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LONDON, Aug 28 (Reuters) - Britain's eight top lenders can cut their cash buffers by a collective 90 billion pounds ($140 billion) to help economic growth, the Prudential Regulation Authority said on Wednesday. The Bank of England based PRA said in a statement it was implementing a policy d
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Britain cannot stand idly by in the face of the morally indefensible use of chemical weapons, David Cameron said yesterday, as he laid out the case for a missile strike against Syria. The White House is preparing intelligence material, including intercepted communications, which it says will prove t
Read moreSYDNEY, Aug 28 (Reuters) - Daniel Janes, the Australia co-head of investment banking for Barclays PLC, has resigned according to an internal memo obtained by Reuters, the latest high profile departure from the UK bank. Janes stepped down to "pursue new challenges" and his co-head, Tim Lindl
Read moreBy Shihar Aneez and Umesh Desai COLOMBO/HONG KONG, Aug 26 (Reuters) - Sri Lanka's state-run National Savings Bank (NSB) plans to raise a minimum $500 million through the sale of a likely five-year bond with a target yield around 7 percent, sources close to the deal told Reuters on Monday.
Read moreCOLOMBO, Aug 26 (Reuters) - Sri Lanka's state-run National Savings Bank (NSB) plans to raise a minimum $500 million through the sale of a likely five-year bond with a target yield around 7 percent, sources close to the deal told Reuters on Monday. The final decision on size of the bond an
Read more* "You hit me, I hit you," Mugabe warns critics in West * Says UK, U.S. companies could face "tit-for-tat" action * Mugabe, 89, and ZANU-PF party are sanctions targets By MacDonald Dzirutwe HARARE, Aug 25 (Reuters) - Zimbabwean President Robert Mugabe threatened "tit-for-t
Read moreHARARE, Aug 25 (Reuters) - Zimbabwe President Robert Mugabe threatened on Sunday to retaliate "tit for tat" against companies from Britain and the United States if these Western powers persisted in pressuring his government with sanctions and what he called "harassment". "They should not co
Read moreEquities moved moderately higher on the second to last Friday of the summer despite economic figures out in the afternoon which revealed a far larger than expected fall in new US home sales. Somewhat ironically, at least for now that won equity markets a small reprieve from the recent incessant cl
Read more* Bankers hail SG Tier 1 as key litmus test * French SIFI opts for simple structure, low trigger * Investor take-up considered key marker of success By Aimee Donnellan LONDON, Aug 23 (IFR) - Societe Generale is meeting investors in Asia and Europe next week to market the f
Read moreUpwards revisions to UK economic growth in the second quarter gave stocks a bit of a boost on Friday morning, though gains were limited as investors scaled back risk appetite ahead of a long three-day weekend. UK gross domestic product (GDP) growth in the second quarter is now said to have been 0.7
Read moreIt was a subdued start for equity markets in London on Friday with the FTSE 100 opening broadly flat as investors adopted a cautious approach going into the long weekend. Stocks were pausing for breath early on after a strong rise the day before on the back of improving economic data from across th
Read more* Banks' commodities staff fall 21 pct to around 2,300 * Commodity revenue down 20 pct in H1, estimate revised * BNP Paribas replaces RBS in top 10 investment bank list LONDON, Aug 22 (Reuters) - Headcount in commodities units of the top 10 investment banks has slid by a fifth o
Read moreAug 22 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. BARCLAYS PLC The British bank appointed Jeff Deck as country head for Australia and New Zealand, replacing Cynthi
Read more* Analyst sees no big impact on earnings, capital * First payments not expected until spring 2014 * Part of wider crackdown on insurance sales tactics * CPP shares down more than 20 pct (Adds reaction, details, CPP share price) By Huw Jones LONDON, Aug 22 (Reuters)
Read moreSome of the UK's biggest banks are to pay compensation to some seven million customers after mis-selling credit card and ID theft insurance cover. Customers will receive up to £300 each, with the total bill coming to £1.3bn. The insurance was mis-sold because in most cases it was already provide
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