Monthly Archives: December 2011

UK banks express concern over EU veto

Posted on December 13, 2011 by Arthur

Banks in the UK are worried that David Cameron's actions regarding the UK's role in solving the euro zone debt crisis could harm the City of London as a financial centre in the future.Financial trading professionals may be among those … Continue reading →

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Confidence ‘not boosted’ by euro zone pact

Posted on December 12, 2011 by Arthur

Confidence among financial trading professionals has not been bolstered by a summit meeting in Europe to help improve budget discipline in the region.Stocks tumbled and the euro fell after the gathering, with the European Union (EU) being split on the … Continue reading →

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Banks react to MPC rate hold decision

Posted on December 9, 2011 by Arthur

The Monetary Policy Committee's (MPC) decision to hold the base rate at 0.5 per cent yesterday (December 8th) sparked a flurry of comments from the financial trading and consumer banking sector, in a week when all eyes seem focused on … Continue reading →

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Consultation launched to improve large bank pay transparency

Posted on December 7, 2011 by Arthur

A consultation forming part of the government's commitment to improve transparency in the banking sector was launched today (December 7th), in a bid to tackle "unacceptable" bonus payments.One of the key aims financial trading professionals might already be aware of … Continue reading →

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UK banks ‘need to build up buffers’

Posted on December 1, 2011 by Arthur

Financial trading professionals will have today (December 1st) heard the Bank of England (BoE) encouraging lenders in the UK to build up their capital buffers.Sometimes referred to as the Old Lady of Threadneedle Street and founded in 1694, the body … Continue reading →

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