Financial Regulatory Forum

UK’s Brown wants investigation into Goldman Sachs

April 18, 2010

   By Adrian Croft
   LONDON, April 18 (Reuters) – Prime Minister Gordon Brown said on Sunday he wanted Britain’s financial watchdog to investigate U.S. bank Goldman Sachs <GS.N> after it was charged with fraud by U.S. regulators. (more…)

Bank reform may have $220 billion global capital hit – analysts

By Reuters Staff
February 17, 2010

LONDON, Feb 17 (Reuters) – Top global banks will need an extra $221 billion of capital and see annual profits slump by $110 billion if all proposed regulations to reform the industry are brought in, leading analysts said on Wednesday.

Deutsche Bank bonus-tax bill points to 2 billion pound windfall for UK

By Reuters Staff
February 5, 2010
Bonus baby

Bonus baby

LONDON/FRANKFURT, Feb 4 (Reuters) – Deutsche Bank has set aside 225 million euros ($312 million) to pay a one-off tax on bonuses in London, signalling Britain will land a hefty windfall from the levy but fall short of some lofty estimates.

UK government banker quits key role in RBS, Lloyds stake sale

By Reuters Staff
January 11, 2010

By Steve Slater and Douwe Miedema

LONDON, Jan 11 (Reuters) – The banker tasked with selling Britain’s stakes in Royal Bank of Scotland (RBS) and Lloyds quit in a surprise move on Monday, a potential blow to the government’s hopes of turning a profit on the holdings.

UK bank bailout cost hits 850 billion sterling – watchdog

By Reuters Staff
December 4, 2009

banking_landing_page_image By Kirstin Ridley

LONDON, Dec 4 (Reuters) – The price tag for bailing out UK banks has hit 850 billion pounds ($1.4 trillion) but Britain’s spending watchdog says the final cost to taxpayers will not be known for years.

REUTERS SUMMIT – Panmure chief warns against “mad” UK regulation

By Reuters Staff
November 18, 2009

By Clara Ferreira-Marques
LONDON, Nov 18 (Reuters) – Britain’s excessive regulatory zeal is hitting competitiveness and driving away top talent and innovative firms, as they flee a poorly devised tax regime and “spurious” legislation, one of Britain’s oldest brokerages said.

UK government rejects brokerage complaints over “bullying” by rescued banks

By Reuters Staff
November 17, 2009

A video grab image shows Britain's City minister Paul Myners speaking at a Treasury Committee in London March 17, 2009.     REUTERS/Parbul TV Via Reuters TV  (BRITAIN BUSINESS POLITICS) LONDON, Nov 17 (Reuters) – Britain’s government has batted away complaints from three top brokerages about “bullying” and unfair competition by bailed-out lenders, telling them to make a virtue of their independence or seek help from the consumer watchdog.

Big-bank containment strategy catches on in US, EU

By Reuters Staff
November 3, 2009

By Kevin Drawbaugh
WASHINGTON, Nov 3 (Reuters) – The government should be able to restrict the size of financial firms so they do not become “too big to fail,” two key U.S. Democratic lawmakers said on Tuesday, echoing proposals being made in Europe.

EU “cookie-cutter” bank overhaul policy under fire

By Reuters Staff
November 3, 2009

European Commissioner in charge of Competition Neelie Kroes delivers a speech at a conference on State Aid Private Enforcement in Brussels October 19, 2009. REUTERS/Sebastien Pirlet    By Edward Taylor and Kirstin Ridley
FRANKFURT/LONDON, Nov 3 (Reuters) – Neelie Kroes’s campaign to shrink banks and launch vast asset sales has angered bankers, who accuse the firebrand European competition commissioner of kicking the industry when it’s down.Investment bankers close to some of the bailed-out lenders blame Kroes for undermining attempts to rebuild the once-lucrative industry by forcing massive, near-simultaneous asset sales, while banning acquisitions.

US lawmaker favors curbing size of financial firms

By Reuters Staff
November 3, 2009

WASHINGTON, Nov. 3 (Reuters) – The government should have the authority to break up or reconstruct financial firms before they become “too big to fail,” a prominent U.S. lawmaker said on Tuesday.