TOKYO, Oct 1 (Reuters) - The Japanese government has
selected Nomura Securities and JP Morgan among the 11
underwriters for a planned initial public offering of
state-owned Japan Post
By Nate Raymond NEW YORK, Sept 30 (Reuters) - Three former Barclays Plc traders facing charges in the United Kingdom over manipulation of Libor benchmark interest sued the bank in New York on Tuesday, accusing it of retaliating against them by failing to pay their legal fees. In a la
Read moreBy Steve Slater LONDON, Sept 30 (Reuters) - Political troubles in Russia and the Middle East added to a summer slowdown in trading activity and is likely to leave third quarter revenues for investment banks down from the previous three months, bankers and analysts said. Investment ban
Read moreLONDON, Sept 30 (Reuters) - Britain is reviewing whether bank customers should be allowed to switch lenders using their existing account number in a bid to boost competition, as in the mobile phone market. The Financial Conduct Authority (FCA) said on Tuesday its review would look at the ef
Read moreTesco has lined up a £2.5bn banking facility as a preventive measure in case of possible ratings downgrades. According to a Sky News report, the UK's biggest retailer has signed up between four to six banks to a new credit facility intended at providing an insurance policy, as the group seeks a solu
Read more** Investment bank revenues in Q3 expected to be 13 pct lower than in the previous three months, according to forecasts by JPMorgan analysts. ** FICC revenue seen 17 pct lower Qtr/Qtr while revenue at equities & IB divisions forecast to be down 11 pct & 12 pct respectively. ** The thr
Read more(Adds detail) ZURICH, Sept 29 (Reuters) - Switzerland's UBS has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. The terms proposed in the talks included
Read moreThe whistleblower who alerted Tesco to its accounting problem tried to do so before but was ignored, the Sunday Times reported. The accountant, reporting to Tesco's UK Finance Director, Carl Rogberg, raised concerns with superiors during ex-chief executive Philip Clarke's time in charge but "failed
Read moreLONDON, Sept 28 (Reuters) - British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy. THE SUNDAY TIMES BANKS' 14 BILLION POUNDS PENANCE FOR CREDIT CRISIS SINS The three
Read more* Group settlement may be unveiled this year-sources * Banks face fines of hundreds of millions of pounds each-source * United States authorities not involved in UK talks-sources By Jamie McGeever and Steve Slater LONDON, Sept 26 (Reuters) - Britain's financial regulator h
Read more* EU regulator said to take firm line on defining allowances * Move could curb bonus payouts at London banks * EU officials deny snub to Britain over Commission roles (Adds reaction from EBA, European Commission) By Steve Slater and Robin Emmott LONDON/BRUSSELS, Sept 25
Read moreLONDON, Sept 26 (Reuters) - Britain's Financial Conduct Authority held talks this week with six banks over a coordinated settlement after its investigation into allegations of collusion and manipulation in the global currency market, banking sources told Reuters on Friday. The settlement wo
Read more** UK banks edge higher despite reports of a 2 billion pound ($3.26 billion) settlement over FX rigging. ** Sky News report cites UK banks Barclays, RBS and HSBC as three of the six banks involved in talks. ** All still up marginally for the day by between 0.1 and 0.8 pct, with the n
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