Banking shares rose today after Britain’s biggest lenders were given until 2019 to meet new standards on financial health set by the Bank of England.


New dip in Bank of Ireland loan default cases

Bank of Ireland has said it has seen a further decline in loan default cases in the second half of this year, with customer deposits also increasing.


Ulster Bank still ‘a core element of RBS’

The uncertainty over Ulster Bank’s future has come to an end, with parent group Royal Bank of Scotland confirming that the subsidiary remains a core element of its overall business.


Mrs Brown boosts Xtravision/HMV profits

DVD sales and rentals of ‘Mrs Brown’s Boys D’Movie’ are largely driving profits at the newly combind Xtravision/HMV business this year, the company has said.


German retail sales suffer biggest fall in seven years

German retail sales posted their biggest monthly decline in more than seven years in September, a sign that consumers cannot be relied on to prop up Europe’s largest economy.


Cantor posts €8m debut Irish profit

The Irish arm of US investment banking giant Cantor Fitzgerald has posted an after-tax profit of just over €8m for 2013.


Eurozone inflation up 0.4% last month

Inflation in the eurozone edged up slightly in October, reinforcing the view that the ECB will hold fire on any additional policy action at its meeting next week.


In US vs China, size does matter

Larry Summers and Lant Pritchett have written a paper predicting a Chinese growth slowdown. In 2013, Barry Eichengreen, Donghyun Park, and Kwanho Shin wrote a paper with much the same message, which accurately predicted the recent Chinese slowdown from about 10% annual growth to about 7.5%.