British Bankers Association News
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U.K. Chancellor of the Exchequer George Osborne won’t bow to opposition calls to change economic plans after the decision by Moody’s Investors Service to strip the U.K. of its Aaa status.
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A Japanese program that will provide tax breaks to spur people to buy stocks may achieve the government’s targeted 25 trillion yen ($268 billion) in investments by 2020, a Fidelity Japan researcher said.
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A Sheldon H. Solow-led New York realty company sued Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp. and several other banks for allegedly conspiring to manipulate the U.S. dollar Libor rate.
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A multistate probe of alleged manipulation of interest rates threatens to leave banks liable for billions of dollars in estimated state and local losses from the scandal, even as they settle with national regulators.
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Goldman Sachs Group Inc. won’t delay distribution of U.K. bonuses to help minimize employees’ tax rates, a person with direct knowledge of the decision said.
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About 80 Occupy London protesters rallied outside the British Bankers Association’s headquarters, demanding a meeting with Chief Executive Officer Angela Knight.
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The Occupy London movement, which has encamped in the capital for six months, will stage a protest at the British Bankers Association’s headquarters next month.
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The pound strengthened against the dollar, set for its first weekly advance in a month, after a British Bankers Association report showed mortgage approvals rose to a nine-month high in October.
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The pound stayed little changed against the dollar after a British Bankers Association report showed U.K. mortgage approvals rose last month.
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U.K. mortgage approvals rose 9.6 percent in July from the previous month to 28,441, the British Bankers Association said in an e-mailed statement today. Approvals are down from 34,125 a year earlier.
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