UK bank liquidity rules phased in over years

Britain's financial watchdog said on Monday that banks will have several years to comply with tougher liquidity rules aimed at ensuring the sector can navigate sudden market storms without government help. "Phasing

World stocks flirt with gains, dollar weak

World stocks flirted with gains after two sessions of losses on Monday with Japan's Nikkei hitting an 11-week closing low but Europe climbing. The dollar was generally weaker and the Australian dollar

Goldman owed $1 billion if CIT fails

Goldman Sachs Group Inc (GS.N) would be due a payment of about $1 billion if troubled commercial lender CIT Group (CIT.N) were to file for Chapter 11 bankruptcy, according to a source