(For other news from Reuters Global Commodities Summit, click on http://www.reuters.com/summit/Commodities14) * Mercuria looking to expand third party services * Gunvor says banks exiting commodities is "overblown" By Claire Milhench LONDON, Nov 4 (Reuters) - Banks and tra
Read moreUS banking giant JP Morgan has increased the amount of money set aside for potential litigation costs by $1.3bn (£813m), after revealing its currency trading operations were under investigation by the US Department of Justice (DoJ). The Financial Conduct Authority (FCA) in the UK and the Commodity F
Read more* BoE deputy governor says money laundering rules damaging * Some emerging economies cut off from financial markets * Comments follow hefty U.S. fines for European banks * BoE also sees some hit to liquidity from EU regulation (Releads with comments on money laundering)
Read moreAberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreBy Mike Gambale and Danielle Robinson NEW YORK, Nov 3 (IFR) - November's expected onslaught of more than US$110bn of deals could not have gotten off to a smoother start on Monday, with 10 issuers placing US$12.15bn of bonds, some of which priced with negative new issue concessions. Mo
Read moreRoyal Bank of Scotland (RBS) is set to ditch the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout, the Daily Telegraph said on Tuesday. The bank said Deloitte, which had conducted audits since 2000, will be replaced by Ernst & Young, which would audit its accou
Read moreSome of the world's biggest banks have set aside up to $7bn (£4.38bn) in preparation for potential settlements with regulators investigating allegations of manipulation and collusion in foreign exchange markets. Upon releasing its earnings report on Monday, HSBC, Europe's largest bank, announced it
Read moreWeak European manufacturing data dragged London shares lower on Monday despite a rise in the sector's fortunes in the UK. The Eurozone Markit manufacturing purchasing managers' index (PMI) for October fell to 50.6 from 50.7 previously with both Germany and Italy declining while France improved sligh
Read moreLONDON, Nov 3 (Reuters) - Smaller banks would be disproportionately hit by new UK rules aimed at toughening the regulatory regime for senior bankers, two of the industry's main lobby groups have warned. UK regulators should also set different rules for non-executive directors than for execu
Read moreBy Jamie McGeever LONDON, Nov 3 (Reuters) - Major banks have set aside almost $7 billion for potential settlements with regulators investigating allegations of collusion and manipulation in foreign exchange markets, the first of which could come in the Britain later this month. Europe
Read moreLONDON, Nov 3 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-maker
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