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Osborne to announce wide bank review - source
Jul 2nd, 2012
LONDON (Reuters) - Finance minister George Osborne will on Monday announce a broader-than-expected review into the banking industry, looking at culture and standards in the sector as well as the causes of the recent Libor rate-fixing scandal, a source familiar with the situation said on Monday. The source said the investigation would be "wider than a narrow review into Libor and criminal sanctions ... (and) will encompass culture and sanctions." Osborne is due to give a statement to parliament at 1530 GMT. (Reporting by Matt Falloon) (Source: Reuters) -
LONDON (Reuters) - British chancellor George Osborne said seven government departments have agreed to spending cuts of up to 10 percent as part of a spending review, the next big challenge as he tries to shrink the national budget deficit. Osborne said Britain's justice, energy and communities departments were among those facing "signific... [Full Article]
MOSCOW (AP) - Vladimir Putin pulled off one of his most audacious pieces of stagecraft, attending a ballet with his rarely seen wife, then emerging smiling and announcing their marriage is over. (Source: Associated Press)... [Full Article]
PARIS (AP) - The Paris Air Show, which opens for business on Monday Jun. 17, brings hundreds of aircraft to the skies around the French capital, the usual tense competition between aircraft manufacturers Boeing and Airbus, and a slew of innovations large and small. Here's what to look for over the show: (Source: Associated Press)... [Full Article]
By Huw Jones LONDON (Reuters) - Regulators decide this week how banks should set a limit to the risk they take onto their balance sheets, with investors likely to pressure lenders to comply before formal implementation in 2018. Banks will be forced to hold more capital and cash as part of the world's main regulatory response to the financial c... [Full Article]
By Jethro Nededog LOS ANGELES (TheWrap.com) - While looking forward to the June 28 release of "The Heat," her new comedy with Sandra Bullock, Melissa McCarthy is also looking back at a controversy that caused its own heat back in February. "Really? Why would someone OK that?" McCarthy told the New York Times of her first reactio... [Full Article]
BRUSSELS (Reuters) - European Union antitrust regulators will give unconditional approval to IntercontinentalExchange's (ICE) $8.2 billion offer for NYSE Euronext , two people familiar with the matter said on Monday. "The deal is expected to be approved without any conditions," said one of the people, who declined to be identified be... [Full Article]
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