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  • AN INDEPENDENT Scotland would join Iceland as the only European governments which could not afford to support their banking systems, analysts at ratings agency Standard and Poor’s warned yesterday.If giant ...

  • Watchdog call for clawbacks City A.M. - 14 hours ago

    BRITAIN’S reporting watchdog wants all listed companies to claw back bonuses from top staff who fail to perform.Clawback rules, which have been adopted by the banks, would be extended to all FTSE firms ...

  • Eurozone deficits shrinking but public debt continues to mount

    PUBLIC deficits in the Eurozone fell to three per cent of GDP in 2013, hitting the level that individual member states must aim for under the bloc’s rules.Official figures released yesterday show that ...

  • Easing inflation keeps Carney in a dovish mood

    INFLATION expectations in the UK have dropped to their lowest level since late 2009, as the Bank of England continues to unanimously support historically-low interest rates in the face of weak price pressures.The ...

  • MORE than a quarter of prospective home buyers are now chasing riskier large mortgages, according to research released today, suggesting that announcements about the controversial Help to Buy scheme have ...

  • Moneysupermarket hopeful as Google agrees to search solution

    PRICE comparison website Moneysupermarket yesterday said that group revenues rose eight per cent in the three months to the end of March, in line with expectations. However revenue from online insurance ...

  • What you need to know before the US open City A.M. - Wed, Apr 23, 2014 14:02 BST
    What you need to know before the US open

    US stocks futures suggest a slightly lower open today, following the recent rally the S&P 500 and Nasdaq have seen over the last few days.Mortgage applications in the US fell 3.3 per cent last week - the ...

  • Any Other Business - 23/4 City A.M. - Wed, Apr 23, 2014 06:33 BST

    WHOEVER said banks were too macho? Goldman Sachs revealed some preference for the trend of flavoured beers in its US alcohol outlook this week, claiming that flavourisation is helping beer to stay relevant ...

  • FCA called to act as Quindell is hit by critical blog City A.M. - Wed, Apr 23, 2014 01:56 BST
    FCA called to act as Quindell is hit by critical blog

    THE FINANCIAL Conduct Authority (FCA) is facing calls to investigate after a critical blog post wiped £900m from the value of one of the UK’s fastest-growing public firms.Insurance outsourcer Quindell ...

  • GlaxoSmithKline trades assets with rival Novartis City A.M. - Wed, Apr 23, 2014 01:37 BST
    GlaxoSmithKline trades assets with rival Novartis

    FTSE 100 drug giant GlaxoSmithKline (GSK) yesterday unveiled a complex string of asset deals with Swiss rival Novartis in a move set to deliver a £4bn windfall for shareholders.GSK closed up 5.2 per cent ...

  • RBS to trim £65m from its cost base by cutting contractor pay

    RBS is reducing contractors’ pay by 10 per cent from the end of this month as its cost-cutting programme gets underway, City A.M. has learned.The bank wants to make savings of £1bn by the end of the year, ...

  • Barclays stops trading in most commodities City A.M. - Wed, Apr 23, 2014 01:29 BST
    Barclays stops trading in most commodities

    BARCLAYS is shutting down most of its commodities trading business after new regulations made it harder to make money in the sector, the bank said yesterday.It will no longer trade base metals, agricultural ...

  • BNY Mellon’s profits jump on rising markets City A.M. - Wed, Apr 23, 2014 01:28 BST
    BNY Mellon’s profits jump on rising markets

    BUOYANT equity markets and rising fee incomes boosted BNY Mellon’s profits in the first quarter, the US custodian bank reported yesterday.The bank made a profit of $926m (£550m) in the three-month period, ...

  • FINANCIAL firms are launching twice as many new products as they did during the depths of the debt crisis, with the number of freshly trademarked products heading back towards record levels. According ...

  • Business loans show signs of life at long last City A.M. - Wed, Apr 23, 2014 01:04 BST

    BANKS increased lending to businesses in February, Bank of England figures showed yesterday, in an early hint that loan levels could at last be recovering.Business loans have been crushed by the financial ...

  • Pets at Home hit by lower target price from bank City A.M. - Wed, Apr 23, 2014 01:00 BST
    Pets at Home hit by lower target price from bank

    GOLDMAN Sachs, one of the banks that advised on the recent £1.23bn flotation of Pets at Home, initiated research on the company yesterday with a target price for the stock of 242p – or 3p below the 245p ...

  • Chinese yuan drops to lowest in a year as People’s Bank steps in

    CHINA’S currency traded at the lowest level against the dollar in more than a year yesterday, as the People’s Bank of China (PBOC) intervened to ease reserve rules for the country’s rural lenders.The yuan ...

  • City Moves for 23 April 2014 | Who’s switching jobs City A.M. - Wed, Apr 23, 2014 00:36 BST

    HSBC Private BankOliver Gregson has been appointed head of private bank investment group, UK and Channel Islands, at HSBC Private Bank. He joins from Barclays Wealth, where he was head of discretionary ...

  • Who really owns your bank or building society? lovemoney.com - Tue, Apr 22, 2014 16:20 BST
    A general view of the London headquarters of British banks HSBC (R) and Barclays (L) is pictured at Canary Wharf, in east London, on September 12, 2011

    It pays to know a little bit about where your money is held.

  • Shaftesbury announces £135m loan with Canada Life Investments

    West end landlord Shaftesbury has announced a £135m 15-year loan with Canada Life Investments (CLI) and completion of refinancing with Lloyds Banking Group.The loan is set to be repayable in full maturity ...

  • Novartis and GSK agree $16bn oncology deal City A.M. - Tue, Apr 22, 2014 07:27 BST
    Novartis and GSK agree $16bn oncology deal

    Another pharmaceutical deal this morning.Swiss drug maker Novartis has announced that it’s doing an exchange of certain assets with GlaxoSmithKline (GSK), as part of its company overhaul.It’ll buy the ...

  • Shoppers stay away from UK high streets over Easter City A.M. - Tue, Apr 22, 2014 05:33 BST
    Shoppers stay away from UK high streets over Easter

    BRITISH shoppers did not hit the high streets in their expected numbers over the first days of the Easter bank holiday weekend, but there were signs that more people had headed to the shops yesterday.Retail ...

  • RBS is not planning any further action on its treatment of small businesses in the hope that Clifford Chance’s report clearing the bank of wrongdoing will satisfy its critics, City A.M. understands.City ...

  • Banks unable to meet tougher leverage rules City A.M. - Tue, Apr 22, 2014 04:58 BST

    EUROPE’S banks would have to raise another $196bn (£116.7bn) if regulators increased the minimum leverage ratio to five per cent, according to a study by SNL Financial, published yesterday.Under current ...

  • UK COMPANIES had a healthier appetite for buying and merging foreign companies in the first quarter of this year, spending $3.3bn (£1.96bn) more than they did last year on overseas deals.Businesses headquartered ...

  • Spanish banks face tough rivalry in small companies bet Reuters - Mon, Apr 21, 2014 10:46 BST
    The logo of Spanish bank Santander is seen outside a building in Madrid

    Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin loans to businesses as the economy emerges from a prolonged slump and bond-trading income …

  • Rupee lower on oil demand; seen rangebound Reuters - Mon, Apr 21, 2014 08:48 BST

    Reuters Market Eye - The rupee is trading at 60.34/35 versus its Thursday's close of 60.29/30 on the back of dollar demand from oil importers. Traders say good dollar selling from a couple of foreign banks ...

  • Phoenix prolongs insurance policy payout Telegraph - Mon, Apr 21, 2014 08:25 BST

    Our consumer expert helps a frustrated reader receive the funds he is owed from a matured insurance policy

  • With loan-to-value mortgages at 82pc in London, house buyers must find a deposit of around £50,000, which could deter talented staff from settling in the city

  • Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance. An eminence grise as respected among France's political elite as in the heart of the law-drafting European Commission, de …

  • Banking stocks gain on bond rally, earnings hopes Reuters - Mon, Apr 21, 2014 06:07 BST

    Reuters Market Eye - Lenders gain for a second consecutive day with the Bank Nifty up 0.6 percent after its 1.8 percent gain on Friday. A rally in bonds after the RBI fully sold the 200 billion rupees ...

  • The Philippine non-life insurance sector is going through a transition as it scales up to meet higher capital requirements under a new regulatory code. Challenging market conditions, with little driving momentum in the industry, have left many insurers feeling pressured as they cope with capital hikes, according to a new …

  • A tough sell: insurance against a China financial crisis Reuters - Mon, Apr 21, 2014 03:36 BST

    Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone will buy an insurance policy against it, …

  • Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) today issued a letter to shareholders regarding a previously disclosed unsolicited proposal from Endurance Specialty Holdings Ltd. (“Endurance”) (NYSE:ENH) to acquire Aspen for a combination of Endurance common stock and cash. Glyn Jones, Chairman of the Board of …

  • Underspend on funding to help poorest Telegraph - Mon, Apr 21, 2014 00:41 BST

    The poorest families are being 'driven into the arms of loan sharks', campaigners claim as they say funding for those in need is not being spent

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