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LONDON, April 7 (Reuters) - Barclays said it had reached a settlement with a UK care home operator that accused it of mis-selling products linked to benchmark interest rates just weeks before the start of a potentially embarrassing court case for the bank. The case had been seen as a test c
Read more* Closed door hearing May 12 to 19 * Could help EU regulators determine size of fines * EU Commission charged banks last year * EU decision expected next year due to complex case By Foo Yun Chee BRUSSELS, April 7 (Reuters) - Thirteen investment banks, including Citig
Read more(Adds Robert W Baird and Keefe, Bruyette & Woods) April 7 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. KINNEVIK The Swedish investment firm said on Monday it had pi
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LONDON (Alliance News) - The UK's top five banks have become safer over the last five years, but still have work to do to make their balance sheets more resilient, according to a new KPMG report. According to the report, UK banks' total assets reduced by 25% to GBP5.2 trillion in the five y
Read more* FTSE 350 companies seen paying £75.1bn in dividend, highest since 2008 * Banks to drive increase as Lloyds, Barclays resume payouts * Oil and gas biggest payers as shareholders step up demands By Francesco Canepa LONDON, April 7 (Reuters) - Large British-listed companie
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The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read more* ADIB says deal will give it 110,000 customers * Will allow it to expand into serving expat customers * But some high-end customers likely to be reluctant to shift * ADIB shares ease slightly but up 54 pct year-to-date * Barclays to focus on corporate, investment banking,
Read moreDUBAI, April 6 (Reuters) - Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB), ADIB said on Sunday. ADIB, the emirate's largest sharia-compliant lender, said the acquisition was expected to cost 650 million dirhams ($177 mi
Read moreLONDON (Alliance News) - Barclays PLC Friday said Skip McGee, a divisional executive was allotted 26,336 shares at a price of GBP2.3400 per share and 3,63 American Depositary Shares at USD16.37 each.
The company also said a group of executives including Valerie Soranno Keating, a di
* Popular in talks with Citi over Spanish retail unit * Deal could include 45 branches, 300 staff - sources * Barclays also weighing future of Spanish unit - report * Foreign banks face tough competition with local lenders (Adds more details on Citi sale, BBVA's Portuguese rev
Read more* Review to start end of 2015 * Industry says has already made changes in practices * European Parliament back cap on cross border card fees (Adds industry reaction) By Huw Jones and Steve Slater LONDON, April 3 (Reuters) - Britain's financial watchdog will investigate t
Read moreLONDON (Alliance News) - Global stock indices lost a few points, while the euro has risen to a high of the day against the dollar, following the decision by the European Central Bank to leave it's interest rates unchanged. The ECB left its benchmark rate unchanged at 0.25%, leaving markets
Read moreLONDON, April 3 (Reuters) - Britain's financial watchdog said it would launch a competition review into the 150 billion pound ($250 billion) credit card market to assess if people in financial trouble are being treated fairly. The Financial Conduct Authority said on Thursday 30 million Brit
Read moreApril 2 (Reuters) - RBC Wealth Management said it had hired an international financial adviser from Barclays Bank. Ileana Platt, who joined RBC Wealth's International Advisor Group-USA in March, is based at the company's Miami office. She will work with high net worth clients who have
Read moreLONDON, April 2 (Reuters) - Britain's top banking supervisor said on Wednesday he wants most of a banker's bonus deferred for longer than the current average of three years. "I would like to see deferral increased," Andrew Bailey, Bank of England Deputy Governor and chief executive of its P
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