Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
Tag: UK
Former UBS trader faces trial over $2.3 billion losses
A former UBS trader goes on trial in London this week in a case involving losses of $2.3 billion (1.4 billion pounds) that will subject the Swiss bank to an “uncomfortable” examination of its culture and practices. Investment banker Kweku Adoboli, who was arrested a year ago when the huge […]
