Receiving Wide Coverage ...
Big step: The Bank of England said Tuesday that it was relaxing capital requirements on the country's biggest banks in an effort to spur £150 billion ($199 billion) in lending. The decision, which came as part of the central bank's financial stability report, follows Britain's shocking vote last month to leave the European Union. "It's important to ensure that there is no question about the availability of credit. It is the one thing we want to take off the table," said BOE Governor Mark Carney. The central bank is reducing banks' countercyclical buffer to zero. The effort represents one of the first by a central bank to ease standards in an effort to mitigate a potential economic slowdown.
All #Brexit, all the time: Grim news continues to reverberate throughout the rest of the financial system in the wake of the Brexit vote. Three real-estate funds – run by Standard Life, Aviva Investors and M&G Investments – have
Wall Street Journal
Getting tough: The European Commission has proposed extending rules on
New York Times
Eyes wide open: Experts debate the safety of banks' use of
Can't hide: French tax authorities have ordered UBS to
More to come: The Securities and Exchange Commission has successfully defended its use of in-house judges in several recent cases. Still, "the victories are a bit like