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Swedish banks serve as shining example for European banking sector

The European banking system received a proverbial wake-up call, amidst pressure to converge in a race towards more tightened and fortified banking structures, following the recent report that Swedish regulators told their banks to target minimum capital buffers equivalent to 12% of their risk-weighted assets.
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Forex: GBP/USD plunges over 100 pips on BoE

The GBP/USD has collapsed during European trading Wednesday, as the BoE has caused the pair to fold like origami, dropping over 100 pips in recent minutes off of the 1.5655 mark. At the time of writing the pair is in escape velocity, trading at 1.5548/51.
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