John GentlesExclusive: Germany, UK say EU bank capital rules need easing for smaller lendersverified_publisherReuters - Huw JonesLONDON (Reuters) - The European Union’s tougher bank capital rules are making it harder for smaller lenders to compete and should be scaled back, Germany and Britain say in an EU document seen by Reuters. It is the latest sign of how policymakers are being more accommodative towards lenders in a bid …
John GentlesBanks charge small firms extra £4bn on top of standard fees for money transfersThe TelegraphSmall firms are paying out £4bn a year in built-in costs when they transfer money overseas using the nation’s high street banks, a landmark study has estimated, and Barclays’ customers are said to be the worst off. The analysis by payments consultancy Accourt, which was commissioned by online …
John GentlesFour questions banks need to answer when they report earningsverified_publisherUSA TODAY MoneyNEW YORK—When the big banks report their fourth-quarter and year-end earnings this week, they are expected to largely meet dampened expectations. The bigger question will be whether the industry survived a tough 2015 only to face an even tougher 2016. Here are the top four questions Wall Street …
John GentlesSwiss Central Bank ready to curb franc's gainsverified_publisherMarketWatch - Brian BlackstoneZURICH--The Swiss franc remains "considerably overvalued," with Switzerland's central bank willing to intervene in currency markets if necessary, a …
John GentlesThe Bank of England is getting even tougher on bankers' bonusesverified_publisherInsider Business - Will MartinThe Bank of England is proposing another new set of rules to govern bonuses paid to bankers and others working in the financial services sector. In a statement released on Wednesday morning, the Prudential Regulation Authority, the bank's regulatory arm, put forward proposals designed to close …
John GentlesEverything the world's central banks are doing in one big mapverified_publisherInsider Business - Akin OyedeleThe pros at Deutsche Bank just released a handy map of monetary policy around the world in their "House View" for 2016. The market anticipates two interest-rate hikes from the Federal Reserve this year, fewer than the Fed's telegraphed plans for four. Regardless of the pace, the consensus is that US …
