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» Co Operative Bank Released the Results Delayed Again

Co Operative Bank Released the Results Delayed Again

The Co-operative Bank was thrown into fresh turmoil on Monday, as it delayed the publication of its 2013 financial results, and its new owners pay agreement, the second time.These figures have been postponed from March 26 after the bank shocked the market last month by acknowledging that it needs further cash injection of £ 400 million on top of the £ 1.5 billion at the end of last year.As a resul[...]

9-Apr-14


» Barclays Settles Care Home Claim

Barclays Settles Care Home Claim

Barclays has avoided its former CEO Bob Diamond claims by agreeing that it mis-selling interest rate swaps to nursing homes in the UK potentially embarrassing the High Court case.To return to the Barclays fell Graiseley property claims, the bank said it had restructured the guardian of £ 70 million care home owner owes a controversial interest rate swaps.Trial has been set for this month; witnesse[...]

8-Apr-14


» Federal Reserve Gives extra Time to Volcker Compliance

Federal Reserve Gives extra Time to Volcker Compliance

U.S. Federal Reserve Board granted a new concession to the bank on Monday Volcker rule shall give them two years to share its holdings of mortgage debt in order to comply with the measures .Volcker rule seeks to prohibit proprietary trading, would force banks to spin off its CLO investments, resulting in billions of dollars in losses.Some industry organizations hope that the regulatory agencies by[...]

8-Apr-14


» Europe two Biggest Central Banks Seek to Revive the "Toxic" Assets

Europe two Biggest Central Banks Seek to Revive the "Toxic" Assets

Europe 's two biggest central banks will join forces to promote global financial crisis to blame for the asset class to relax the rules as they try to unclog the flow of credit in the region.European Central Bank and the Bank of England’s target are to make the joint intervention, as soon as this week in Washington, International Monetary Fund (IMF) meetings, they returned to the market for asset-[...]

8-Apr-14


» Bank Disputes Spur Rise in Commercial Court Cases

Bank Disputes Spur Rise in Commercial Court Cases

Including bank disputes - to reach last year's number of commercial courts in the complex up “generous" action helps to push the case, according to new figures.Study by the law firm RPC found cases rose to 1,353 in 2013 to 1,167 in 2012.The company believes that the increase reflects its origins in the financial crisis, when the time they began to filter through the system of dispute between the i[...]

7-Apr-14