Archive for bank

OFT help for bank startups as it makes veiled threat to Lloyds

Setting up a bank is to be made easier under plans from the Office of Fair Trading OFT intended to improve competition in the financial services industry.

Credit Suisse puts £1.5bn in pay pot

Strong bond markets and stock trading help Swiss bank beat expectations.

Bank reform hurt by political row says Lord Turner

Uncertainty is the fallout from alternative visions says FSA chairman.

Barclays and RBS ‘will need billions more in capital’

The two banks will have to find billions of pounds if they are to continue growing their investment banks under new rules analysts estimate.

Conservative plans to abolish FSA are ‘a bridge too far’

Conservative plans to abolish the Financial Services Authority FSA and overhaul regulation of the banks go too far and threaten to disrupt the process of reform City insiders warned.

Lib Dems oppose ‘nondom’ Ron Sandler as chairman of Lloyds

Ron Sandler should not be eligible for the job of chairman of Lloyds Banking Group because he is nondomiciled for tax purposes the Liberal Democrats have declared.

FSA staff fear for future after Conservatives outline plans

The FInancial Services Authority FSA was left reeling after the Conservatives proposed abolishing the industry regulator as part of a rootandbranch reform.

Goldman Sachs: hero or villain?

A barrage of negative criticism greeted the bank’s decision to set aside 6.65bn for staff bonuses after recording stellar secondquarter profits

Strong Citi and BoA results continue bank resurgence

Both Citi and BoA reported betterthanexpected results in the second quarter following the examples of JP Morgan Chase and Goldman Sachs.

Barclays staff threaten strike action over pensions

Barclays workers are to vote on strike action over plans to close their final salary pension scheme to existing members.

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