Even though the original implementation deadline for Basel 3 is still a far-distant 2019, we are already starting to see the emergence of ‘Basel 4’ according to KPMG – which could see the UK’s eight largest banks having to hold £50 billion more capital, according to KPMG’s best estimates.
Challenging market conditions have seen Morrisons report a fall in half-year profits.
The dropping of three major companies from the Dow Jones will see one the the world's best known stock market performance measures be revamped.
Armed forces charities and good causes are to benefit from the latest tranche of funding from the £35 million Armed Forces Covenant (LIBOR) Fund, the government has announced.
The Bank of England could introduce new plastic banknotes from 2016 onwards.
Lloyds Banking Group today (Monday) confirmed the creation of two new banks – TSB and Lloyds Bank – which will increase choice and competition into the UK banking sector.
GlaxoSmithKline (GSK) have sold the Lucozade and Ribena drinks brands to Japanese firm Suntory for £1.35 billion.
AIM market off to a flyer since ISA rule changes on 5th August
In a speech today, hosted jointly by the CBI East Midlands, Derbyshire and Nottinghamshire Chamber of Commerce and Institute of Directors at the East Midlands Conference Centre, Mark Carney, Governor of the Bank of England, confirmed that the Prudential Regulation Authority (PRA) Board will implement the June 2013 recommendation of the Financial Policy Committee (FPC) regarding the amount of liquidity held by banks and building societies.
An Edison Investment Research survey of executive board directors at more than 200 mid-cap UK listed companies up to around £2bn in market value, reveals that majority of companies now expect to increase capital expenditure for the year ahead, a near doubling of numbers who are confident about upping investment compared to the start of 2013.