Britain will exceed a government target of getting 15 new banks into the market over the next five years to help to boost competition, the country's top financial markets regulator said on Tuesday. Prime Minister David Cameron's government, elected last month, set this target to challenge the so-called "Big Four" banks, HSBC, Barclays, Lloyds and Royal Bank of Scotland, which dominate the market for retail customer accounts.
NEW YORK (AP) — For FIFA's top sponsors, the resignation of Sepp Blatter is just the first step in restoring the reputation of soccer's governing body and regaining the fans' trust following a corruption scandal.
Sepp Blatter resigned Tuesday as president of FIFA in a stunning capitulation to critics as the weight of corruption scandals threatened world football's governing body. "I don't feel I have a mandate from the entire world of football," Blatter, 79, calmly told a press conference at FIFA headquarters just four days after winning a fifth term. Some opponents said the world should "celebrate" Blatter's departure.