The Financial Policy Committee is today launching a consultation on the design  of a leverage ratio framework for the UK. This forms part of the FPC’s review of  the role of the leverage ratio within the capital framework for banks, as  requested by the Chancellor of the Exchequer in November 2013. . .

http://www.bankofengland.co.uk/publications/Pages/news/2014/099.aspx

Banking giant Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages. . .

http://www.bbc.co.uk/news/business-28292114#

Bruised by David Cameron’s defeat over the leadership of the European Union’s executive arm, the U.K. faces its next clash with the EU tomorrow. It touches a sensitive point — the City of London. . .

http://www.bloomberg.com/news/2014-07-07/u-k-to-fight-for-city-of-london-in-court-clash-with-ecb.html

Commerzbank AG Germany’s second-largest lender, will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge of the matter said. . .

http://www.bloomberg.com/news/2014-07-08/commerzbank-said-next-to-face-penalties-in-u-s-probe.html

Europe’s lenders are running out of time to get their books in order before the European Central Bank passes judgment on them. . .

http://www.bloomberg.com/news/2014-07-07/ecb-summons-bankers-for-catch-up-as-stress-test-looms.html