Proposed reforms to the foreclosure practices of banks across the US are moving closer to implementation, it has emerged. Talks between American states regarding this area of the financial sector have been ongoing for more than a year as regulators seek to put measures in place to stop any repeat of the housing market collapse that took place... read more
Deutsche Bank has informed its members of staff it is to implement a limit of €200,000 ($266,000) on bonuses this year. That is according to sources within the company, who have told Bloomberg that senior officials at the major German financier are currently involved in discussions regarding additional remuneration on the top of wages. And it... read more
The proposed all share merger between Temenos and Misys, worth the equivalent of $2 billion, is continuing to progress with both firms saying they have reached an agreement in principle, to proceed, with Guy Dubois of Temenos, who are effectively leading a takeover, slated to lead the new entity as its chief executive. The deal is of course still... read more
The ongoing fragility of the UK's economic recovery is likely to lead to the Bank of England (BoE) implementing further quantitative easing (QE) today (9 February). That is the opinion of many leading economists, who believe the central institution is set to inject more cash into the economy in order to add some stability to the uncertain... read more
Banks across the UK look set to experience subdued loan growth throughout this year due to a number of factors, a financier has indicated. Andrew Coombs, analyst at Citigroup, believes a combination of issues such as pressure from regulators to increase capital ratios and the fact both businesses and households will look to cut their levels of... read more
European Union (EU) officials are willing to offer some concessions to the UK with regard to the regulation of the banking industry, it has emerged. According to Jonathan Faull, head of the financial services unit of the European Commission, the organisation's draft financial legislation can be flexible in order to permit Britain and certain... read more
Pay and bonuses in the British banking sector should no longer be subject to corporation tax breaks. That is according to the Trades Union Congress (TUC) - a body with more than six million members - which has called on the government to intervene and change the current rules relating to this law. In a report entitled Bonus Season, the trade... read more
The European Payments Council (EPC), representing the European banking industry in relation to payments, has published the second edition of its 'Whitepaper on Mobile Payments', which is now available for public consultation. The EPC encourages all single euro payments area (SEPA) stakeholders to provide feedback by 23 March 2012.The EPC's... read more
British banks are not doing enough in their role of supporting the country's wider economy in the wake of the recession. That is the opinion of Adam Posen, policymaker at the Bank of England, who believes financiers need to be more proactive in their stance towards assisting the nation's recovery. Some lenders have argued recently that the... read more
