* EU financial services chief fast-tracks response * UK bankers say pay is shareholder, not political matter * Britain takes bonus legal challenge to top EU court (Adds watchdog, banker reaction, background) By Huw Jones LONDON, Sept 8 (Reuters) - Banks use of so-called
Read moreThe FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read more* Atlas Mara buys UBN stake for $270 million * Brings total stake to 29.9 percent * UBN formerly owned by Barclays (Adds company confirmation, comments from management) By Chijioke Ohuocha and Steve Slater LAGOS/LONDON, Sept 5 (Reuters) - Atlas Mara, the African investme
Read more* Barclays is first bank to use finger scanner for big accounts * Expects strong take-up from its 30,000 large corporate clients * Will also roll out voice recognition for retail clients By Steve Slater and Matt Scuffham LONDON, Sept 5 (Reuters) - Barclays is launching a f
Read moreBy Jonathan Stempel NEW YORK, Sept 4 (Reuters) - Thirteen of the world's biggest banks have been accused by an Alaska pension fund of breaking U.S. antitrust and commodities laws by rigging an interest rate benchmark used to price many financial instruments in the $710 trillion derivatives
Read more(Adds ISDA and Markit comments, paragraph 9) By Jonathan Stempel NEW YORK, Sept 4 (Reuters) - A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $
Read moreLONDON, Sept 4 (Reuters) - The operator of the London gold price benchmark said on Thursday it formally started the process to find a new administrator for the century-old mechanism that will halt the telephone call that four institutions enter twice a day in favour of an electronic solution.
Read moreNEW YORK, Sept 4 (Reuters) - A Manhattan federal judge on Thursday narrowed but refused to dismiss a lawsuit accusing 12 major banks of fixing prices and restraining competition in the market for credit default swaps, violating U.S. antitrust law. U.S. District Judge Denise Cote dismissed s
Read moreSept 4 (Reuters) - Asset manager Falcon Private Wealth Ltd said it appointed Francis Wood senior adviser for West Africa. Wood was most recently at Barclays Plc as West Africa regional team leader. Wood has also worked at Merrill Lynch, Lehman Brothers and Credit Suisse.
Read moreLONDON, Sept 4 (Reuters) - Over three quarters of FTSE 100 companies have changed pay arrangements in the past year in response to new disclosure rules and increasing scrutiny from shareholders, a study has found. A Deloitte report published on Thursday showed that many firms are seeking to
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