Tag: Britain
A pause in labs: Brit innovation left to grasp for straws
Ros Deegan had the exhilarating experience of raising $100 million to expand her biotech company in Oxford. However, her excitement was dampened by the...
Britain aligns with EU on delaying Basel bank capital rules
The Bank of England said that it planned to delay implementing a final set of post-financial crisis capital requirements for banks until January 2025....
Britain sanctions Russian oligarch Timchenko & five banks
Britain imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin. This is after the Russian president deployed military...
No Evergrande fallout in Britain
Bank of England Governor Andrew Bailey said that resolving Chinese property developer Evergrande Group’s struggle with $300 billion in liabilities has been fairly protracted. But...
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....
FTSE 100 hits fresh 1-1/2 year high
Britain’s FTSE 100 rose in the first trading session of 2022. This is after its best annual gain in five years. That too after...
Britain’s financial watchdog vigilant ahead of COVID
The Financial Conduct Authority said that regulators will monitor how Britain’s furlough scheme ends for signs of distress among consumers. It also said it...
Britain unveils plan to return NatWest to majority private control
Britain’s government unveiled a blueprint for returning NatWest to majority private ownership within a year, more than a decade since bailing out the lender...
Britain’s Lloyds enters private rental market
British lender Lloyds Banking Group said that it has launched its private rental business. And the main aim of this business is to buy...
Britain’s Sunak promises to sharpen City of London’s competitive edge
Britain will unveil its blueprint for building the world’s advanced financial sector after Brexit largely severed the City of London financial district from the...
