Company News



Draghi hails ‘great progress’ after banking union deal

Published on: Monday, March 31, 2014 by Paul Stanbridge

European Central Bank (ECB) President Mario Draghi hailed the “great progress” made “for a better banking union” on Thursday, after the European Union agreed to complete the region’s banking union. . .

http://www.cnbc.com/id/101510009



Banks hoarding cash ahead of ECB stress tests

Published on: Monday, March 31, 2014 by Paul Stanbridge

Banks hoarding cash ahead of the ECB’s new “stress tests” are holding back vital funding from euro zone businesses, according to consultancy EY. . . .

http://hereisthecity.com/en-gb/2014/03/31/banks-hoarding-cash-ahead-of-ecb-stress-tests/



ECB: Working Paper Series NO 1659 / March 2014.

Published on: Monday, March 31, 2014 by Paul Stanbridge

Wishful Thinking or Effective Threat? Tightening Bank Resolution Regimes and Bank Risk-Taking

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1659.pdf



Wal-Mart sues Visa for fixing price of credit card fees

Published on: Monday, March 31, 2014 by Paul Stanbridge

Giant US retailer Wal-Mart has sued credit card firm Visa for $5bn (£3bn),  alleging that Visa worked with large banks to fix the price of transaction fees  it charged to Wal-Mart. . . .

http://www.bbc.co.uk/news/business-26780821#



Savers locked into ‘rip-off’ pensions and investments may be free to exit, regulators will say

Published on: Monday, March 31, 2014 by Paul Stanbridge

Savers locked into rip-off pensions and investments could be given a free exit   or moved to better deals, regulators will say next week.

The City watchdog is planning an inquiry into 30 million policies sold by   insurance companies from the Seventies to the turn of the Millennium, The   Telegraph can disclose. . .

http://www.telegraph.co.uk/finance/personalfinance/pensions/10728440/Savers-locked-into-rip-off-pensions-and-investments-may-be-free-to-exit-regulators-will-say.html#disqus_thread