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* Martin Wheatley had been due to step down in March 2016 * Sources say he quit after government didn't extend contract * FCA's Tracey McDermott to be acting chief executive (Adds lawmaker, banker reaction) By Huw Jones LONDON, July 17 (Reuters) - The head of Britain's f
Read more(Repeats JULY 16 story, no change to text) * Many sanctions on Iran likely to stay for months * Lenders have paid heavy penalties for Iran business * Banks still fear U.S. anti-money laundering rules * UK not recommending insurance trade with Iran yet By Jonathan Sau
Read more* Many sanctions on Iran likely to stay for months * Lenders have paid heavy penalties for Iran business * Banks still fear U.S. anti-money laundering rules * UK not recommending insurance trade with Iran yet By Jonathan Saul and Thomas Atkins LONDON/FRANKFURT, July
Read more* Review could be a first step to normalising trade * But UKEF says Iran would need to address arrears * Lawyer sees no big change to sanctions for 6-9 months (Adds comment, detail, background) By Jonathan Saul LONDON, July 16 (Reuters) - Britain's export credit agency i
Read moreBy Huw Jones LONDON, July 16 (Reuters) - The British government said on Thursday it would step up efforts to boost competition in banking and rejected criticism that its tax changes would leave the sector worse off. The government surprised banks earlier this month by announcing a new
Read more* Banks being singled out for new "punitive taxes" -BBA * Burden makes it harder for banks to lend -BBA By Matt Scuffham LONDON, July 15 (Reuters) - Britain's banks will have been hit by an additional 40 billion pound ($62 billion) tax bill by the end of this decade, harming the
Read more(Corrects figure in 10th paragraph to 7.6 million pounds) * Former chairman Green says bank's reputation 'sullied' * Green says 'should have drilled into detail' * Green says compliance has since improved * Former Lloyds chair plays down Brown role in HBOS deal By Ma
Read more* Payments service will be available at 250,000 outlets * UK tap-and-go payments have surged in recent years * Apple Pay says Britain could become its biggest market (Adds detail, Apple executive comments, background) By Eric Auchard LONDON, July 14 (Reuters) - Apple int
Read more* UK banks still 'too big to fail', says Carney * Regulatory changes to take years to have effect * Carney guarded over end to post-crisis 'bank levy' By Huw Jones LONDON, July 14 (Reuters) - Almost seven years after the collapse of Lehman Brothers sparked mayhem in market
Read moreLONDON, July 14 (Reuters) - HSBC should have done more due diligence before its purchase of the Swiss private banking business that allegedly allowed customers to dodge taxes, its former Chairman Stephen Green said. "With the benefit of hindsight, it would have been better to have drilled i
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(ShareCast News) - Apple introduced its Apple Pay app in the UK on Tuesday, after the company unveiled in June its plans to launch the service in the country this summer. The new service allows users to pay at more than 250,000 businesses including Tube stations, coffee shops, supermarkets and trave
Read moreBy Eric Auchard LONDON, July 14 (Reuters) - Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate. Starting Tuesday, Apple Pa
Read more(ShareCast News) - Private client banks such as Royal Bank of Scotland's Coutts, HSBC and UBS have been sued by clients for wrongly advising them to invest in film investment specialist Ingenious as its schemes have since been labelled by tax authorities as tax-avoidance vehicles. Ingenious Media an
Read more* New proposals would take effect from next year * Consultation on proposals until Oct. 12 (Recasts with comments from consultation paper, background) By Huw Jones LONDON, July 10 (Reuters) - Britain's banks could have to use a stricter method than global peers for calculating
Read more(Corrects to clarify ratios not being published daily) LONDON, July 10 (Reuters) - Britain's financial regulator on Friday announced proposals for banks and other financial firms to report and disclose what capital they hold based on daily averages from 2016 in a move designed to promote th
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