Advertisement

Advertisement

Advertisement

Advertisement

 

Subscribe to our City News News Feed Subscribe to the RSS Feed

Delivering a twin peaks regulatory model within the FSA

06/02/2012

In a speech to the British Bankers’ Association, Hector Sants, chief executive of the Financial Services Authority (FSA), gave an update on the progress of the regulatory reform programme.


 

Burundi secures $50m IMF credit as GDP growth set to soar

06/02/2012

Burundi has secured a three-year credit facility worth US$46.5m (£29.4m) from the IMF (International Monetary Fund), with an immediate $1.6m payout to consolidate the counrty’s recent gains in poverty reduction and macroeconomic stability.


 

Bankers blamed for being risk averse: accountants react to Posen interview

03/02/2012

Monetary Policy Committee member, Adam Posen made headlines on Wednesday after an interview with the BBC in which he blamed banks for underlending to small businesses and hampering their growth.


 

Phones 2 U Direct.co.uk Limited directors given seven-year ban

03/02/2012

Two directors of failed mobile ‘phone cash-back’ company Phones 2 U Direct.Co.UK Limited have undertaken not to be directors following an investigation by Company Investigations, part of the Insolvency Service.


 

European banks holding €2.5tn non-core loans

03/02/2012

European banks are now holding some 2.5 trillion euros of loans (an amount equal to the GDP of Germany) that have been identified as non-core to their business, according to estimates by PwC.


 

Shares in Game Group jump 40%

03/02/2012

Game, the cash-strapped video retailer, have seen shares jump 40% on the back of an agreement with their lenders.


 

FSA review into sale and rent back finds widespread poor practice

03/02/2012

The Financial Services Authority (FSA) has today (Friday) published a report that shows most sale and rent back (SRB) transactions were either unaffordable or unsuitable and never should have been sold.


 

Panasonic predict poor start to 2012

03/02/2012

Panasonic have forecast an annual net loss in the region of £6.3 billion for the opening quarter of 2012.


 

Broadband users push BT profits up

03/02/2012

BT Group have seen a 18% increase in their profits due to cost-sutting and an increase in broadband users.


 

Lloyds commit to keeping branches open for at least three more years

02/02/2012

Lloyds Banking Group have announced that they will commit to keeping the same number of branches in its network for the next three years.