UK banks tell nine trade groups they should merge

Banks told nine trade associations in Britain on Friday they should merge into a single body to strengthen lobbying in Europe and slash membership costs. A working group of banks that includes HSBC, Barclays (LSE: BARC.L - news) and Lloyds said in a consultation paper there are too many trade groups, leading to duplication of lobbying and a lack of strategic direction. Most financial rules in ...



from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/154WdZm

via IFTTT