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23 Dec 2011
China is set to increase the amount it invests in environmental protection measures by 40% over the next five years, the country's State Council has announced.
21 Dec 2011
The Chancellor of the Exchequer should be given "automatic" control over the Bank of England in the event of another economic crisis, a committee has said.
20 Dec 2011
The sale of the state-owned Northern Rock bank to Virgin Money will be investigated by the National Audit Office (NAO), according to a Labour MP.
19 Dec 2011
New laws splitting banks' customer facing activities from their commercial and investment activities will go through "in the lifetime of this Parliament", the Chancellor of the Exchequer has announced.
16 Dec 2011
European banks face the equivalent of a €221 billion shortfall in the capital they must carry to comply with stricter requirements due to come into force from 2013, according to new research from leading industry advisors the Boston Consulting Group (BCG)....
12 Dec 2011
Directors of banks that fail in the future should face "personal consequences" such as automatic bans, fines or the return of remuneration, the chairman of the Financial Services Authority (FSA) has said in a report on the near collapse of the Royal Bank...
07 Dec 2011
New controlled foreign company (CFC) tax rules contained in draft legislation published today will give a more specific definition of which profits are within the scope of the CFC charging regime.
The head of the Serious Fraud Office is encouraging the Government to legislate to allow the prosecution of banks whose staff sell financial products in a 'reckless' way, he has said.
06 Dec 2011
The Government will implement EU proposals that will allow charities and universities to share services without charging each other VAT, according to proposals published in today's draft Finance Bill 2012.
05 Dec 2011
Banks should begin limiting dividend payouts and give serious consideration to raising external capital reserves in the coming months if they cannot build up reserves from their earnings, an influential banking committee has warned.