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The Telegraph has said that household water bills across England and Wales are to fall by 5% in real terms by 2019-2020 following a decision by Ofwat. "The ruling will almost certainly hit the profits of the UK's water companies," the paper said. New York's financial regulator is looking at whether
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(Adds Barclays declines to comment) By Supriya Kurane Dec 11 (Reuters) - The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter tol
Read moreBy Supriya Kurane Dec 10 (Reuters) - The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters. Benjamin Lawsky, the head
Read moreDec 10 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. MEDIOBANCA The bank has hired Philippe Deneux from Barclays Plc to be its new head of France and Benelux, as part
Read moreLONDON, Dec 10 (IFR) - Mediobanca has hired Philippe Deneux from Barclays to be its new head of France and Benelux, as part of an expansion in the region that will see additional hires announced over coming months, the bank said. Deneux will be based in Paris and report jointly to Alberto
Read more-- Source link: (http://on.ft.com/1D8rERq) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more-- Source link: (http://bloom.bg/1x0eItm) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreLONDON, Dec 9 (Reuters) - The credit ratings of Britain's big banks could be hurt by plans to force them to separate their domestic retail banking operations, while costs for customers could rise, Standard & Poor's said on Tuesday. The Bank of England is forcing lenders to set up a boundary
Read moreFRANKFURT, Dec 8 (Reuters) - European banks face a tough year in 2015 as fresh and as-yet unfinished regulatory hurdles compound problems created by a stalling economic recovery, credit rating agencies Moody's and Standard & Poor's said on Monday. More than seven years after the start of th
Read more(Repeats story sent earlier with no changes to text) By Nate Raymond NEW YORK, Dec 8 (Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged overcharges by a company once owned by Wacho
Read moreBy Nate Raymond NEW YORK, Dec 8 (Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged overcharges by a company once owned by Wachovia Corp. Jury selection is scheduled to begin in fed
Read moreBP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated price of oil it uses for budgeting. Gilvary said
Read moreAndrew Tyrie, Chairman of the Treasury Committee, has written to some of the UK's major banks after the Committee heard evidence last month that the figures published by banks may be understating the level of fraud in the banking system. In the letter, thought to be addressed to Barclays, HSBC, Lloy
Read moreUK banking stocks were on the rise on Friday, bouncing back after taking a hit earlier in the week following the Autumn Statement, with market sentiment helped by a much better-than-expected US jobs report. Global stock markets jumped after the US Labor Department revealed that monthly non-farm payr
Read moreLONDON, Dec 5 (Reuters) - U.S. bank JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date, new data showed on Friday. In a ranking compiled by industry analytics firm Coalition, U.S.
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