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Europe Breaking News: European Regulator Preparing Database on Bankers

Wochit 0:58 mins

The European Union will soon begin sharing information on how bankers fare in 'fitness and probity' tests in member states, making it harder for errant bankers to evade regulatory scrutiny by crossing national borders. Former Standard Chartered chief executive Mervyn Davies is forming a consortium of sovereign wealth funds and financial institutions to buy as much as half of Britain's 20 billion pound ($29.77 billion) stake in Lloyds Banking Group , Sky News reported. Davies approached Britain's Treasury several months ago about his plan to buy as much as half of the British taxpayer's 39 percent share in Lloyds, Sky said on Saturday citing insiders. U.S. World number one Novak Djokovic has slipped up with his footwear at Wimbledon, being told to get rid of the pimples on the side of his shoes days before he faces Briton Andy Murray in the final on Sunday. Djokovic was the second of the top four male players to fall foul of footwear rules at Wimbledon after seven-times champion Roger Federer was told to change his orange-soled shoes.

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