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WPP Group Loses Yet Another Second Chinese Director

WPP Group is starting approaching some senior Chinese business figures about joining its board, as its last-remaining director from the second-largest economy in the...

MPs Raise Concerns Over End Of Free Banking

This morning, the head of the financial watchdog of the United Kingdom informed the MPs that he is “very alert” to the possibility that...

S&P Global: UK Banks ‘Robust’ Enough To Cope With No-Deal Brexit

S&P Global Ratings has said that the major banks in the United Kingdom are considered to be robust enough to cope with a no-deal Brexit,...

UK Banks Risks Credit Ratings Downgrade In Case Of A ‘No-Deal...

According to an influential agency, UK banks are facing a potential ratings downgrade once the United Kingdom withdraws from the European Union without a...

Bank Stress Tests Broadened By The BoE To Include Additional Buffers

Today, the Bank of England announced that it will broaden the scope of its bank stress tests to include the buffers that are designed...

Lending Standards On Unsecured Lending Tightened By UK Banks

A data that was published today suggest that various banks in the United Kingdom tightened up their lending standards on unsecured loans during the...

Mastercard Talks With UK Banks About Biometric Technology

Mastercard is currently exploring the possibility of testing its fingerprint-scanning cards in the United Kingdom, as the second Payment Services Directive (PSD2) prepared to...

Banks on the Hook for £2bn from Collapse of Carillion, Reports...

Photo by Terry Robinson via Wikimedia Commons According to some reports, banks from the United Kingdom and overseas experience a £2bn hit from the collapse...

Michel Barnier: UK Banks Will Lose ‘Passporting Rights’ After Brexit

The European Union's chief Brexit negotiator has said that after Brexit, British banks are set to lose “passporting rights” to do business in the...

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