2012

Feb

01

BoE Governor, Paul Tucker - Banks Must Accept New Rules

The deputy governor of the Bank of England (BoE), Mr. Paul Tucker, in a letter written to the Financial Times explained the need for banks across the United Kingdom to accept a new set of rules and regulations in order for the British financial industry to move forward in the near future.

2012

Feb

02

CitiGroup to Stop Using Mortgage Brokers

The third-largest lender in the United States by assets, CitiGroup has announced that it plans to stop using brokers to originate mortgages and it probably will cut jobs as it exits the business while banks struggle with the fallout from the housing collapse.

2012

Feb

02

Report - 16 Percent Increase in Banking and Financial Regulatory Changes in 2011

A report from Thomson Reuters Governance, Risk & Compliance has revealed that, banks and other financial services firms had to deal with 60 regulatory changes every working day during 2011.

2012

Feb

01

Bank of England - U.K. Banks' Business Lending Decreasing

Figures published by the Bank of England reveal that business lending from banks across the United Kingdom is diminishing in spite of the government's determination to boost transactions in this area in the wake of the recession.

2012

Feb

03

Citi Prepaid Services Now In Latin America

Citi's Global Transaction Services has launched its Citi Prepaid Services in three cities of Latin America with an intention to increase branding and delivering a more impactful payment system.

2012

Feb

03

Twelve Banks under COMCO Scrutiny

Twelve banks across the world are presently under the scrutiny of the Swiss Competition Commission (COMCO) for having conspired to manipulate lending rates.

2012

Feb

03

Deutsche in Ideal Position to Increase Profitability, Says Ackermann

Chief Executive Officer of Deutsche Bank, Josef Ackermann, affirms that Investment banks will not earn high levels of revenue in the near future, given the present uncertainty in the financial system.

2012

Feb

03

U.K. Economy to Face Further Economic Downturn in 2012

U.K. will experience contraction of 0.1 percent through 2012, according to a research published by the National Institute of Economic and Social Research (NIESR).

2012

Feb

03

Segal Advisors Acquires Rogerscasey’s Investment Consulting Business

Segal Advisors, Inc., the investment-consulting affiliate of The Segal Company has acquired the global investment consulting firm Rogerscasey.

2012

Feb

02

U.K. MPs Call For Government Cybercrime Awareness Campaign

MPs in the U.K. have called for a government cybercrime awareness campaign to educate Brits against cybercrimes.