G20 leaders failed to agree on a new bank tax at a summit this week in Canada, leaving it up to individual countries to make their own arrangements.
After months of speculation a death sentence has been served on the Financial Services Authority (FSA) as chancellor George Osborne puts in place a new financial regulatory regime designed to f
George Osborne is expected to reveal changes to the structure of the FSA, as well as laying out a new bank levy in his first Mansion House speech this week.
The Bank of England has announced today that interest rates will remain at 0.5% in a bid to lend stability to jittery markets.
A leaked PwC report indicates that a planned overhaul of the banking system could plunge the country back into recession.
Gordon Brown has admitted he should have done more manage the regulatory regime correctly, but that won’t stop some £6.8bn in bonuses being handed out to City workers this year.
The Oxford University Centre for Business Taxation has released a detailed summary of the two new proposed bank taxes.
The International Monetary Fund has put forward proposals for two separate new taxes on banks to avoid public money being spent on future bank bailouts.
Tom Felton, who plays Draco Malfoy in the Harry Potter films is the latest celebrity to back the proposed tax on banks.
Lloyds TSB has criticised a new scheme which gives an independent adjudicator the ability to overturn a bank’s decision to deny loans to small companies.