By Tom Hals and Karen Pierog Nov 18 (Reuters) - Detroit could end up paying almost twice as much in interest as previously disclosed on a $350 million loan arranged by Barclays Capital, according to a fee letter made public on Monday after a judge ordered it unsealed last week. U.S. J
Read more(Changes the rapid market share expansion under Spawn to Las Vegas, not Houston) NEW YORK, Nov 18 (Reuters) - RBC Wealth Management, the U.S. brokerage operation of Royal Bank of Canada, has hired two managers from large competitors to run branch complexes on the East and West coasts of the
Read moreLONDON, Nov 18 (Reuters) - Britain needs to overhaul its regulatory approval process for bankers as problems at mutual Co-operative Bank highlighted the past process was "a bureaucratic box-ticking exercise", a leading lawmaker said. The former chairman of Britain's troubled Co-operative Ba
Read more- Aberdeen leads financials higher after SWIP purchase - Petrofac plummets on cautious outlook - Fed speculation ramps up ahead of FOMC minutes techMARK 2,653.19 +0.15% FTSE 100 6,723.46 +0.45% FTSE 250 15,290.48 +0.29% UK markets posted decent gains on Monday with the financial sectors providing
Read moreBy Aruna Viswanatha WASHINGTON, Nov 18 (Reuters) - A top U.S. Justice Department official said on Monday that the department will give no leniency to financial institutions that repeatedly break the law, in a sign that banks under investigation for possible currency manipulation could face
Read moreAberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP). The fund management group said that it would buy SWIP from Lloyds for £550
Read more- Aberdeen rockets after acquisition of SWIP, results - Petrofac plummets after cautious guidance - FOMC minutes and China reforms in focus techMARK 2,647.58 -0.06% FTSE 100 6,721.15 +0.41% FTSE 250 15,272.88 +0.17% After a subdued start, UK markets pushed into positive territory by Monday lunchti
Read moreBy Dinesh Nair DUBAI, Nov 18 (Reuters) - The regulator of Dubai's tax-free financial center has sued Deutsche Bank, claiming that the German lender unlawfully refused to provide information as part of an investigation into alleged breaches of its rules. The filing is a rare step for t
Read moreBy Arno Schuetze and Soyoung Kim FRANKFURT/NEW YORK, Nov 15 (Reuters) - U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1
Read more* UK bank attracts US$10bn of orders for Additional Tier 1 bond * European issuers look to put dent in EUR600bn capital pile * Market praises Barclays for careful execution By Aimee Donnellan LONDON, Nov 15 (IFR) - A high-risk jumbo CoCo sold by Barclays this week has reve
Read moreLONDON, Nov 15 (Reuters) - Brazilian investment bank Grupo BTG Pactual SA has hired two former Barclays Plc and Goldman Sachs Group Inc traders to manage its energy funds at the company's London office, a source at the firm said on Friday. Nima Neelakandan, previously head of emissions tra
Read moreLONDON, Nov 15 (Reuters) - An Irish developer is reviving plans to build Europe's tallest residential tower in London's Canary Wharf financial district, after it bought the stalled site for 100 million pounds ($160 million). The site, which sits on Canary Wharf's north-west corner, was sold
Read moreBarclays will make 1,700 of its branch staff redundant as it scrambles to boost returns. Five per cent of employees in the 33,600-strong retail network will lose their jobs next year, staff were told last night in a conference call to the 1,577 branches. Barclays said it was making the cuts as fewer
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