The Bank of England has been accused of getting a “big call” on private bank regulation wrong by the architect of the Government's post-crisis financial reform drive, Sir John Vickers.
Viewed in isolation the idea looks like a reasonable fudge but once obligations are changed where does the process stop? Steelworkers wave banners during a protest march in London on Wednesday.
NEW YORK The U.S. dollar slipped on Thursday after U.S. durable goods orders data showed weakness in business spending plans, while world stock indexes edged higher, extending recent gains.
ISS has recommended that WPP investors back Sir Martin Sorrell's �70m pay deal at next month's AGM, Sky News learns. 15:25, UK, Thursday 26 May 2016.
MILAN/LONDON, May 26 (Reuters) - European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular raised fears that others in the region may follow to strengthen their balance sheets.