Banking Sector
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Further decline in loans Renews caution

Further decline in loans Renews cautionLending to businesses experienced a fall yet again last month, this time the largest decline since July, and adding more watchfulness to hopes of a strong recovery. British Bankers’ Association (BBA) released figures that show net lending to non-financial companies fell by £2 billion in November following a drop of £342 million in October.

'Cheque imaging' using smartphones will enable Britons to pay cheques into their account

 'Cheque imaging' using smartphones will enable Britons to pay cheques into their account Plans to allow bank customers to pay cheques into their account by taking photos on their smartphones have been announced.

Customers will now be able to take photograph of the cheque and send it electronically rather than going to the bank in person.

APRA asks for higher cushions on big four banks

APRA asks for higher cushions on big four banksThe Australian Prudential Regulation Authority (APRA) enforces the tough rules. In its most recent attempts to ensure safer lending practices, it will demand the big four banks hold an additional 1% for the common equity tier one ratio by 2016.

NAB cautions on govt's review of financial services

NAB cautions on govt's review of financial services On Thursday, speaking at National Australia Bank's (ASX: NAB) annual general meeting in Melbourne Michael Chaney,  the bank's chairman, cautioned that economic conditions remain mixed and insisted  the government not to impose new regulations that could hinder the bank's ability to lend to customers.

Further sterling strength may hurt recovery warns Bank of England

Further sterling strength may hurt  recovery warns Bank of EnglandThe Bank of England said on Thursday, Britain's economic recovery may be at risk if sterling strengthens much further, in its first noteworthy hint of apprehension about the British currency's current rise.

National Audit Office argue Lloyds Bank sale profit claims, stating £230m loss

National Audit Office argue Lloyds Bank sale profit claims, stating £230m lossThe National Audit Office (NAO) has revealed that a sale by the government in September of a substantial slice of taxpayer-owned Lloyds Banking Group did not make a net profit as the government had earlier claimed and actually cost the taxpayer £230m.

Reserve Bank of Australia says local currency remains “Uncomfortably high”

Reserve Bank of Australia says local currency remains  “Uncomfortably high” Interest rates may still be cut again next year as the local currency remains "uncomfortably high" said Australia's central bank,  holding back a shift away from mining-dependent growth as a long resources boom is slow.

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