.... Meanwhile, the FTSE 100 contains several sectors that have been battling significant headwinds. Falling commodity prices have hammered giant oil and mining companies; major banks have suffered lower profits as they rebuild following the financial crisis and supermarkets have been battling low-cost rivals and the rise of internet retailers. ...
FTSE 100 closes higher after Asian markets soar as strong yuan eases fears of devaluation  image
Warning over weaker bank safety buffers image
Source : BBC [Read Article] Sunday 14th of February 2016 04:10:53 PM
.... . The clear lesson is that banks, especially major banks providing core retail services, need much bigger safety buffers - more capital relative to loan exposures. ...

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