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Britain’s bank ‘ring-fencing’ rules need simplifying
Capital rules imposed on Britain’s high street banks after bailouts during the global financial crisis have not harmed competition. But it may need simplifying....
Sterling’s early gains fizzle
The British pound’s early gains evaporated and it turned lower. This is because the investors consolidated bets ahead of a Bank of England meeting, which is...
Credit Suisse files five insurance claims on Greensill-linked funds
Credit Suisse has filed five insurance claims related to $1.17 billion. This is in exposure across two of its Greensill-linked supply chain finance funds. They had...
Citigroup profit drops on higher expenses
Citigroup Inc reported a 26% slump in fourth-quarter profit. This is because it took a hit from higher expenses and weakness at its consumer...
Fed rate view brightens European bank stock outlook
European bank shares rose further above a three-year high, boosted by the U.S. Federal Reserve’s signal that it could raise rates faster than expected....