Latest news 8 Feb 2012

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

RBS & NatWest are proud to announce their RBS & NatWest Business Banking App for iPad, iPhone and iPod touch is now available on the App Store. Business customers are able to track and monitor multiple bank accounts (allowing entrepreneurs to view their full account portfolios), check balances, view transactions and make intra-account transfers. A... 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

• Highest Full Year Revenue Growth since 2008 • Strong Electronic Channels Growth • 2012 Expected to Be Impacted by Macro Challenges and Currency • 25% Increase in Quarterly Dividend Announced The Western Union Company (NYSE: WU) today reported financial results for the 2011 fourth quarter and full year, and its financial outlook for... read more

Charles River Development (Charles River), a front- and middle-office investment solutions provider, today announced that in 2011 the company increased its customer base with the addition of 39 clients encompassing all vertical markets within Investment Management. As part of providing a completely managed solution, the company launched the Charles... read more

Report Entitled: Armageddon USA? America at the Crossroads Tullett Prebon plc, (“Tullett Prebon”), one of the world’s leading inter-dealer brokers, today issued a report by Dr. Tim Morgan, Global Head of Research, entitled, “Armageddon USA? America at the Crossroads,” a sharply critical, no-holds barred analysis of the current fiscal and... read more

UBS ended the year with an even stronger capital position and sound liquidity and funding positions, and maintained its standing as one of the world's best capitalized banks. In the fourth quarter, the firm made clear progress towards achieving its strategic goals, reducing Basel III risk-weighted assets (RWA) by an estimated CHF 20 billion and... read more