Banks call for Govt rethink on radical reforms - papers

The implication is that such damage would also restrain the banks' ability to lend and sustain investment, the mortgage market and economic recovery. Some in the industry have recently talked of a "mortgage famine", writes the Independent. The accountancy and consultancy firm KPMG says regulatory pressures are building on banks across the world and that, if there is no change to their business models, new measures affecting bank liquidity will result in a "systemic reduction" in profitability. Read more London's status as top financial centre 'secure' London's position a...