By Jonathan Stempel NEW YORK, April 16 (Reuters) - Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. The settlement with the second-largest U.S. bank was disclosed on Th
Read moreLONDON, April 15 (Reuters) - Barclays Plc shareholders should reject the British bank's remuneration policy, as pay for Chief Executive Antony Jenkins is "excessive", a shareholder advisory group said on Wednesday. Pirc, an independent group that says it offers advice to institutional inve
Read moreMarks&Spencer: UBS reiterates buy and lifts target price to 625p from 590p. HSBC: Credit Suisse reiterates underweight stance and Investec its recommendation to sell. Barclays: Credit Suisse reiterates neutral and 250p target. Tesco: Deutsche reiterates buy and 275p target price. Royal Dutch Shel
Read moreApril 14 (Reuters) - State Street Corp has appointed Alex Lawton senior managing director and head of securities finance for State Street Global Markets in Europe, the Middle-East and Africa. Lawton joins from Barclays Plc where he was head of equity finance for the EMEA region. (Reportin
Read moreThe loan loss ratio for UK banks stood at 0.14% at the end of 2014 according to Standard&Poor's, versus 0.69% in 2013 - a rare positive for the sector. It is a reflection of faster economic growth, low interest rates, higher property prices, banks' sale of dodgy property loans, lending deemed proble
Read moreApril 9 (Reuters) - Investment bank Moelis & Co appointed Christopher Shaw as a managing director in the oil and gas sector. Shaw, who has nearly 20 years of oil and gas investment banking experience, most recently worked as a managing director at Barclays. He will join Moelis in Jul
Read more(Refiles to fix typographical error in headline, no change in text) * Apple Pay global expansion slowed by local payment differences * Seen likely to target countries with strong iPhone penetration * Australia, China, UK viewed among likely next moves - experts By Eric Auc
Read moreLONDON, April 7 (Reuters) - Barclays head of markets Eric Felder is leaving the bank, less than a year after he was appointed to supervise its global sales and trading businesses, according to an internal memo. Felder intended to "pursue a career more aligned with his personal and professio
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Read moreThe UK's largest banks have collectively paid 60% of their profits since 2011 towards regulatory fines and reimbursing customers for mis-selling, according to KPMG. In a new report published on Tuesday, the global advisory firm estimated that such costs, including repayments related to Payment Prote
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Read more* Bank to collectively pay $1.45 bln to US, NY authorities * US Justice Department defers prosecution for 3 years * Judge cites bank's cooperation, compliance improvements (Updates with details from the hearing, background on the case) By Sarah N. Lynch WASHINGTON, April
Read more** Scope for divi ramp-up from Lloyds Banking Group , which recently announced its first payout since being bailed out during the financial crisis, says Stephen Message, manager of Old Mutual Global Investors' UK Equity Income Fund ** Message reckons Lloyds -- which said (end Feb) it is to
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