Friday Papers: Doubts over Fed’s QE3 spark sharp dollar fall
Top stories Financial Times: The dollar suffered a sharp fall on Thursday as nervousness over US jobs data prompted uncertainty over how long the Federal Reserve will continue to pump liquidity into...
View ArticleWhen the Danube floods, Europeans are awash in problems
WASHINGTON – It is the end of an era on Threadneedle Street, the narrow street in the City of London from which the Bank of England has for centuries lorded over the British economy. When the bank’s...
View ArticleEU plans could spell doom for oil price reporting
By Peg Mackey and Alex Lawler LONDON (Reuters) - Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies (PRAs), industry sources...
View ArticleThrough the Eyes of Wall Street Interns
> Morning Agenda View all posts WALL STREET INTERNS, A WEEK IN THE LIFE | Grueling hours. Five-figure pay. And, just maybe, the hope of a job offer in the fall. Such is life for summer interns on...
View ArticleESMA and the EBA publish final principles on benchmarks (EBA - European...
(Source: EBA - European Banking Authority) The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published their final report setting out their Principles...
View ArticlePRESS DIGEST - Wall Street Journal - June 7
June 7 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * The National Security Agency's...
View ArticleEU to ease new data rules
By Claire Davenport BRUSSELS (Reuters) - EU justice ministers meeting in Luxembourg on Thursday agreed to dilute proposed rules that would require all data privacy breaches to be reported to national...
View ArticleCriminal Cases Loom in Rate Rigging
By DAVID ENRICH and JEAN EAGLESHAM LONDON—U.S. and British authorities are preparing to bring criminal charges against former employees of Barclays PLC for their alleged roles trying to manipulate...
View ArticleEU benchmark reform plan threatens oil price reporting
By Peg Mackey and Alex Lawler LONDON (Reuters) - Tough new rules proposed by the European Union for financial benchmarks would seriously threaten oil price reporting agencies (PRAs), industry sources...
View ArticleOfgem to review gas, power benchmark setting
LONDON (Reuters) - Ofgem on Thursday launched a review of how price reporting agencies (PRAs) set wholesale gas and electricity prices, while separately investigating allegations of market rigging and...
View ArticleWeek ahead in committees
There's plenty of serious committee business this week - but I suspect the most interesting meetings will be the private report-drafting sessions of the Parliamentary Commission on Banking, where huge...
View ArticleBank bonuses ceiling under fire already
A landmark report on British banking was under fire yesterday before it was even published, as critics claimed its call to defer bankers' bonuses for up to a decade was "unworkable" and could not be...
View ArticlePressure grows on Britain to exit bailed-out banks
The Archbishop of Canterbury, a former chancellor of the exchequer and the outgoing governor of the Bank of England are unusual comrades in...
View ArticleCommission to demand radical overhaul of punishment for bankers
The Banking Commission report on standards in the City is to demand a radical overhaul of the punishment of bankers who have overseen failed institutions and open the door to new rules on...
View ArticleBritain to launch public sale of Lloyds shares, RBS later - paper
LONDON (Reuters) - Chancellor George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group , the Sunday Times reported without citing sources. Shares the...
View ArticleLibor supervision likely to move to Paris in new move to stop rigging
In this article Companies and organisations: European Union LONDON/BRUSSELS — European Union regulators published guidelines on Thursday to stop banks rigging Libor and other market benchmarks in an...
View ArticleEU watchdog maps out anti-rigging rules for Libor
LONDON/BRUSSELS (Reuters) - European Union regulators published guidelines on Thursday to stop banks rigging Libor and other market benchmarks in an interim measure before a more far-reaching EU law...
View ArticlePanel To Hit Banks With Account-Switch Threat
8 June 2013, 17:32 Panel To Hit Banks With Account-Switch Threat Tweet Britain's banks face the threat of being forced to pay for a multi-billion pound system for customers to move their accounts...
View ArticleBritain to launch public sale of Lloyds shares, RBS later: paper
LONDON (Reuters) - British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group , the Sunday Times reported without citing...
View ArticleBankers Face 10-Year Delay on Bonuses
Top bankers risk having their bonuses deferred for up to a decade under plans to be published next week by a powerful commission of UK MPs and peers. The proposal, in a draft report of the...
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