Banks Sector News

Latest News

  • L&G moots new mortgage 'marketplace' matching investors with homebuyers

  • Former Barclays trader fined $1.2 million by Fed Reuters - UK Focus - 10 hours ago

    The Federal Reserve Board said on Monday that it had fined a former Barclays Plc foreign exchange trader $1.2 million for manipulating trades. The former trader, Christopher Ashton, allegedly used chat ...

  • Fears of a renewed glut offset news that oil and gas operators in the U.S. Gulf of Mexico have shut production equal to 168,334 barrels per day of oil and 190 million cubic feet per day of natural gas as a precaution against a tropical storm. The closures represent 11.5 percent of oil output and 5.5 percent of gas production. …

  • Individual lenders hold the key to solving housing crisis, says Legal & General

  • U.S. stock markets and the dollar climbed on Monday while European share markets fell, following comments by top Federal Reserve officials that bolstered expectations for an interest rate hike by the U.S. ...

  • A senior HSBC Holdings Plc (HKSE: 0005.HK - news) executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time …

  • A senior HSBC Holdings Plc (HKSE: 0005.HK - news) executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time …

  • Monday's report from the Commerce Department came several days after Fed Chair Janet Yellen said the case for raising rates had strengthened in recent months. "This report is a mixed bag for the Fed. While the consumer sector is continuing to advance solidly, progress towards the Fed's inflation mandate has stalled," said …

  • U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this ...

  • MOVES-HSBC's Kim replaces Lam as head of AsiaPac HY Reuters - UK Focus - Mon, Aug 29, 2016 04:13 BST

    By Frances Yoon HONG KONG, Aug 29 - Daniel Kim has been appointed HSBC's head of high-yield capital markets and CMB debt origination for Asia Pacific, succeeding Wallace Lam, who will move on to a senior ...

  • Coutts current account fee to increase £300 as private banks follow bigger rivals in axing perks

  • Oil steady in volatile session, down 2 pct for the week Reuters - UK Focus - Fri, Aug 26, 2016 20:06 BST

    Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. The market was taking its cues from the movement in the dollar, which has been choppy following Yellen's remarks. Prices gathered support briefly …

  • MOVES-High-yield head Jeff Bennett leaves HSBC Reuters - UK Focus - Fri, Aug 26, 2016 16:45 BST

    By Robert Smith LONDON, Aug 26 - Jeff Bennett has left his role as HSBC's head of high-yield capital markets EMEA, according to sources with knowledge of the matter. Bennett departed the bank several weeks ...

  • Form 8.3 - POUNDLAND GROUP PLC Business Wire - Fri, Aug 26, 2016 14:37 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Form 8.3 - J SAINSBURY PLC Business Wire - Fri, Aug 26, 2016 14:37 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Form 8.3 - HOME RETAIL GROUP PLC Business Wire - Fri, Aug 26, 2016 14:36 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Bumper US$2bn payday for advisers on SABMiller deal Reuters - UK Focus - Fri, Aug 26, 2016 13:10 BST

    By Steve Slater LONDON, Aug 26 - Brewers Anheuser-Busch InBev and SABMiller will pay almost US$2bn in fees to banks, lawyers, PR firms and others advisers to complete the largest ever consumer products ...

  • FOREX-All quiet before Yellen: dollar dips as Fed speech approaches Reuters - UK Focus - Fri, Aug 26, 2016 12:22 BST

    Janet Yellen's keynote address at a global gathering of central bankers in the U.S. mountain resort of Jackson Hole is due at 1400 GMT. Many analysts expect, though, that if she speaks about monetary policy she will take a more equivocal line - that it is data-dependent and a rate hike this year is just a possibility. …

  • Form 8 (DD) - Anheuser Business Wire - Fri, Aug 26, 2016 11:48 BST

    LONDON--(BUSINESSWIRE)-- FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS) Rules 8.1, 8.2 ...

  • Form 8.5 (EPT/NON-RI) - SABMILLER PLC Business Wire - Fri, Aug 26, 2016 11:38 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI) - PREMIER FARNELL PLC Business Wire - Fri, Aug 26, 2016 11:37 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI) - ANHEUSER-BUSCH INBEV SA/NV - BCSL Business Wire - Fri, Aug 26, 2016 11:23 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI) - ANHEUSER-BUSCH INBEV SA/NV - BCI Business Wire - Fri, Aug 26, 2016 11:23 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI) - ARM HOLDINGS PLC - BCSL Business Wire - Fri, Aug 26, 2016 11:23 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Form 8.5 (EPT/NON-RI) - ARM HOLDINGS PLC Business Wire - Fri, Aug 26, 2016 11:22 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • FORM 8.5 (EPT/NON-RI) - LONDON STOCK EXCHANGE GROUP Business Wire - Fri, Aug 26, 2016 11:21 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • FORM 8.5 (EPT/NON-RI) - DEUTSCHE BOERSE AG Business Wire - Fri, Aug 26, 2016 11:21 BST

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Why I would sell Lloyds Banking Group plc to buy Diageo plc Fool.co.uk - Fri, Aug 26, 2016 10:36 BST

    In this Fool's opinion, Diageo plc (LON: DGE) is a better investment than Lloyds Banking Group plc (LON: LLOY). Here's why.

  • FOREX-Dollar dips in quiet market as Yellen dominates Reuters - UK Focus - Fri, Aug 26, 2016 09:09 BST

    The dollar inched down on Friday to leave it little changed on the week, with investors focused on a speech later the day by the chair of the Federal Reserve that may provide clarity on whether U.S. interest ...

  • UK Tourism Boosted By Weak Pound After Brexit Sky News - Fri, Aug 26, 2016 08:51 BST
    UK Tourism Boosted By Weak Pound After Brexit

    The UK tourism industry has been enjoying an increase in people holidaying at home, as the Government unveils plans to make the UK the destination of the moment. According to Barclays (LSE: BARC.L - news) ' research, 70% of UK adults have been on or are planning a 'staycation', with the seaside the most popular destination …

  • Oil prices rose 1 percent on Thursday on U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair. The market, however, gave back some gains after an interview by Saudi Arabia's energy minister with Reuters raised fresh doubts about …

  • Regulators to dig deeper into worries over money-laundering checks Reuters - UK Focus - Thu, Aug 25, 2016 19:01 BST

    Global regulators will try to get more insight into why major banks are withdrawing from handling cross-border payments, making it harder for people to send money to relatives and loved-ones abroad. Banks say it has become more costly to comply with tougher customer checks against money-laundering and terrorist financing, …

  • Britain's FTSE retreats as pharma stocks fall Reuters - UK Focus - Thu, Aug 25, 2016 16:44 BST

    UK shares fell on Thursday, extending losses from the previous session as healthcare stocks dropped, though CRH rose after well-received results. The blue-chip FTSE 100 index was down 0.3 percent at 6,816.90 ...

  • Upbeat U.S. factory data suggests business spending stabilizing Reuters - UK Focus - Thu, Aug 25, 2016 16:42 BST

    The economic outlook also was boosted by another report on Thursday showing an unexpected drop in the number of Americans filing for unemployment benefits last week, indicating sustained labor market strength. Together, the data support the view that the Federal Reserve will raise interest rates in December.

  • Sterling edges down from three-week high, GDP data eyed Reuters - UK Focus - Thu, Aug 25, 2016 15:56 BST

    Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data. Sterling rose 1.2 percent last week after July inflation and retail sales numbers …

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