IBT Staff Reporter

16231-16260 (out of 154954)

UK Retail Bank Capital Rules Could 'Ossify' Sector, Says Review

Rules forcing Britain's banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could "ossify" the sector in the longer term if left unchanged, an independent review for the finance ministry said on Tuesday.

Eyeing Ukraine, Neutral Switzerland Mulls Defence Boost

The heads of the U.S. and Swiss air forces stressed the need for Western countries to strengthen security cooperation at an event on Tuesday that highlighted neutral Switzerland's increasingly assertive role in world affairs.

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