UK banking sector escapes overhaul, shares rise

Blue-chip UK banks rallied today after the sector escaped a radical overhaul in a key government-commissioned report.

UK banking sector escapes overhaul, shares rise
Mon, 11 Apr, 2011 - 17:11

Blue-chip UK banks rallied today after the sector escaped a radical overhaul in a key government-commissioned report.

A positive start to trading on Wall Street added to investor optimism after the Independent Commission on Banking (ICB) proposed better-than-feared changes to improve stability and competition.

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CourtsBusinessHeathrowPlace: UKPlace: AmericaPlace: LondonPlace: JapanPlace: AustraliaPlace: Salford QuaysPerson: Antonio Horta-OsorioOrganisation: Blue-chipOrganisation: Wall StreetOrganisation: Independent Commission on BankingOrganisation: ICBOrganisation: BarclaysOrganisation: Lloyds Banking GroupOrganisation: Royal Bank of ScotlandOrganisation: European CommissionOrganisation: GKNOrganisation: Evo SecuritiesOrganisation: BHP BillionOrganisation: Credit SuisseOrganisation: Woodside PetroleumOrganisation: Pinewood SheppertonOrganisation: Peel HoldingsOrganisation: MediaCityUKOrganisation: PeelOrganisation: PinewoodOrganisation: Crystal AmberOrganisation: Crystal
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