Archive for EU

Northern Rock shareholders to fight appeal decision

Northern Rock’s former shareholders threatened to take their case for compensation all the way to the European Court of Human Rights in a process that may last another four years after losing their appeal on Tuesday.

US Treasury steps into hedge fund row with EU

The US Treasury is becoming embroiled in the fierce row between hedge funds and the European Union over proposed rule changes which could damage the 1.4 trillion £849bn sector.

Steely Neelie Kroes could incite British mutiny

It won’t take much reading between the lines to work out what the EU competition commissioner’s rules for banks that receive state aid mean when she outlines them on Thursday writes Philip Aldrick.

Hester courts Brussels in bid to avoid fire sale

Stephen Hester the Royal Bank of Scotland chief executive has had an “informal” meeting with European competition officials.

EU steps up assault on City ahead of Treasury White Paper

The EU is considering a voting structure for its new apparatus of financial regulation that would make it almost impossible for Britain to block measures even if they threaten City.

London Mayor Boris Johnson fears hedge fund crackdown could hurt City’s future

Boris Johnson the mayor of London will this week wade into the debate over regulation of hedge funds amid worries that a crackdown could destroy the City’s reputation as a leading financial centre.

RBS and Lloyds face asset sales says EU competition chief

Aid has enabled statecontrolled banks to remain leaders in concentrated markets.

City warns EU rules are a threat to UK economy

The City of London has warned that new European regulations could ride roughshod over the interests of the UK.

World’s biggest hedge funds oppose EU cap on leverage

A group of major hedge funds including Man Group Brevan Howard and BlackRock have joined forces to oppose a European Union directive that threatens to put a cap on leverage.

UK wins concessions on EU rules

Leaders of Britain’s financial community gave a cautious welcome to a planned overhaul of regulation across Europe after the UK appeared to win key concessions.

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