Financial Services Sector News

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  • Newly appointed Credit Suisse AG (NYSE: CS - news) Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm. Thiam's reputation …

  • Brazil targets 15 banks in forex fixing probe

    Fifteen banks are under investigation by Brazil's antitrust body over suspected foreign exchange price fixing

  • The very short-term outlook for financial markets has grown more uncertain, but that may throw up some investment opportunities.

  • Merrill Lynch believes Vodafone's recovery remains fragile, and that it is unlikely to show any material improvement until the second-half of next year.

  • Oil, gold prices retreat AFP - 10 hours ago
    Oil, gold prices retreat

    Oil prices came under pressure this week from concerns about Greece's future in the eurozone and the possibility of higher Iranian crude supplies

  • UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals.

  • Lawyers in the US say the bank could owe $13bn, but RBS does not think the bill will climb that high

  • Aix-en-Provence, France, July 3 (Reuters) - Greece's debt crisis risks is clouding the outlook for stock market listings after a flurry of flotations in the first half of the year, the head of Paris' stock market Anthony Attia said in an interview on Friday. "In terms of IPOs, we had a very good first half, but we are …

  • Britain's FTSE marks biggest weekly drop in a month Reuters - UK Focus - 14 hours ago

    Britain's blue-chip share index marked its biggest weekly drop in a month on Friday, with miners slipping on a slowdown in China and banks falling after Brazil said it was investigating some global lenders' ...

  • The bank is replacing its auditor as the industry moves to shake up the way the books are reviewed

  • Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market.

  • UK to curb protection for savers, blames EU rules Reuters - UK Focus - 14 hours ago

    British savers will have less of their money protected if a bank fails next year, the government said on Friday, blaming European Union rules which one senior lawmaker called "absurd". Relations between Britain and the EU are already tense. Prime Minister David Cameron, who is trying to reshape relations with the 27-member …

  • The FTSE 100 oil giant's settlement related to the Gulf of Mexico disaster removes a major cloud over the investment case, says Questor

  • The closure of the Athens Stock Exchange since Monday has made it impossible for managers to ascertain exactly how far the value of shares in bluechip Greek companies such as Alpha Bank and Hellenic Telecommunications might have fallen since the country fell deeper into crisis. Only a handful of fund firms still hold large …

  • Barclays said on Friday that it will appoint KPMG as its auditor for the year ending 31 December 2017, ending its 119-year audit relationship with PwC.

  • Contrarian investor Henry Dixon names the beaten up shares he has been buying

  • UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum.

  • Barclays (LSE: BARC.L - news) is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Britain's big lenders must set up so-called 'ring-fenced banks' by 2019. The new businesses must include …

  • Form 8.3 - Royal Dutch Shell Business Wire - 16 hours ago

    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”) ...

  • These 3 stocks seem to be worth buying right now: Barclays PLC (LON: BARC), Clarkson PLC (LON: CKN) and Crest Nicholson Holdings PLC (LON: CRST)

  • Lloyds Banking Group PLC (LON:LLOY) and Boohoo.Com PLC (LON:BOO) have the same catalyst for firing their shares higher.

  • Form 8.3 - BG GROUP PLC Business Wire - 17 hours ago

    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 ...

  • Form 8.3 - PACE PLC Business Wire - 17 hours ago

    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 ...

  • Form 8.3 - CSR PLC Business Wire - 17 hours ago

    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 ...

  • Form 8.3 - ARRIS GROUP INC Business Wire - 17 hours ago

    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 ...

  • Form 8 (DD) - Equinix Inc Business Wire - 18 hours ago

    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 ...

  • We name the top 10 Isa funds since the start of 2015 and those that have left investors nursing heavy losses

  • Britain's blue-chip share index headed for its biggest weekly drop in a month on Friday, with miners slipping on a slowdown in China and banks falling after Brazil said it was probing some global lenders' ...

  • Form 8.5 (EPT/NON-RI) - REXAM PLC Business Wire - 18 hours ago

    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) - TELECITY GROUP PLC Business Wire - 18 hours ago

    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 ...

  • Barclays (LSE: BARC.L - news) has picked KPMG as its first new auditor in 120 years after new rules encouraged a shake-up in Britain's auditing landscape. KPMG will take over Barclays' auditing from 2017, the bank announced on Friday, having said last year that it would change from PwC. Barclays has been audited by …

  • Asia markets on back foot before Greece vote

    Shanghai tumbled 7.13% at one point on July 3, 2015, with the mainland market pummelled by profit-taking and margin traders calling in their bets

  • FORM 38.5(b)- DRAGON OIL PLC Business Wire - 19 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 38.5(b)                   IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY CONNECTED EXEMPT PRINCIPAL ...

  • FORM 38.5(b) - AER LINGUS GROUP PLC Business Wire - 19 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 38.5(b)                   IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY CONNECTED EXEMPT PRINCIPAL ...

  • The online retail currency trading platform FXPro has imposed a higher margin on trading the euro, most other major currencies and precious metals to prevent traders from taking fresh speculative positions before the Greek referendum. "We have decided to increase margin requirements to 2 percent for trading the following …

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