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…)
Financial Regulatory Forum
By Adrian Croft
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.
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.
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.
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.
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.
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.
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.
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.
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.