A mixed batch of economic data and weak corporate earnings gave investors the excuse to take profits on Tuesday, as markets continued to retreat from their recent record highs. London's FTSE 100, which had started the day in positive territory, swung sharply into the red by mid-morning and extended
Read more* Bank takes 750 mln stg extra provision for FX probe * 2014 profit including charges, costs down 21 pct at 2.3 bln stg * Aiming for FX deal with as many agencies as possible * Shares down 3 pct (Recasts with CEO comments) By Steve Slater and Matt Scuffham LONDON,
Read moreLONDON, March 3 (Reuters) - The Bank of England said on Tuesday that it had hired Barclays, J.P. Morgan , Merrill Lynch and Morgan Stanley as lead managers for a three-year U.S. dollar bond issue. The BoE said in a statement it expected to execute the transaction in the coming weeks. The sa
Read more(Adds detail, background) By Huw Jones LONDON, March 3 (Reuters) - Britain's new rules for vetting and making senior bankers directly accountable for their actions will take effect from March next year, financial services minister Andrea Leadsom said on Tuesday. The new rules, t
Read moreLONDON, March 3 (Reuters) - Britain's new rules for vetting and making senior bankers directly accountable for their actions will take effect from March next year, UK financial services minister Andrea Leadsom said on Tuesday. The new regime aims to make it easier for regulators to punish b
Read moreShares in Barclays fell after the bank set aside a total of £1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates. The news came as Barclays reported a pre-tax loss of £532m for the fourth quarter. Commodities trader and mi
Read more** British bank's U.S.-listed shares down 2.2 pct at $15.73 premarket ** Takes Q4 charge of 750 mln stg ($1.2 bln) to settle allegations its traders manipulated foreign exchange markets ** Pretax profit falls 21 pct to 2.3 bln stg ** Increases litigation provision by 250 pct to
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