(Reuters) - British banks including HSBC and Lloyds have almost completed the job of building up their defences against a future financial crisis, Bank of England Governor Mark Carney said on Tuesday as he set out details of new capital requirements.
(Reuters) - The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in 2008.
A one-year delay for the implementation of MiFID II is becoming increasingly likely after a group of MEPs confirmed their support for the proposal.
(Reuters) - Chinese shares sank more than 5 percent on Friday in their biggest drop since this summer’s rout after Reuters reported the stock regulator had widened its probe on brokerages to include the country’s fourth-biggest securities firm.
China Haitong Securities is under investigation by the country’s stock watchdog, two people with direct knowledge of the matter told Reuters on Friday – a move that follows probes into two other domestic brokers.