U.K. Chancellor of the Exchequer George Osborne said the nation is in “active” discussions with China to establish a yuan-clearing bank in London and this should be done in “fairly short order.” . . .

http://www.bloomberg.com/news/2014-02-23/osborne-says-london-yuan-clearing-bank-to-be-set-up-shortly.html

Bank of England Governor Mark Carney said a new phase of forward guidance is intended to give assurance that officials will support the economic rebound. . .

http://www.bloomberg.com/news/2014-02-23/carney-says-bank-of-england-won-t-take-risks-with-u-k-recovery.html

A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders. . .

http://www.bloomberg.com/news/2014-02-18/fx-traders-facing-extinction-as-computers-replace-humans.html

Britain’s biggest bank, HSBC, is expected to reignite the debate over the European Union bonus cap by revealing that its top bankers – including chief executive Stuart Gulliver – are to be awarded share payouts to compensate them for any potential reduction in income caused by the EU’s new rules. . .

http://www.theguardian.com/business/2014/feb/23/hsbc-payouts-bonus-cap-row

Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week. . .

http://www.bloomberg.com/news/2014-02-20/rbs-to-retreat-from-investment-banking-with-30-000-cuts-ft-says.html