Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.
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Tuesday 01 October 2013
UK banks will face annual stress tests for the first time to see if they could survive a major collapse in financial markets or the economy, the Bank of England said today.
Thursday 29 August 2013
Co-operative Bank reports pre-tax losses of £709m in six months to end of June, wiping out profits from its supermarkets
Sunday 18 August 2013
Tuesday 13 August 2013
Prudential’s chief executive Tidjane Thiam has described new capital rules from Brussels as “one of the biggest threats to UK jobs and growth”.
Thursday 08 August 2013
Outlook Mark Carney seems determined to make a noise, and despite an economic backdrop which appears to give him and his colleagues on the Bank of England's Monetary Policy Committee only limited room for manoeuvre, he's surely done it.
Friday 02 August 2013
Retirees turning their back on the housing market in the pursuit of ready cash to settle debts are paying the price in accommodation costs, the latest figures suggest.
Thursday 01 August 2013
More than 40% of retired renters are former property owners and pay £423 a month in rent on average
Sunday 21 July 2013
They hope their Olympic successes can help them to catch up with the men’s sport
Monday 01 July 2013
The team behind the £43bn High Speed 2 rail link wants new powers to borrow money in debt markets and hedge against the cost of rising commodity prices. HS2's commercial director, Beth West, is in talks with ministers over legislation to enshrine the new powers. She said raising debt would allow managers to "bring in financial discipline" instead of relying on the Government.
Monday 17 June 2013
Legal & General has ended its year-long search for a new finance director, having had its original choice blocked by the City regulator.
Wednesday 22 May 2013
Paragon, the buy-to-let mortgage provider, is applying for a banking licence in order to kickstart its consumer lending business.
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