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...The Bank of England’s Prudential Regulation Authority, which supervises banks, contacted a number of big UK lenders to see if they had any interest in Metro, said people with knowledge of the situation....
...Metro Bank — the high street lender once feted as the darling of Britain’s challenger banks — his diary had been filled with regular catch-ups with officials at the Financial Conduct Authority and BoE’s Prudential...
...By 2015 it had enlisted the highly regarded former Prudential chief Tidjane Thiam as CEO to help shake up the bank, repositioning it from investment banking under his predecessor, Brady Dougan, to its roots...
...He added the strength of the UK’s prudential regulations had allowed HSBC to buy Silicon Valley Bank’s UK operations swiftly when the parent company ran into trouble in March....
...After graduation, he turned down several City jobs before joining the Prudential as an economist in 1957. From there, he moved to the Financial Times and was soon appointed to the Lex column....
...It has recently won audit tenders by FTSE 100 insurers Aviva and Prudential....
...Metro, PJT, the Financial Conduct Authority and Prudential Regulation Authority all declined to comment on the bondholders’ proposal....
...Regulatory approvals for Metro’s financing deal include a detailed change of control assessment by the BoE’s Prudential Regulation Authority....
...The Prudential Regulation Authority, the lead regulator responsible for overseeing the bank’s financial strength, declined to comment....
...Things I enjoyed this week Laura Noonan and Owen Walker wrote an engaging FT Magazine piece on UBS chair Colm Kelleher....
...The bank had asked Switzerland’s Finma, the US Federal Reserve and the UK’s Prudential Regulation Authority to publish their findings and announce any penalties jointly at the end of July, said four people...
...UBS said it had spent $70mn on advisory fees related to the deal, while Ermotti confirmed the takeover had received clearance from Swiss authorities, the US Federal Reserve and the UK’s Prudential Regulation...
...The full report by the Financial Conduct Authority and Prudential Regulation Authority has not yet been published....
...“Despite regular messaging from the PRA (Prudential Regulation Authority) on the subject, these events demonstrated that firms continue to unintentionally accrue large and concentrated exposures to single...
...Executives from the Prudential Regulation Authority, the BoE arm that regulates banks, wrote to lenders on Tuesday setting out the UK watchdog’s priorities for the year ahead....
...The Prudential Regulation Authority, the Bank of England arm that regulates lenders, declined to comment....
...An hour later, the sale proceeded after a call between Griffith, BoE deputy governor Dave Ramsden, and Prudential Regulation Authority head Sam Woods....
...Additional reporting by Rob Smith and Owen Walker...
...The High Court heard VTB Capital had discussed its application with financial regulators including the Prudential Regulation Authority, the Financial Conduct Authority and the Bank of England, which had...
...The UK’s Prudential Regulation Authority has fined Standard Chartered a record £46.5m for repeatedly reporting a key liquidity metric incorrectly and not being “open and co-operative” with one of Britain...
...In a statement on Monday, the bank said it was made aware of the results of the probe by the Financial Conduct Authority and Prudential Regulation Authority on Friday....
...The Federal Reserve and the UK’s Prudential Regulation Authority are assessing whether to introduce more stringent oversight....
...Others, such as bitcoin, would face a new “conservative” prudential regime, it recommended....
...The FPC — whose members include BoE governor Andrew Bailey and Sam Woods, chief executive of the Prudential Regulation Authority — said that banks had supported UK households and businesses throughout the...
...The Bank of England’s Prudential Regulation Authority on Thursday said its latest test of banks’ capital positions had found they were resilient to “a wide range of economic outcomes, including economic...
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