Morgan Stanley has reiterated its 'overweight' position on UK banking group Barclays, saying that the value of its non-core operations are "under-appreciated" by the market. The US broker last week upgraded its stance on Barclays from 'equalweight', saying the "the market does not fully recognise th
Read more(Adds RBS spokesman declined to comment) Feb 10 (Reuters) - The U.S. Department of Justice is pushing some big banks to plead guilty to criminal charges that they manipulated the prices of foreign currencies, the New York Times reported, citing lawyers briefed on the matter. In the fi
Read moreBy Karen Freifeld Feb 10 (Reuters) - New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said.Read more
Feb 10 (Reuters) - The U.S. Department of Justice is pushing some big banks to plead guilty to criminal charges that they manipulated the prices of foreign currencies, the New York Times reported, citing lawyers briefed on the matter. In the final stages of a long-running investigation into
Read moreFeb 9 (Reuters) - Barclays Plc is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter. Some junior executives of the bank are set to receive raises in salary and bonuses as high
Read moreLondon's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"
Read moreLONDON, Feb 9 (Reuters) - Standard Chartered has been appointed the 14th market-making member of the London Bullion Market Association, effective from Feb. 9, the LBMA said on Monday. Market-making members are obliged to offer two-way quotations in gold and silver to the other market makers
Read moreFeb 8 (Reuters) - The U.S. Department of Justice is examining currency-linked investments offered by Barclays and UBS, the Financial Times reported on Sunday. The agency is looking into whether the two banks sold so-called structured products without disclosing the profit they were making
Read more* $3.6 billion spent with contactless cards in 2014 * Proportion of purchases made with cards increases (Adds data from Barclays) By Matt Scuffham LONDON, Feb 6 (Reuters) - Spending using contactless payment cards more than trebled to 2.32 billion pounds ($3.6 billion) in Brit
Read moreLONDON, Feb 6 (Reuters) - Spending using contactless payment cards more than trebled to 2.32 billion pounds ($3.6 billion) in Britain during 2014, the UK Cards Association said on Friday. The trade body said debit and credit cards now accounted for 75.8 percent of retail sales in Britain, c
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