Banks, businesses and unions give their views on the Autumn Statement November 29, 2011 THE BRITISH BANKERS’ ASSOCIATION The BBA is the leading trade association for the UK banking and financial services sector, speaking for over 200 member banks DIRECTOR GENERAL ANGELA KNIGHT “This Autumn Statement makes a serious addition to the large sums already being lent to the business community by the banks. With the Eurozone crisis putting [...]
Banks, businesses and unions give their views on the Autumn Statement November 29, 2011 THE BRITISH BANKERS’ ASSOCIATION The BBA is the leading trade association for the UK banking and financial services sector, speaking for over 200 member banks DIRECTOR GENERAL ANGELA KNIGHT “This Autumn Statement makes a serious addition to the large sums already being lent to the business community by the banks. With the Eurozone crisis putting [...]
US stocks sink as confidence drops November 21, 2011 US stocks fell for a fourth session yesterday, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities. Risky assets like commodities also fell, sparking a sell off in shares of industrials and energy companies. Volume was lower than average, with investors [...]
Vickers: UK banks to stay October 10, 2011 NO BANK will leave the UK as a result of the Independent Commission on Banking’s (ICB) proposals, its chair Sir John Vickers claimed yesterday. But his fellow ICB members broke ranks to suggest that other measures such as the UK’s balance sheet levy for banks could make lenders reconsider their domicile. During the hearing of four [...]
Merkel backs plan to prop up Eurozone banks October 5, 2011 GERMAN chancellor Angela Merkel said she would support moves to plough fresh capital into the Eurozone’s banks if they had to write off large chunks of their holdings of government debt yesterday. Merkel backed the move to inject more state funding into the region’s banks to restore confidence in them as they struggle to contain [...]
Reclaim the City from Robin Hood tax risks November 6, 2011 MUCH has been written in recent weeks about the protest camp outside St Paul’s and about the City of London Corporation’s attitude to it. I would like to take this opportunity to bring a degree of clarity to the situation. The City fully supports the democratic right to protest and at no point have we [...]
Slovakia delays key decision on expanding EFSF October 10, 2011 THE FOUR parties of Slovakia’s ruling coalition ended talks on trying to solve a dispute over expanding the Eurozone’s European Financial Stability Facility (EFSF) safety net without a deal yesterday but will continue discussions from 7am this morning, the Slovakian prime minister said. Government sources said Prime Minister Iveta Radicova had threatened to resign earlier [...]
Slovakia delays key decision on expanding EFSF October 10, 2011 THE FOUR parties of Slovakia’s ruling coalition ended talks on trying to solve a dispute over expanding the Eurozone’s European Financial Stability Facility (EFSF) safety net without a deal yesterday but will continue discussions from 7am this morning, the Slovakian prime minister said. Government sources said Prime Minister Iveta Radicova had threatened to resign earlier [...]
Greeks vote for taxes but Germans rebel September 27, 2011 THE Greek government managed to persuade its members of parliament to vote for further austerity measures yesterday, a crucial step in securing its next tranche of aid to avoid a default next month. All the ruling Socialist party’s 154 MPs, plus one independent, voted to impose a controversial new property tax that aims to raise [...]
Keep a new Heathrow runway on the table December 4, 2011 GRIDLOCK is often the outcome of public sector walkouts so we can be grateful that last week’s strikes did not, as feared, severely impact upon Heathrow. Civil servants and others stepped in to prevent the lengthy queues and angry scenes that would have damaged our international reputation with both tourists and businesses. As a world-leading [...]