Law and business: commercial news round-up 20.06.14
updated on 20 June 2014
If the pain of last night’s game is too much to bear, take your mind off it with this week’s collection of interesting business news. If you care not a fig for football, then you’ll be looking for something entirely unrelated - well, we tick that box too! Read on:
- There is a shadow banking system in China - the FT explores what these "non-bank" institutions, which perform many of same functions as traditional banks, do.
- ‘Ey up, Yorkshire Building Society has been fined £1.4 million for misleading marketing.
- Chinese premier’s visit results in £14 billion investment in UK, including an £11.8 billion deal with BP for liquefied natural gas.
- Legal costs at the Bank of England have almost doubled in the past year - why?
- Are things cooling down for summer? Both construction and retail sectors report slowing growth.
- Lloyds floats 35% of TSB on the stock market; analysts suggest that TSB may end up buying the Co-op Bank, positioning itself among the "ethical and simple" banks.
Be sure to check the LC.N Says section every Friday afternoon for this weekly commercial news round-up, produced by LawCareers.Net editor Isla Grant.
Follow @LawCareersNetUK and @CityLawLIVE on Twitter for instant business news updates.
