United Kingdom

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EU’s Brexit Negotiator Michel Barnier Puts Tight Timeframe on U.K. Leaving the Bloc

The European Union’s Brexit point man signaled an uncompromising stance on talks, laying out a tight timetable for the U.K.’s exit from the bloc and sticking to its warning that the country couldn’t freely pick and choose its future relationship with the ...

Daily Headline - global.abi.org - 12/06/2016 - 23:08 - 0 comments

Britain’s Supreme Court Hears Legal Challenge to ‘Brexit’

In one of the most significant constitutional cases in decades, Britain’s Supreme Court began a hearing on Monday to determine whether Parliament should vote before the government begins formal steps to quit the European Union, the International New Yo ...

Daily Headline - global.abi.org - 12/05/2016 - 22:23 - 0 comments

Dublin Bank Targeted By UK Firm Involved In Italian Rescue

A UK distressed debt investor that has been at the centre of a rescue plan for Italy’s third biggest bank, Monte dei Paschi di Sienna, has emerged as the leading bidder for a niche bank being sold in Dublin, the Irish Times reported. Sources said Att ...

Daily Headline - global.abi.org - 12/04/2016 - 20:45 - 0 comments

Britain Stands Alone With Its Tough Stance On Banks

Eight years after the financial crisis, we were all getting bored of bank stress tests. Most of the institutions are so much stronger and better capitalised than they were, and the laggards were so obvious that the tests were starting to get dull, the ...

Daily Headline - global.abi.org - 12/04/2016 - 20:45 - 0 comments

R.B.S. to Bolster Capital Position After Failing Stress Test

The Royal Bank of Scotland said on Wednesday that it would further bolster its capital position after failing regulatory stress tests that measure the ability of large banks to weather a financial crisis, the International New York Times DealBook blo ...

Daily Headline - global.abi.org - 11/30/2016 - 21:26 - 0 comments

Falling Commercial Property Prices Threaten UK Banks

Falling commercial real estate prices after the UK’s vote to leave the EU pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said. Values have declined 2.6 per cent since the referendum and may drop furth ...

Daily Headline - global.abi.org - 11/30/2016 - 21:31 - 0 comments

BoE Puts AT1 Through Its Paces With Most Severe Tests Yet

UK banks' Additional Tier 1 bonds would be fair game and converted into equity if they hit severe problems, the Bank of England's most stringent stress tests yet showed on Wednesday. This year's test was the third annual healthcheck by the ...

Daily Headline - global.abi.org - 11/30/2016 - 21:33 - 0 comments

UK's Big Energy Suppliers Eye Bankrupt Provider's 160,000 Customers

Britain's biggest energy suppliers have submitted bids to take over 160,000 customers left behind by bankrupt energy provider GB Energy, which collapsed on Saturday after being caught out by rising market prices, Reuters reported. All of Britain ...

Daily Headline - global.abi.org - 11/28/2016 - 22:33 - 0 comments

Britons Face ‘Dreadful’ Decade of Wage Stagnation, IFS Says

British workers are facing the longest period of wage stagnation in at least 70 years as faster inflation and lower productivity eat into pay packets, the Institute for Fiscal Studies said, Bloomberg News reported. Real earnings in 2021 are on course to ...

Daily Headline - global.abi.org - 11/25/2016 - 00:58 - 0 comments

Britain Cuts Government Stake In Lloyds To Below 8%

Britain has cut its stake in Lloyds Banking Group to just below 8 per cent in a renewed attempt to return the lender to full private ownership over the next year, the Irish Times reported. Lloyds said in a statement on Tuesday the government had redu ...

Daily Headline - global.abi.org - 11/22/2016 - 21:37 - 0 comments

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