Bank officials admit US bailouts 'better' than UK's
- When bigger isn’t better: bailouts and bank reform. Miller, Marcus; Zhang, Lei; Li, Hanhao // Oxford Economic Papers;Apr2013, Vol. 65 Issue suppl_1, pi7
Taking retail deposits and lending to SMEs and households were the traditional role of commercial banks: but banking in Britain has been transformed by increasing consolidation and by the lure of high returns available from investment banking. With appropriate changes to the Diamond and Dybvig...
- A bit of pre-recession optimism. Laker, Sally // Lending Strategy;Nov2008, p19
The article commends British Prime Minister Gordon Brown and his government's decision to invest in the banks to pump more cash into the financial system and restore confidence. The move was duplicated in other countries despite claims from commentators who implied that the move was socialistic...
- Banks given all clear to end bonus bonanza. Pitcher, Greg // Personnel Today;10/14/2008, p4
The article reports that banks in Great Britain have to cut back on bonuses after the Â£50 billion government bailout. Chancellor of the Exchequer Alistair Darling says that banks would have to curb big payouts if they took taxpayers' money. He said that the aim to curb incentives that reward...
- MEDICAPITAL. Versi, Anver // African Business;Apr2008, Issue 341, Special Section p30
The article provides information on Medicapital. The company obtained a British banking license in May 2007 to act as an interface between the large pool of investors in London, England and the bank's clients, mainly in Francophone Africa and Angola. The scope for mid-market projects, which is...
- Government introduces the first phase of Business Bank. Jordan, Hannah // PrintWeek;4/19/2013, p3
The article reports on the decision of Great Britain to unveil the first phase of its Business Bank with an investment programme for small and medium enterprises worth 300 million British pounds.
- LibDem MEP Sharon Bowles seeks European cap on 'rip off' fees. Dale, Samuel // Money Marketing;
The article highlights the criticisms of Liberal Democrat Member of the European Parliament (MEP) and Economic and Monetary Affairs committee chair Sharon Bowles against high street British banks for imposing rip-off investment advice charges on customers after the Retail Distribution Review (RDR).
- Government spends Â£1bn on business bank. // Convenience Store;9/28/2012, p7
The article reports that the British government will invest one billion British pounds on a new bank in an effort to increase lending opportunities for small businesses.
- JP Morgan hit with a Â£31m FCA fine over advice failings. Holt, Natalie // Money Marketing;5/30/2013, p12
The article reports on the 3.1 million British pounds fine received by JP Morgan International Bank from Great Britain's Financial Conduct Authority for suitability failings related to its retail investment advice and portfolio investment services, which was also caused by the bank's failure to...
- Bank bailout mark II: Will it work? Hall, Maximilian J. B. // Journal of Banking Regulation;Apr2009, Vol. 10 Issue 3, p215
On 19 January 2009, the UK Government unveiled a second comprehensive bank bailout plan. This followed the failure of its October bailout package to stimulate domestic lending, as intended. The various components of the new ï¿½rescue packageï¿½ are duly explained and analysed in this...