The UK competition authority has launched an "in-depth market investigation" into both the personal current account and small business retail banking sectors, which could help 'challenger banks' to grow. Having in July said it was looking at whether to probe the sector, the Competition and Markets A
Read moreLONDON, Nov 6 (Reuters) - Britain's competition watchdog launched a full investigation into banking services for small business customers and personal accounts on Thursday that could see big banks forced to sell branches or face other remedial measures. The Competition and Markets Authority
Read moreLONDON, Nov 3 (Reuters) - Smaller banks would be disproportionately hit by new UK rules aimed at toughening the regulatory regime for senior bankers, two of the industry's main lobby groups have warned. UK regulators should also set different rules for non-executive directors than for execu
Read moreJPMorgan Cazenove has welcomed the new leverage-ratio rules from the Financial Policy Committee (FPC), saying that the outcome for UK banks was better than the market had expected. Analysts reiterated their 'overweight' positions on Lloyds and Barclays, but kept 'neutral' ratings for RBS, HSBC and S
Read more* BoE announces variable "leverage ratio" for UK lenders * Move aims to reduce risk banks would need public bailout * Ratio for big banks seen near 4 pct, can rise to 5 pct * Exact figures subject to size of bank, state of economy * Barclays shares jump 8 pct; RBS, HSBC, L
Read moreBanking stocks, already bolstered by stronger-than-expected quarterly results from RBS, received another big lift on Friday afternoon as the Bank of England unveiled softer-than-expected requirements for leverage ratios. The leverage ratio, a key gauge of a bank's ability to cushion itself against l
Read more(Refiles to link to alerts) LONDON, Oct 31 (Reuters) - Shares in Barclays rose by 7 percent after Britain's financial regulator said banks had until 2019 to hit a new target that will cap the size of their businesses at about 20 times their equity. Banking sources had expected lenders
Read moreLONDON, Oct 31 (Reuters) - Shares in Barclays rose by 7 percent after Britain's financial regulator said banks had until 2019 to hit a new target that will cap the size of their businesses at about 20 times their equity. Banking sources had expected lenders to have to meet the new targets,
Read moreLONDON, Oct 31 (Reuters) - British lenders may have to hold more capital to guard against risks of bad loans and other losses in the latest move by the Bank of England to reduce the chances of banks needing public bailouts. The central bank said on Friday that banks' required leverage ratio
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