Hints and tips:
...Brian Hilliard, chief UK economist, Société Générale It should reach a peak of 3% by the end of 2017....
...John Vickers, warden, All Souls College, Oxford More pessimistic than 12 months ago (I note the question is premised on Brexit.)...
...Brian Hilliard, chief UK economist, Société Générale No....
...Brian Hilliard, chief UK economist, Société Générale The headroom, as calculated by the OBR is only 1.2% of GDP....
...Brian Hilliard, chief UK economist, Société Générale We expect growth to fall to 1.4%. The economy has proved amazingly resilient to the Brexit uncertainty shock....
...“So I do think that John Vickers, you and others [that is, the UK’s Independent Commission on Banking, chaired by Sir John Vickers] were on the right lines when you said it’s important for the stability...
...The island is also considering carefully the impact of Sir John Vickers’ UK banking reforms, which will ringfence banks’ retail businesses from their investment banking activities....
...“Our banking side has been working hard to expand the offering, going from just deposit-taking to things like select lending products and foreign exchange,” says Brian Conway, who runs Deutsche’s offshore...
...Its revisions were caused by the prospect of tighter regulation as a result of the Vickers report into banking, coupled with the eurozone debt crisis’s impact on market activity and confidence....
...Brian Hilliard, Societe Generale: I think a credit crunch is only part of the explanation....
...The EEF wants the chancellor to endorse the Vickers commission proposals for an enhanced sell-off of Lloyds Banking Group branches and improve the switching process for customers dissatisfied with their...
...But, as the UK’s Vickers commission pointed out in recommending the lesser step of “ringfencing” those divisions, “they would have distinct governance arrangements, and should have different cultures”....
...Some of Vickers’ reforms even evoke a return to the ethos of Captain Mainwaring’s bank in Dad’s Army....
...The survey was concluded a few days before the Vickers commission published its final report....
...Sir Brian Pearse, a Barclays finance director who became chief executive of Midland Bank, famously remarked: “They just didn’t have the balls to make him chairman and the whole bank resented it.”...
...Mr Barber will urge ministers to resist calls to water down the ringfencing of retail and investment banking expected in the Vickers report, but says reform must go further, “turning the banks from casinos...
...Adviser Brian Dennehy evoked 1940s sitcom Dad’s Army this week, suggesting “it was inevitable that banks would revert to a utility status, more like the banks of Captain Mainwaring’s time.”...
...The opening line of boss Brian Moynihan’s announcement on Wednesday said that the bank would now have three divisions....
...The consultancy said it did not expect City workers to fare badly over the medium term in spite of uncertainty over the future of tax and regulation as the City awaits the final recommendations of the Vickers...
...Jeffrey Vickers, photographer. Keith Wainwright, hairdresser. Peter Walker, former cricketer. Howard Webb, Premier League football referee....
...In a highly unusual move, the Takeover Panel publicly ordered banks and brokers to “cold-shoulder” Brian Myerson and two associates – Brian Padgett and Daniel Posen....
...She said the banking commission chaired by Sir John Vickers into a potential break-up of the banks should take evidence from round the world and avoid giving the impression that the UK is “taking a unilateral...
...Brian Hilliard, Société Générale: The productivity performance to me is misleadingly described....
...Rumours have been strong that in return for bonus moderation and financing the Big Society Bank, the government was prepared to go light on re-regulation, prejudicing the outcome of the Vickers Commission...
...Priscilla Snowball, chief executive, Abbott Mead Vickers advertising group. David Tanner, performance director, GB Rowing Team. Bradley Wiggins, Olympic cyclist....
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