But he said the chancellor’s decision to also increase the banking levy – to 0.105 per cent of the value of banks’ global balance sheets from 2013, up from a charge of 0.088 per cent – could result in banks paying more tax rather t
Prior to joining the Bank of China, Komasa worked for the Polish Information and Foreign Investment Agency (PAIiIZ), encouraging links between the two countries.
"The faster the government starts selling its stake, the better for everyone," RBS CEO Stephen Hester told Reuters on Thursday.
Joining a growing chorus of criticism, one of Europe's largest asset managers lashed out at Goldman Sachs Group Inc for not communicating quickly enough with clients after ex-banker Greg Smith publicly condemned the way the bank treats clients.
Meanwhile, Tefvik Bilgin, head of Turkey’s banking regulator BDDK, said late on March 8 that he was liverish by the delays in the sell-off procedures of lenders, calling for Dexia to finalize tle sale of Denizbank.
The so-called shadow banking industry refers to the arena in which specialist investment firms, including private equity houses and hedge funds, facilitate the creation of credit to the traditional banking sector on a lightly regulated scale.
BBVA will also be shielded from most losses on Unnim’s real estate holdings, a spokesman for the Bilbao, Spain-based bank said in a telephone interview.
By CEBR's calculations, Brazil's GDP totalled $2.469 trillion (£1.568 trillion) in 2011, while UK GDP was $2.420 trillion.
RBS, which is 82-per cent owned by the government, has slashed about 34,000 jobs since it was bailed out by the state in 2008.
London First’s chief executive, Baroness Jo Valentine, said: “We expect the incoming Mayor to support measures that not only bring jobs and prosperity, but ensure that London is truly open for business.”
Burdened by their exposure to Greek government debt and other damaged assets, Royal Bank of Scotland, Crédit Agricole in France and Dexia, a French-Belgian bank, all reported quarterly losses.