MARKET REPORT: FTSE 100 continues its winning streak on hopes that Trump will loosen rules on central bank



Banks kicked off the first trading session of the year with a bang, pushing the FTSE 100 up to a record high.
The financial sector breathed a sigh of relief after a meeting to finalise reforms for the industry was called off.
Central banks were set to meet this weekend to sign off new rules about how much capital a lender must hold in reserve.
Many finance firms have dreaded the ruling, which some say could penalise the sector by forcing institutions to hold larger capital buffers at a time when they are already struggling with record-low interest rates and low profitability.
But a delay... read more

 
4 January 2017 in Business, Views: 60
Source: Daily Mail
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