(Reuters) - Just as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules is too much of a burden for markets and taxpayers.
The recent weakness in sterling has enhanced the potential returns creditors of Lehman Brothers’ London entity could make by at least US$1bn.
(Reuters) - Moody’s Corp, parent of ratings agency Moody’s Investor Services, said on Friday the US Justice Department was preparing a civil complaint against the company, alleging violations of federal law in the run-up to the financial crisis.
Britain will do whatever is needed to ensure the stability of the financial services sector and markets during the process of negotiating its exit from the European Union, Brexit minister David Davis said.
(Reuters) - Switzerland urged US officials to consider the global importance of UBS and Credit Suisse in a recent meeting ahead of potential fines for Switzerland’s two big banks over claims they mis-sold mortgage-backed securities, a top Swiss diplomat said.