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Banking experts slam Vickers over capital buffers

Sir John Vickers

Banking experts have questioned Sir John Vickers’s claims that the Bank of England is not doing enough to shore up the British banking industry, saying more capital requirements for lenders would hurt the real economy.

BNP Paribas to take writedown

Eiffel Tower

BNP Paribas is writing down part of the goodwill related to its BNL unit, which will result in a reduction to fourth-quarter earnings of about $983m.

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Sir John Vickers

Banking experts slam Vickers over capital buffers

Banking experts have questioned Sir John Vickers’s claims that the Bank of England is not doing enough to shore up the British banking industry, saying more capital requirements for lenders would hurt the real economy.