Financial Regulatory Forum

By Jane Baird and Jane Merriman
LONDON, Sept 4 (Reuters) – Royal Bank of Scotland will not exercise options to redeem more than $1.5 billion of subordinated debt next month after regulators objected to it using state aid to repay the low-ranked bondholders.

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LONDON, Aug 19 (Reuters) – Lloyds Banking Group, Britain’s largest retail bank, said on Wednesday it was reviewing a decision to close all branches of its Cheltenham & Gloucester unit, surprising employees and investors.

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By Tom Freke and Clara Ferreira-Marques
LONDON, Aug 18 (Reuters) – State-owned British bank Northern Rock said on Tuesday it would defer paying interest on a range of subordinated bonds, propping up its capital position and preempting an anticipated European Commission requirement.

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    LONDON, Aug 16 (Reuters) – Britain’s financial regulator has launched a supervisory review of Royal Bank of Scotland’s <RBS.L> takeover of ABN Amro, the Scottish bank said on Sunday.
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By David Milliken and Matt Falloon
LONDON, Aug 6 (Reuters) – The Bank of England took a far
bigger step than expected to boost Britain’s recession-hit
economy on Thursday, stunning markets by expanding its
quantitative easing plan to 175 billion pounds from 125 billion.

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By Sumeet Desai and Steve Slater
LONDON, July 28 (Reuters) – The body that manages Britain’s multi-billion pound stakes in the country’s part- and fully nationalised banks, said on Tuesday that John Kingman would quit as its chief executive.

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