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Dec 1 (Reuters) - Asset management company State Street Global Advisors appointed Rory Tobin as head of its European distribution. Tobin will be responsible for leading and developing the region's institutional and intermediary distribution business, the company said. He joins State S
Read moreLONDON, Dec 1 (Reuters) - Britain's financial regulator said on Monday that banks and other lenders paid out 354 million pounds ($557 million) in September to compensate customers mis-sold loan insurance, the first monthly rise since April. The payouts were an increase on the 313 million ha
Read moreJOHANNESBURG, Dec 1 (Reuters) - Barclays Africa Group's investment banking division expects countries outside South Africa to contribute more than half its revenue in five years' time after taking on most of its parent's operations on the continent. Barclays Africa's corporate and investme
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Balfour Beatty could be broken up as John Laing Infrastructure Fund considers a billion-pound bid for the company's investment arm, the Sunday Times reported. John Laing is interested in bidding for Balfour's 60 private finance initiative (PFI) contracts. It would leave Balfour with a business worth
Read moreBarclays is set to launch a video banking service to some of their customers from next month. The service, the first of its kind in the UK, will be available from 8 December and will allow premier account customers to speak securely to bank staff at any time of the day. Steven Cooper, chief executi
Read more* Overall complaints down 7 percent to 151,000 * Insurance complaints down 21 percent to 91,300 * General bank complaints up 29 percent to 55,000 * Mortgage complaints up 18 percent to 2,700 (Adds banking and mortgage complaints, comment) By Matt Scuffham LONDON, N
Read moreLONDON, Nov 28 (Reuters) - Customer complaints at Barclays fell by 7 percent in the third quarter of 2014, compared with the same period a year ago, led by a decline in cases relating to the mis-selling of loan insurance. The bank said total complaints in the quarter fell by 11,407 to 150,
Read more(Updates with outcome of Friday's court hearing) By Swati Pandey SYDNEY, Nov 28 (Reuters) - An Australian court case is set to throw a spotlight on a steady retreat by Western banks out of the $435 billion global remittance business, a trend that threatens to erode the livelihoods of
Read moreBy Swati Pandey SYDNEY, Nov 28 (Reuters) - An Australian court case is set to throw a spotlight on a steady retreat by Western banks out of the $435 billion global remittance business, a trend that threatens to erode the livelihoods of hundreds of millions of the world's poor. Almost
Read moreAmlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreZURICH, Nov 27 (Reuters) - Barclays' private bank in Switzerland has dropped out of a U.S. programme aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday. "We have recently exited the prog
Read more(Corrects typo in first bullet point) * Fines, misconduct have cost British banks $60 billion * New banking standards body vows to name errant bankers * New banking standards body pledges independence By Matt Scuffham LONDON, Nov 26 (Reuters) - A "toxic culture" that
Read more* Fines, misconduct have cost British banks $60 million * Banks have received 20.8 million complaints since 2008 * Fivefold increase in cases going to ombudsman By Matt Scuffham LONDON, Nov 25 (Reuters) - Bad behaviour that has cost British banks 38.5 billion pounds ($60 b
Read moreROME, Nov 25 (Reuters) - Eight Italian regions have hired banks to manage a round of bond buybacks for them, the treasury said on Tuesday, in a move aimed at giving indebted local administrations more time to repay their loans. The Italian state is providing cash-strapped regions with the f
Read moreBy Matt Scuffham LONDON, Nov 25 (Reuters) - Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into trouble with his ba
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