Standard Chartered yesterday broke ranks with its banking rivals by publishing a withering broadside against the Independent Commission on Banking's proposals for reform.
In its submission to the ICB the bank argued that the commission’s proposals increased the chances of banks failing, left the taxpayer at greater risk from the financial sector and would weigh heavily on the economy.
European politicians have cast doubt on a proposal that would protect bailed-out countries from debt downgrades by credit ratings agencies. MORE..
The US Federal Reserve risks a split over what to do if the US economy fails to regain momentum, minutes of its last meeting suggest. MORE…
