Archive for banking

Proprietary traders should welcome tougher FSA tests

Proprietary traders have become one of the bêtes noirs of the financial crisis. But it looks like these highrollers in the investment banking casino will get a relatively easy ride in the UK’s new regulatory regime.

Lossmaking Morgan Stanley sets aside 3.88bn for staff compensation

Morgan Stanley set aside 72pc of revenues for staff compensation despite delivering a 1.26bn £765m loss in the second quarter.

Banks should publish details of staff earning over £200000 says Vince Cable

British banks should disclose names and salaries to improve transparency in the financial system says Lib Dems’ Vince Cable.

Finance White Paper: Prefunded deposit scheme

Alistair Darling’s push to make banks prefund the Financial Services Compensation Scheme is a marked change from the traditional approach to depositor protection in the UK.

Lloyds to cut 2100 jobs

Lloyds is to cut 2100 jobs at offices across the country in another blow to the finance sector.