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  • Lend More or Be Taxed, UK Banks Told Friday, 20 May 2011 | 8:48 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    The UK’s business secretary Vince Cable has warned Britain’s banks they could face new taxes if they fail to meet lending targets for small businesses under the government Project Merlin agreement.

  • Why Do Leaders Get Caught Up in Sex Scandals? Friday, 20 May 2011 | 3:25 AM ET
    Dominique Strauss-Kahn in court.

    The link between illicit sex, money and power goes back as far as David and Bathsheba. This week has added several new names to the list of scandals at the top of the business world.

  • City Professionals Want to Change Employers: Survey Friday, 20 May 2011 | 2:55 AM ET
    Trader at London Stock Exchange, England.

    Professionals working in the City of London mull changing employers this year, with more than half saying they definitely intend to find a new employer this year, according to a recent survey, while another survey showed finance professionals among the top earners.

  • Britain's Inflation Nightmare Becomes Worse Friday, 20 May 2011 | 1:23 AM ET

    If the monetary policy committee of the Bank of England were paid a performance bonus, its members would deserve nothing. The UK’s inflation outcome has been far from target over a long period. So should the MPC raise rates now to make up for its past failures? No. But its position is becoming very uncomfortable, according to the FT.

  • RBS Banker Superinjuncted Affair, Says Lord Thursday, 19 May 2011 | 8:26 AM ET

    Sir Fred Goodwin, the former chief executive of the Royal Bank of Scotland (RBS), took out a super-injunction to stop newspapers publishing details of an affair with a colleague at RBS, a UK peer said in the House of Lords today.

  • A Favorite Emerges for Helm of IMF Thursday, 19 May 2011 | 7:01 AM ET
    French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.

  • Will the UK See a Summer of Discontent? Thursday, 19 May 2011 | 12:25 AM ET
    Angry demonstrators clashed with police in a student protest outside parliament as the coalition government faced its biggest test yet in a vote on proposals to triple university tuition fees.

    The shadow of the Winter of Discontent is looming over the UK again. Increasing unemployment, belt-tightening in the public sector, and a harder line from unions are ringing alarm bells for businesses.

  • UK Banks Face Dividend and Bonus Crackdown Wednesday, 18 May 2011 | 11:54 PM ET
    Tower Bridge and City of London financial district

    The FT reports future bonus and dividend payments by UK banks will depend upon convincing regulators the handouts will not dent capital reserves or undermine sound risk management, according to the head of the city watchdog.

  • How High Will Britain's Inflation Go? Wednesday, 18 May 2011 | 12:56 AM ET
    Governor of the Bank of England Mervyn King

    UK inflation hit a two and a half-year high Tuesday and experts are saying it is only a matter of time before it goes even higher.

  • The Euro Zone After Strauss Kahn Wednesday, 18 May 2011 | 12:17 AM ET
    IMF head Dominique Strauss-Kahn

    The sight of Dominique Strauss-Kahn, managing director of the International Monetary Fund and prospective candidate for the French presidency, doing the "perp walk" was stupefying. If the charges are true, this capable man is a lunatic. But, unless the case collapses, the event will cast a long shadow, according to the FT.

  • Good Luck Mr. Lipsky, You Will Need It: Economist Tuesday, 17 May 2011 | 4:11 AM ET
    IMF head Dominique Strauss-Kahn

    The gravitas that the IMF needs to hold when walking into a nation's finance ministry or central bank and demand sacrifice for the social good is diminished by the allegations regarding the personal conduct of its managing director, according to Carl Weinberg, the chief economist at Capital Economics.

  • DSK Scandal Boosts French Far Right Tuesday, 17 May 2011 | 3:18 AM ET
    Dominique Strauss-Kahn in court.

    Whatever the outcome of the accusations of rape made against Dominique Strauss Kahn at the weekend, Marine Le Pen leader of France’s Front National was almost certainly right when she said that it marks the end of his campaign — or pre campaign — for the French Presidency.

  • Queen's First Visit to Ireland Clouded by Threats Tuesday, 17 May 2011 | 2:37 AM ET
    Big Ben

    The Queen visits Ireland Tuesday in what will be the first state visit there by a UK monarch since her Grandfather, George V, visited the then UK colony in 1911, but the event is clouded by threats from Irish dissidents.

  • UK May Give Lloyds, RBS Shares to Taxpayers Monday, 16 May 2011 | 7:45 AM ET
    The Royal Bank of Scotland Headquarters

    The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.

  • Governor of the Bank of England Mervyn King

    Rates can only go up when we believe the consumer can deal with them and that means when some of the pressures have started to ease.

  • BP May Buy Out Russian Partner for $30 Billion: Report Monday, 16 May 2011 | 12:39 AM ET
    BP sign

    BP  is back in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30 billion or more, the Wall Street Journal reported on Sunday.

  • Will Another Lehman-Style Crisis Be Prevented? Monday, 16 May 2011 | 12:32 AM ET

    Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.

  • The managing director of the IMF, Dominique Strauss-Kahn, was taken off an Air France plane in New York on Saturday and arrested in the sexual attack of a maid at a Midtown Manhattan hotel, the authorities told the NY Times.

  • Big Banks Take Hit on Capital Surcharge Friday, 13 May 2011 | 8:01 AM ET
    New York City Skyline

    The world's biggest banks are likely to be hit by capital surcharges that increase progressively based on a lender's size, how connected it is to other banks and how easily it could be replaced in a crisis, global regulators have told the Financial Times.

  • UK an Example on Austerity? No, That's Estonia Thursday, 12 May 2011 | 6:33 AM ET

    UK Chancellor George Osborne told CNBC on Tuesday that Britain is an example to countries like Greece on austerity.