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...Three years ago, the outlook seemed grim for the UK’s financial mutuals and co-operatives — organisations owned by their customers....
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...Paul Flowers, a former chair of the Co-operative Bank, faces a charge of fraud by abuse of power, one of the few examples of a criminal charge against a senior banker in the UK....
...The Basel Endgame proposals are likely to be a key topic at Congressional hearings in Washington next week, where the chief executives of the largest US banks are due to speak....
...Dennis M Kelleher Co-founder, President and Chief Executive, Better Markets, Washington, DC, US...
...and steering it back towards some form of mutual or co-operative ownership.”...
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...“It is hard to say it is not a good idea given the track record,” added Matt Bennett, a co-founder of Third Way, the centrist Democratic think-tank....
...It said the bank’s failings had “materially undermined the firm’s readiness for resolution” and that HSBC had “failed to be duly open and co-operative with the PRA in not alerting the PRA over an approximately...
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...Undoubtedly, and using a clever distinction I heard years ago from my former Pimco colleague Andrew Balls, last week’s central bank outcomes were correlated rather than co-ordinated....
...Other speakers include ECB executive board members Philip Lane and Isabel Schnabel, and Bank of Spain governor Pablo Hernández de Cos Results: BioNTech Q4, Computacenter FY, General Mills Q3, Investec pre-close...
...Sainsbury’s announcement follows reports that rival lender Tesco Bank is looking for a buyer, while the Co-operative Bank last month entered exclusive talks to merge with the Coventry Building Society....
...We then head across the Atlantic, where former Co-Operative Bank chair Paul Flowers is due in court in Manchester to face fraud charges....
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