Financial Services Sector News

Latest News

  • Global stocks fail to find solid footing after meltdown

    The DAX closed 1.1 percent lower on February 9, 2016

  • HSBC money laundering report's release likely delayed-U.S. judge Reuters - UK Focus - 2 hours 3 minutes ago

    U.S. District Judge John Gleeson in Brooklyn, New York, did not rule on whether he would put on hold his order requiring the unsealing of a report by a federal monitor appointed as part of a $1.9 billion pact with the U.S. Justice Department in 2012. "He's going to have a tough road convincing me otherwise," Gleeson said …

  • Fresh Turmoil For FTSE As Shares Slip Again Sky News - 2 hours 3 minutes ago
    Fresh Turmoil For FTSE As Shares Slip Again

    Stock markets have been hit by renewed volatility with Europe's banking giants adding to falls that have seen them lose billions in value so far this year. Germany's Deutsche Bank (Other OTC: DBAGF - news) was in the eye of the storm as shares continued to slide despite an attempt to reassure investors and staff by the …

  • Viacom tumbles on fears for outlook AFP - 2 hours 9 minutes ago
    Viacom tumbles on fears for outlook

    Analysts remain concerned that Viacom is falling behind its rivals as content moves to on-demand platforms like Netflix and Hulu

  • "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," Goldman Chief Executive Officer Lloyd Blankfein said on Tuesday at the Credit Suisse (LSE: 0QP5.L - news) financial services forum in Miami. BB&T Corp CEO Kelly King said the bank has rejected broad-based …

  • 'We all know that QE2 is not really going to work but the market says "I’m a smoker, I know it kills me, but so long as I can get cigarettes, I’m happy"'

  • Paul Compton - who replaces outgoing chief operating officer Jonathan Moulds - is a former colleague of chief executive Jes Staley

  • The signs of a robust jobs market could ease concerns about the health of the economy, which were underscored by other reports on Tuesday showing a drop in small business confidence in January to a two-year low and further declines in wholesale inventories. "If the labor market is tightening, can the economy really be …

  • Deutsche Bank's shares fell again, pushing the lender's boss and even the German finance minister to step in to reassure investors that the bank is still stable

  • (ShareCast News) - The UK's top-flight index finished in the red as losses overnight in Japanese equities filtered through into the European session, with weakness in the market for US energy companies' ...

  • No sign of 'Turnaround Tuesday' for FTSE 100 as London-listed stocks drop for a second day

  • Britain's FTSE 100 mired near 3-year lows Reuters - UK Focus - 7 hours ago

    Weaker mining and banking stocks kept Britain's top share index mired near three-year lows on Tuesday as concern lingered over the global economy and the health of the financial sector. The FTSE 100 index, ...

  • (ShareCast News) - Banks dragged the main European stockmarket indices lower again on Tuesday, with investors cautious amid on-going concerns over global growth and the possibility that tensions in some ...

  • Unilever plc (LON:ULVR), Big Yellow Group plc (LON:BYG) & International Consolidated Airlns Grp SA (LON:IAG): favourable tailwinds should allow earnings growth to continue.

  • US job openings jump in December Sharecast - 7 hours ago

    (ShareCast News) - Growth in the number of job openings in the US easily surpassed expectations in December, highlighting Fed chair Janet Yellen's policy quandary as economic growth slows and the stockmarket ...

  • Neil Woodford, one of Britain's best-known fund managers, has sold his stake in the privatised firm, citing 'regulatory concerns'

  • The Additional Tier 1 market is suffering its worst sell-off since opening in 2013, scuppering banks' ability to continue using the instruments to shore up their balance sheets and raising fresh doubts about the depth of the investor base in Europe. While AT1 bonds proved largely resilient to 2015's volatility and emerged …

  • Lenders have been spending their investors' cash like drunken sailors on shore leave for nearly eight years now. Patience is running out

  • UBS freezes salaries in investment bank -sources Reuters - UK Focus - 8 hours ago

    NEW YORK/LONDON Feb 9 (Reuters) - Swiss bank UBS is imposing a pay freeze across its investment banking arm as banks across Europe take an increasingly hard line on costs to improve profitability, two sources familiar with the matter told Reuters. UBS (NYSEArca: FBGX - news) has reshaped its strategy in the wake of the …

  • A pedestrian holding an umbrella walks past an electronic board showing the graphs of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo

    The global stock market rout has intensified, with Japan's Nikkei losing 5.4% of its value in a horror show of a trading day that saw a rush for safe havens such as gold and the yen.

  • Tuesday broker round-up Sharecast - 9 hours ago

    (ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral.

  • Supreme Court puts new twist on Lloyds ECN saga Reuters - UK Focus - 10 hours ago

    The Supreme Court ruled late on Monday that holders of Lloyds' Enhanced Capital Notes have the right to appeal the bank's decision to buy the bonds back, providing a new twist in the saga of the high-yielding bonds. The ECNs have been at the heart of a legal battle with investors, who argue that the bank does not have …

  • Signs of strain in bank-to-bank lending, the epicentre of the 2007-08 banking crash, hit some of their highest levels in more than a year on Tuesday, though tensions were far from financial crisis peaks. The spike in interbank stress this week, coinciding with sharp falls in many lenders' share prices, underlined worries …

  • Starwood Hotels & Resorts Inks Deal for Fourth UK Aloft Hotel

    Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it has entered into a franchise agreement with Brighton and Hove Albion to open a new Aloft hotel in the popular southern England coastal city. The 150-room Aloft Brighton, which is due to open in September 2017, will expand the brand’s growing footprint …

  • Form 8.3 - ROYAL DUTCH SHELL PLC Business Wire - 11 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”) ...

  • FORM 8.3 - HOME RETAIL GROUP PLC Business Wire - 11 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”) ...

  • Form 8.3 - SAINSBURY(J) PLC Business Wire - 11 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”) ...

  • Form 8.3 - LIBERTY GROUP PLC Business Wire - 11 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”) ...

  • 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 - BG GROUP PLC Business Wire - 11 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”) ...

  • The housebuilder has benefitted from Help to Buy and the general move from central London to the outskirts

  • Fresh Turmoil For FTSE As Shares Slip Again

    The global stock market rout has intensified, with Japan's Nikkei losing 5.4% of its value in a horror show of a trading day that saw a rush for safe havens such as gold and the yen. The sell-off followed Monday's lead on the European and US stock markets when they endured further losses  on top of those already witnessed …

  • (ShareCast News) - The UK's top-flight index had slipped into the red come midday as weakness overnight in Japanese equities filtred through into the European session, with weakness in US high-yield debt ...

  • Form 8.5 (EPT/NON-RI) - SABMILLER PLC Business Wire - 12 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 ...

  • A fall in the shares of major banks and mining stocks kept Britain's top share index near three-year lows on Tuesday, as concerns lingered over the global economy and the health of the financial sector. ...

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