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(Updates with reasons for potential sale) By Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.<
Read more(Repeats with no change to text) By Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter. Bar
Read moreBy Dinesh Nair DUBAI, Aug 13 (Reuters) - Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter. Barclays, Britain's third-largest bank, co
Read more* IRS argues "economic substance" in STARS tax disputes * Obama's 2010 healthcare overhaul gave IRS legal boost * Major banks take on tax agency over Barclays dealings By Patrick Temple-West and Kevin Drawbaugh WASHINGTON, Aug 11 (Reuters) - A sharp tool in the U.S. govern
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European banks need to cut 3.2trn euros in assets by 2018 in order to comply with the Basel III regulations. The largest financial institutions need to shed €661bn in assets and come up with €47bn in capital, while smaller banks would be required to remove €2.6trn from their balance sheets, accordi
Read moreThe Co-operative Bank's fund managers are stepping up their fight over unpaid bonuses last year, the latest hurdle for the bank as it tries to tackle its creaking finances, The Times reported. Bank of England Governor Mark Carney's vow to keep interest rates at 0.5% until the jobless total drops to
Read moreBy Sarah White MADERUELO, Spain, Aug 11 (Reuters) - A queue of pensioners waits to board a brown and green bus in the medieval village of Maderuelo on Spain's arid central plains. It only comes once a month and won't take them anywhere, but they're mostly happy with the service. The b
Read moreLONDON, Aug 11 (Reuters) - Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008. Last year's cuts come after 7,200 branches were axed in 20
Read more* IRS argues "economic substance" in STARS tax disputes * Obama's 2010 healthcare overhaul gave IRS legal boost * Major banks take on tax agency over Barclays dealings By Patrick Temple-West and Kevin Drawbaugh WASHINGTON, Aug 11 (Reuters) - A sharp tool in the U.S. govern
Read moreBy Sarah White MADERUELO, Spain, Aug 11 (Reuters) - A queue of pensioners waits to board a brown and green bus in the medieval village of Maderuelo on Spain's arid central plains. It only comes once a month and won't take them anywhere, but they're mostly happy with the service. The b
Read moreLONDON, Aug 11 (Reuters) - Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008. Last year's cuts come after 7,200 branches were axed in 20
Read moreMarkets rallied strongly on Friday as economic data from the world's top metals consumer, China, sparked some impressive gains in the heavyweight mining sector. A day after trade figures came in ahead of expectations, the outlook for China brightened further with strong industrial production figure
Read moreBy Steve Slater LONDON, Aug 9 (Reuters) - European banks redoubled their commitment to raise dividends this results season, determined to demonstrate to investors that they have put the financial crisis behind them. The ability to pay a dividend has become a badge of honour among bank
Read moreResidential Mortgage Securities 20 PLC
Read moreLONDON, Aug 8 (Reuters) - The Bank of England needs to ensure that Britain's banks change their culture and further strengthen their financial safety nets, new governor Mark Carney said on Thursday. "Governor (Mervyn) King and his colleagues made tremendous progress on improving the balance
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