The Bank of England on Monday outlined fresh plans to assess the UK's banks in the event of another global economic crisis. The new plan will be applied to the largest UK banks and building societies. The BoE said the purpose of the test is to ensure that the UK banking system can withstand a sever
Read more* Test puts HSBC, Standard Chartered in the spotlight * Co-op ditched from test after balance sheet shrinkage * Test results due in December * Banks will need clear pass to escape finding more capital (Adds reaction, share prices) By Huw Jones and William Schomberg
LONDON, March 30 (Reuters) - Complaints against Britain's banks fell in the second half of last year as fewer people lodged objections about insurance protection mis-selling. Britain's Financial Conduct Authority (FCA) said on Monday there were 2.2 million complaints against financial firms
Read more* More than 160,000 jobs lost across 24 banks in two years -data * U.S. banks axed 7.4 pct of staff, European lenders cut 4.1 pct * Euro zone banks need further cuts to improve returns -analysts * Move to digital banking could add to pressure on jobs By Steve Slater
Read more(Adds detail) ZURICH, March 26 (Reuters) - Swiss private bank Union Bancaire Privee (UBP) is set to buy Royal Bank of Scotland's international private banking arm Coutts International, a source familiar with the deal told Reuters on Thursday. The British bank is expected to announce
Read more-- Source link: (http://bit.ly/19nN67i) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreThe UK stock market suffered a sharp sell-off on Thursday, dropping to its lowest level in over a week, as geopolitical and macroeconomic fears hammered investor sentiment. The FTSE 100 finished down 1.37% at 6,895.33, as it continues to retreat from a record closing high of 7,037.67 reached on Mond
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