Sunday, 4 September 2011

David Cameron in push to dilute ICB ring-fence reforms

David Cameron wants to see a significant watering down of any proposals from the Independent Commission on Banking (ICB) to ring-fence the UK's retail banks.

UK banks face US lawsuit over toxic debt

Leading UK banks ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.