RBS plans scale down of overseas investment banking
Royal Bank of Scotland will pull its corporate and institutional banking operations out of 25 countries in central and eastern Europe, the ... read more
Lucy England
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China clamps down on banking security
The Chinese government is pressuring the country’s banks to buy what it calls “secure and controllable” IT equipment – but will it push foreign companies out?
Pound reaches pre-crisis levels against euro
Good news for UK companies that import from or travel regularly to Europe: the pound has climbed above £1.40 against the euro for the first time since 2007.
US Treasury pushed to scrutinise real estate market
Nonprofit organisations are urging the US Treasury Department to force the real estate industry to subject buyers to tougher identity verification and money-laundering screening.
New challenger joins UK banking industry
CivilisedBank will offer an online service to small and medium-sized businesses later this year after securing its first round of funding.
Non-bank lenders nab 7% of US banking profits
The rise of alternative financial providers has hit traditional US lenders hard, and could cause them to lose up to 7% of their annual profits.
Drop in Barclays profit follows misconduct fine prep
Barclays reported a fall in profits as it set aside more funds to cover potential fines for currency market manipulation and PPI compensation.
