(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
Read more* Five ex-bankers involved in third Libor trial * All deny skewing key rate for personal gain (Adds detail from cross-examination from paragraph 14) By Kirstin Ridley LONDON, May 18 (Reuters) - A former Barclays trader accused of conspiring to rig a global interest rate said a
Read more* Five ex-bankers involved in third Libor trial * All deny skewing key rate for personal gain By Kirstin Ridley LONDON, May 18 (Reuters) - A former Barclays trader accused of conspiring to rig a global interest rate said a promise to name a colleague in a book and to invite him
Read more* FTSE 100 index flat at close * Burberry falls after profit slump * Miners track weaker metals prices * Banks rally on renewed prospect of U.S. rate hike (Updates with prices at close) By Kit Rees and Atul Prakash LONDON, May 18 (Reuters) - Britain's top share ind
Read more* FTSE 100 index down 0.2 percent * Burberry falls after profit slump * Miners track weaker metals prices (Adds detail and quote, updates prices) By Kit Rees and Atul Prakash LONDON, May 18 (Reuters) - Britain's top share index slipped from a two-week high on Wednesday a
Read more(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
Read more* Watchdog wants to stimulate competition for "big four" * Critics say proposals don't go far enough * Final report to be published in August (Adds cost and more reaction) By Andrew MacAskill and Huw Jones LONDON, May 17 (Reuters) - Long-awaited measures to break the mar
Read more(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreLONDON, May 17 (Reuters) - Britain's biggest banks will have to cap unauthorised overdraft fees and join a price-comparison website to give customers better service, Britain's competition watchdog said on Tuesday, following a 19-month investigation to reform the banking sector. The Competit
Read moreNEW YORK, May 16 (Reuters) - Credit Suisse has hired Ray Raimondi, formerly of Barclays, to lead its global mergers and acquisitions team for deals in the industrials sector, the Swiss bank said on Monday. Raimondi will join Credit Suisse as managing director and head of global industrials
Read more(For other news from Reuters Financial Regulation Summit, click on http://www.reuters.com/summit/FinancialRegulation16) * Bank CEOs' conduct message not getting to rank and file * Bailey wants shareholders to be more vocal at banks * Bailey to bolster FCA's mission message from
Read more(For other news from Reuters Financial Regulation Summit, click on http://www.reuters.com/summit/FinancialRegulation16) By Huw Jones and Andrew MacAskill LONDON, May 16 (Reuters) - London has no "God given" right to remain a global banking centre if Britain were to leave the European
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