INFLATION AT A SIX-MONTH HIGH
Inflation rose to a six-month high in November denting any hopes of further monetary easing by the Bank of England in the near future.
Consumer Price Inflation rose to 3.3 percent last month from October's 3.2 percent, marking the 11th...
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Standard Chartered Bank cash call proves very popular
Standard Chartered sold the few shares not taken up in its £3.3 billion pound rights issue at just below a record high price, helped by optimism the call will fuel strong growth.
The fund-raising will boost capital ahead of tougher...
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UK Banks Face Multi-Billion Pound Bill
Our banks could have to pay out over £5 billion to compensate customers who were mis-sold insurance policies after Bank of America were warned that it faces a big hit.
The competition watchdog has been probing the possible mis-selling of...
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New bank liquidity rules to be phased in
Global banking supervisors have agreed to phase in the introduction of a new global standard on lenders' minimum short-term funding cover, allowing under-pressure banks a collective sigh of relief.
The Basel Committee (representing 27 countries) had already agreed to...
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