Co-op Bank stops lending to new corporate clients
LONDON - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital position.
FCA fines JPMorgan 3 million pounds
LONDON - The Financial Conduct Authority said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds for being unable to show it was giving clients the right advice.
European money market funds face cash buffer rule
LONDON - About half of the European Union's trillion euro (850 billion pound) money market funds would have to set aside a chunk of cash under a proposed EU reform to make a run on a fund in rocky markets less likely.
UK inflation expectations at 10-month low
LONDON - Britons expect inflation of 2.5 percent over the coming year, the lowest rate since the one they predicted in July last year, a YouGov/Citi survey showed on Thursday.
'Investment calculator' offers investors transparency on fees
LONDON - A new tool launched on Wednesday promises British investors a way to cut through what its authors call the "smoke and mirrors" used by investment firms to charge hidden fees and get a more realistic valuation of their investments.
Inflation falls in April, giving more leeway for stimulus
LONDON - British inflation fell twice as fast as expected last month, giving incoming Bank of England governor Mark Carney more leeway to support the economy with more stimulus should the recovery weaken.
Buy-to-let lender Paragon to launch bank in 2014
LONDON - Buy-to-let mortgage provider Paragon plans to set up a bank next year, taking advantage of new rules designed to encourage competition to Britain's established lenders.
Breakaway Scotland to face high saver protection costs
LONDON - The cost of protecting Scottish savers would prove difficult to bear if the country broke away from the rest of the UK, a study by the Treasury said on Monday.
UK fuel poverty drops to lowest level since 2008
LONDON - The number of British households struggling to pay their energy bills dropped in 2011 to its lowest level since the beginning of the financial crisis in 2008, according to the latest government figures published on Thursday.
UK jobless claimant count falls sharply
LONDON - The number of Britons claiming unemployment benefit fell much more than expected in April, official data showed on Wednesday, in the latest sign that the economy is starting to find its feet.
UK's worst property loans rise to near quarter of total
LONDON - Almost a quarter of commercial property loans in Britain are higher in value than the underlying real estate, a study showed on Friday, highlighting the toxic legacy of reckless lending before the financial crash.
Pension funds relieved as EU drops capital rules proposal
LONDON/BRUSSELS - European regulators have dropped a bid to make pension funds subject to the same capital rules as banks and insurers, which could have cost European businesses billions of pounds to make their pension schemes more financially secure.
Government backs push for alternative small firm funding sources
LONDON - British firms should look for funding outside the banking sector, Business Secretary Vince Cable said on Monday, marking the latest effort to generate growth among small- and medium-sized businesses (SMEs).
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