whatsapp Tags: NULL KCS-content Share New York budget crisis Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Wednesday 5 January 2011 9:20 pm More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Democratic governor Andrew Cuomo declared the state of New York in crisis yesterday, proposing solutions championed by Republicans to control the budget deficit, overhaul Medicaid and reform a dysfunctional government. On his fifth day in office, Cuomo pledged not to increase taxes or rely on borrowing to close a $10bn budget deficit.
whatsapp Share Sunday 3 April 2011 11:46 pm Banks reject claims over competition Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULL whatsapp Show Comments ▼ SANTANDER UK has rejected a suggestion by MPs that its purchase of 318 RBS branches last year was a “missed opportunity” to improve the competitiveness of high street banking in Britain.“’The deal to buy the RBS branches was approved by the EU. Santander is a challenger bank in the UK, not an incumbent,” a spokesman for the bank told City A.M., objecting to the committee’s decision to group Santander UK with Britain’s biggest retail banks – Barclays, Lloyds, HSBC and RBS.The bank was reacting to a report published at the weekend by the influential Treasury Select Committee, chaired by Tory Andrew Tyrie, which said that Santander “was already a leading player” in UK banking and that the government let its desire for a good return from the RBS sale trump its effect on competitiveness. Santander is keen to stress its “challenger” status, adding that it is “providing a competitive alternative to the UK’s incumbent banks”, rather than contributing to concentration in the market.Other large banks also dismissed the committee’s view. HSBC said: “The UK retail market is very competitive at the moment – it’s probably the most competitive in Europe.”The Treasury Committee report said that some banks’ “too big to fail” status gives them an unfair advantage that contributes to an “oligopoly”, with “high barriers to exit”, or bankruptcy. It added that banks are not clear enough about current account fees and horde information such as access to the payments system.Despite concern about concentration, however, the committee said the Lloyds-HBOS merger should not be reversed for fear of damaging government “credibility”.