Results for United Kingdom
- Co-op Bank Plans a Novel 'Bail-In'
Co-operative Bank PLC asked bondholders to take heavy losses to stave off a potential collapse, the latest case in Europe of debtholders, rather than taxpayers, taking a hit, The Wall Street Journal reported. Co-op Bank, part of the Co-operative Grou ...
Daily Headline - global.abi.org - 06/18/2013 - 21:48 - 0 comments
- Scottish Bankruptcy Bill Promises Fairness For Debtors And Creditors
New bankruptcy legislation aiming to strike a better balance between the rights of debtors and the rights of creditors has been introduced, the BBC reported. The Bankruptcy and Debt Advice (Scotland) Bill 2013 will provide for improved financial advice. ...
Daily Headline - global.abi.org - 06/12/2013 - 23:03 - 0 comments
- Bermuda Deals Blow To David Cameron’s Hopes For Tax Evasion Pact
David Cameron’s hopes of agreeing an international deal on fighting tax evasion suffered a blow when Bermuda said it would not commit to a pact before next week’s summit of the Group of Eight leading economies, the Financial Times reported. UK offici ...
Daily Headline - global.abi.org - 06/12/2013 - 23:05 - 0 comments
- Britain Readies Banks For Return To Private Ownership
Britain will give its strongest indication yet that it is ready to return part-nationalised Lloyds Banking Group and Royal Bank of Scotland to private ownership later this month, political and industry sources said, Reuters reported. Chancellor George Os ...
Daily Headline - global.abi.org - 06/10/2013 - 23:03 - 0 comments
- Ulster Bank ‘Cost British Taxpayers £10 Billion’
Ireland was given a “back-door bailout” worth around £10 billion (€11.5 billion) by Britain in “an arrangement that was never explicitly approved by parliament”, according to a report today, the Irish Times reported. The London Times claims Ulste ...
Daily Headline - global.abi.org - 06/10/2013 - 23:10 - 0 comments
- Pay Still Excessive In Britain's Financial Services, Say Workers
Pay and bonuses in Britain's financial services sector remain excessive and encourage risk-taking, according to those working in it, undermining efforts by politicians and regulators to reform an industry blamed for its role in the financial crisis, ...
Daily Headline - global.abi.org - 06/05/2013 - 22:16 - 0 comments
- Insolvency Level Remains At An All-Time Low
Scottish business insolvencies have remained at an all-time low rate of just 0.03 per cent for ... insolvency rate has now stayed at 0.08 per cent for a whole quarter – February to April – for the first time ... 0.03 per cent for five months in succession, a report out today discloses, Scotsman.com reported. ...
Daily Headline - global.abi.org - 06/03/2013 - 20:52 - 0 comments
- Co-Op Weighs Up Banking Arm Rescue Plan
The Co-operative is weighing a rescue plan for its banking subsidiary that could impose losses on the unit’s junior bondholders to bolster its capital levels, the Financial Times reported. The UK funeral-to-supermarkets group is working through its o ...
Daily Headline - global.abi.org - 06/02/2013 - 23:16 - 0 comments
- Falling Insolvency Figures Could Return To 2005 Levels
A rise in “zombie debtors” – people paying only the interest charges on their debt and not the debt itself – is masking the difficulties faced by many households in the UK, according to insolvency experts, the Financial Times reported. RSM Tenon, the ...
Daily Headline - global.abi.org - 05/28/2013 - 22:10 - 0 comments
- FRC Says Accountants Must Quiz Banks More
Accountants still fail to question banks properly over how they make provisions for poorly performing loans on their books, auditing policeman Financial Reporting Council (FRC) said on Wednesday, Reuters reported. The criticism goes to the heart of regul ...
Daily Headline - global.abi.org - 05/28/2013 - 22:13 - 0 comments