Financial Services Sector News

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  • Barclays PLC (LON: BARC), Lloyds Banking Group PLC (LON: LLOY) and HSBC Holdings plc (LON: HSBA) are falling further out of favour.

  • MEDIA-Judge puts hold on HSBC sex suit -NYPost Reuters - UK Focus - 2 hours 19 minutes ago

    -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • Petrobras shares rise after deal with Chinese bank

    Share prices for Brazilian state-owned oil giant Petrobras soared after it announced it had signed an agreement to obtain $3.5 billion in funding from the China Development Bank

  • Kurt Geiger To Try On Another New Owner

    The upmarket shoe retailer Kurt Geiger is preparing to try on another new owner less than a year after its last buyout. Sky News understands that the company's management and their backers at Sycamore Partners, an American private equity firm, have hired bankers at Goldman Sachs (NYSE: GS-PB - news) to explore a sale …

  • The Banking Standards Board (BSB) on Thursday unveiled a panel including five bankers and nine people from outside the industry to review practices after confidence in banks has been rocked by mis-selling and rate-rigging problems. The BSB will be funded by banks but will operate independently as it seeks to raise standards …

  • U.S. says HSBC must do more to improve compliance Reuters - UK Focus - 8 hours ago

    HSBC Holdings Plc (HKSE: 0005.HK - news) is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday. The government made its criticisms after reviewing findings of an independent …

  • HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of ...

  • Morgan Stanley has applied a 20pc discount to Sports Direct to reflect corporate governance concerns

  • The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. JPMORGAN CHASE & CO The financial services company ...

  • BUZZ-Semiconductor stocks: Painful memory Reuters - UK Focus - 11 hours ago

    ** Selloff in semis that began yesterday to get worse following more bad news on earnings front ** Sandisk cuts Q1 revenue forecast by more than $100 mln citing soft enterprise sales and soft pricing ** ...

  • Form 8.3 - CSR PLC Business Wire - 13 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 - GREENE KING PLC Business Wire - 13 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 - TSB BANKING GROUP PLC Business Wire - 13 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 ...

  • Investors in UK commercial real estate are snapping up large out-of-town shops to capitalise on the rebounding economy and a trend among online shoppers to click-and-collect. Record (LSE: REC.L - news) low interest rates, higher employment and an improving housing market are enticing more Britons to shop and the prospect …

  • Form 8.3 - OPTOS PLC Business Wire - 13 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”) ...

  • European equities enjoy bright start to second quarter

    European stock markets charged upwards Wednesday in a positive start to the second quarter on the back of upbeat manufacturing data in China and the eurozone, dealers said

  • Form 8.3 - SPIRIT PUB CO PLC Business Wire - 13 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 day after a share purchase from Quindell founder Rob Terry sent them soaring, shares in struggling AIM broker Daniel Stewart were sent tumbling back down by news that Adam Wilson, who acts as a consultant ...

  • Russia-focused steelmaker Evraz surged after pledging to buy-back shares despite reporting a net loss of $1.28bn last year.

  • Britain's top share index bounced back on Wednesday, with data showing the country's manufacturing sector grew at the fastest pace in eight months, prompting investors to buy equities on the first trading ...

  • Shares of UK domestic lenders were making gains on Wednesday after upbeat comments from analysts at Morgan Stanley in a note issued after the US bank's conference on the financial sector last week.

  • US stocks declined on Wednesday as investors digested a disappointing ADP employment report, while oil prices climbed slightly.

  • Mercia Technologies has invested £3.5m towards increasing its stake in Science Warehouse from 45% to 63%

  • The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. CITIBANK KOREA The South Korean unit of Citigroup ...

  • Britain's FTSE rebounds, manufacturing data helps Reuters - UK Focus - 16 hours ago

    Britain's top share index bounced back on Wednesday, with data showing the country's manufacturing sector grew at the fastest pace in eight months prompting investors to buy equities on the first trading ...

  • Royal Bank of Scotland (RBS) has sold around 3 billion dirhams ($816.8 million) of loans belonging to companies in the United Arab Emirates to Commercial Bank of Dubai (CBD), both banks said on Wednesday. RBS is shrinking its corporate and institutional banking business in the Middle East, Africa, parts of Europe and …

  • European Union milk quotas were lifted on Wednesday after more than 30 years, creating expansion opportunities for some dairy farmers while potentially threatening the livelihood of others. Farming groups in top producer Germany and exporter Ireland welcomed the lifting of the quotas which were first introduced in 1984 …

  • Being one of the world's top 30 banks is not worth the hassle of extra regulatory scrutiny and capital requirements, according to a poll of financial industry investors last week. Morgan Stanley (Xetra: 885836 - news) said 62 percent of investors polled at its European financial industry conference said the negatives …

  • Experts spell out exactly where they have invested their pension savings and explain their choices

  • ** Drugmaker's U.S.-listed shares up 1.3 pct at $46.75 premarket, London-listed up nearly 2 pct ** Cowen & Co analysts say GSK's vaccine to treat shingles may be more effective than Merck's ** Glaxo's ...

  • Asia-focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes. Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private …

  • UK-based Brown Shipley appointed Newcastle Building Society Chief Executive Jim Willens as its chairman, replacing Alan Dickinson who stepped down after three years at the private bank. Dickinson left ...

  • Barclays Wealth and Investment Management said it appointed James Buchanan-Michaelson as general manager of Barclays Bank SA. Buchanan-Michaelson will be responsible for leading the private banking business ...

  • The company admits it underestimated the value of profits in the division it is selling to Australia's Slater & Gordon

  • These 3 financials could boost your income: Lloyds Banking Group PLC (LON: LLOY), Amlin plc (LON: AML) and Tullett Prebon Plc (LON: TLPR).

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