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Banking reform ’should be more radical’ says Treasury minister Lord Myners

A government review of the banking industry is not thinking far enough “out of the box” says Treasury minister Lord Myners.

RBS contradicts Darling on business loans with new ads

Royal Bank of Scotland has launched an advertising campaign urging business customers to take advantage of their loan deals in a counterattack on the Government’s claims that the banks are refusing to lend.

Banks consider offloading stake in Thomas Cook

Decision taken after German majority shareholder Arcandor filed for insolvency in June.

Let’s scare the banks into lending with capital raising threat

As threats go the Treasury’s warning this week that banks could face a competition probe if they are found to have been charging too much for credit carried all the potency of a toothless chihuahua.

Abbey bucks the financial gloom as its mortgage lending soars

Abbey the Spanishowned bank that has bought Alliance & Leicester and Bradford & Bingley reaps the benefits from its prudent lending.

Chancellor demands ‘reasonably priced mortgages’ but profit margins are highest for 20 years

Alistair Darling the Chancellor told Britain’s banking bosses last night to honour agreements to make ‘reasonably priced’ mortgages available to borrowers.

Combined Code for listed companies could be tightened in line with Walker review

All listed companies may have to submit to tighter corporate governance rules designed to overhaul the banks after the Financial Reporting Council FRC said it would look at amending its Combined Code.