Tag Archives: not

Post-Brexit deals ‘not at price of EU free trade ties’

Post-Brexit trade deals should not “come at a price” to existing agreements with other EU nations, ex-chancellor George Osborne says. But he told the BBC’s Andrew Marr the UK needed a “hard-headed assessment” of issues such as the EU customs union. On the same programme, International Trade Secretary Liam Fox did not reveal his stance on the customs union, which ... Read More »

Small banks rally pauses but may not be over yet

The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks .SPSMCBKS has surged more than 20 percent since Trump’s surprise Nov. 8 victory, while their large-cap ... Read More »

Carney says will not extend his time at BoE again

Bank of England Governor Mark Carney said on Tuesday he would not consider a further extension of his time in charge of the British central bank, which is now due to end in June 2019. “I will leave June 30, 2019,” Carney said in response to a question during a regular meeting with lawmakers in parliament. The Canadian said on ... Read More »

HSBC executive pleads not guilty in U.S. over forex scheme

A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion (2.67 billion pounds) currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time of his arrest last month was ... Read More »

Nissan to recall 3.53 million vehicles: air bags may not deploy

Nissan Motor Co Ltd (7201.T) said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction. The Japanese automaker said this is the fourth recall since 2013 to address problems with occupant classification systems that may fail to properly identify adult front seat ... Read More »

India growth to hold strong; rate cut likely, but not soon: Reuters poll

India’s growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5 percent, leaving the Reserve Bank of India (RBI) on the sidelines for at least another six months, a Reuters poll showed on Thursday. The RBI is forecast to cut the repo rate to 6.25 percent in the ... Read More »

US banks not prepared for another financial crisis, say federal regulators

Some of the US’s biggest banks still lack a proper plan for bankruptcy, in the event of another major financial crisis, US regulators said on Wednesday. In the wake of the great recession banks were required to come up with “living wills” to prove they had a credible plan for bankruptcy that would not require another bailout from the taxpayers. ... Read More »

Met chief suggests banks should not refund online fraud victims

Bernard Hogan-Howe accused of victim blaming after saying cybercrime is made worse by people with poor web security Met said Hogan-Howe’s remarks focused on consumers who did not take basic precautions and it was not a blanket proposal for all online fraud victims. Photograph: Joe Raedle/Getty Images Britain’s most senior police officer has been accused of attempting to shift blame ... Read More »

Bernard Hogan-Howe is wrong: victims of online fraud are not to blame

The Met police chief’s suggestion that victims of online fraud should no longer be refunded by banks was an astonishing misjudgment. Sir Bernard Hogan-Howe’s talk of careless customers being “rewarded for bad behaviour” ignores a far greater problem with online security. When Which? investigated last year, we found that too often banks were dragging their feet when dealing with cases ... Read More »