Reuters: Regulatory News: PRESS DIGEST - Financial Times - June 20

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

PRESS DIGEST - Financial Times - June 20 Jun 19th 2013, 22:58 June 19 | Wed Jun 19, 2013 6:58pm EDT June 19 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Osborne looks at 'bad bank' for RBS toxic loans () UK regulator identifies 26 bln stg bank capital deficits () Bernanke sees 2014 end for QE3 () UK authority extends scrutiny of hedge funds () BT chief Livingston to be trade minister () Dolce and Gabbana get suspended sentence for 1 bln euro tax evasion () Overview UK's chancellor of the exchequer George Osborne proposed transferring Royal Bank of Scotland's weak assets into a "bad bank" as part of the government's plan to reduce state involvement in the British banking sector. Britain's financial regulator, the Prudential Regulation Authority, will on Thursday say capital holes at Royal Bank of Scotland, Lloyds Banking Group and Barclays account for more than 90 percent of a 25 billion-pound ($39 billion) shortfall it has identified at the country's top eight banks, according to people familiar with the exercise. Ben Bernanke Federal Reserve Chairman said the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. The Financial Conduct Authority is vetting senior appointments at hedge funds and extending its scrutiny to the activities of U.S. funds operating in the United Kingdom as part of its increasing scrutiny of the hedge fund industry BT Group Chief Executive Ian Livingston, the person credited with turning around the British telecom company, said on Wednesday he was stepping down to replace Lord Green as trade minister. Italian fashion designers Domenico Dolce and Stefano Gabbana were handed a suspended prison sentence of a year and eight months and fined 500,000 euros on Wednesday by a court in Milan for evading hundreds of millions of euros from the Italian tax authorities. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions