UK 'blocking tough finance rules'

German Finance Minister Peer Steinbrueck has accused the UK of blocking tougher financial rules ahead of the G20 summit.

"There clearly is a lobby in London that wants to defend its competitive advantage tooth and claw," Mr Steinbrueck told Stern magazine.

Germany and France have led calls for more restrictions on banks, which have been resisted by the US and UK.

Read more here.

financialnewsroundup.blogspot.com