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MADRID, April 16 (Reuters) - Global benchmark interest rates should be based on actual transactions rather than estimates, the top global securities regulatory body said on Tuesday, after a spate of rate-rigging scandals. The International Organisation of Securities Commissions (IOSCO) also
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Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the ma
Read moreLONDON, April 16 (Reuters) - Bank credit is now more popular with big companies in Britain than at any point in the past five years, a survey showed on Tuesday, suggesting an easing in what many see as a major brake on the economy. The Bank of England and politicians say a lack of bank lend
Read more* Thermo Fisher in $13.6 bln Life Tech takeover * Dish Network bids for Sprint Nextel * U.S. CEOs pursue large deals for growth, cost cuts * Barclays No. 3 global M&A adviser, JPMorgan tops league table By Soyoung Kim NEW YORK, April 15 (Reuters) - The more than $52
Read more* Fitch calls this a "stop-gap measure" * Move is part of home goods dept revamp * Exploring capital-raising options with advisors * No impact on ratings, outlook-S&P * Stock ends slightly lower By Martinne Geller April 15 (Reuters) - J.C. Penney Co Inc has bor
Read more* Thermo Fisher to pay $76 per share, a 12 percent premium * Thermo Fisher to assume Life Tech's net debt of $2.2 billion * Life Tech shares up 7.5 percent; Thermo Fisher up 1.1 percent By Bill Berkrot and Susan Kelly April 15 (Reuters) - Thermo Fisher Scientific Inc on Mo
Read moreLONDON, April 15 (Reuters) - Britain's biggest retail bank Lloyds received more complaints than any of its rivals in the second half of 2012, data published by the UK's financial regulator showed on Monday. The Financial Conduct Authority said overall complaints across the industry rose by
Read moreBy John McCrank NEW YORK, April 12 (Reuters) - Asset managers have been slow to set up accounts with clearing houses for over-the-counter derivatives ahead of a mandatory deadline, creating a nearly unmanageable backlog that could leave many firms unable to trade, industry participants said
Read moreWASHINGTON, April 12 (Reuters) - Europe's competition authority should have its first decisions by the end of the year in an investigation of alleged manipulation of key international interest rates, EU Competition Chief Joaquin Almunia said on Friday. Regulators in Europe, the United State
Read moreBy David Milliken LONDON, April 12 (Reuters) - Britain's banks are less willing than before the financial crisis to take the risk of lending to small businesses, a government-commissioned research report said on Friday. Small business lending is a sensitive political topic in Britain.
Read more* Full roll-out planned for 2014 * Service to be offered at over 11,500 branches * Lawmakers, regulators pushing for more competition * Britain's 'big 5' banks dominate current account market By Matt Scuffham LONDON, April 11 (Reuters) - The Post Office will provide
Read more* Full roll-out planned for 2014 * Service to be offered at over 11,500 branches * Lawmakers, regulators pushing for more competition * Britain's 'big 5' banks dominate current account market By Matt Scuffham LONDON, April 11 (Reuters) - The Post Office will provide
Read more* More than 100 people got Fed minutes a day early * Fed says not sure if anyone traded on information * Incident marks rare lapse on sensitive Fed communications By Alister Bull WASHINGTON, April 10 (Reuters) - The Federal Reserve launched an investigation on Wednesday in
Read more* FCA tells banks can't rely on "buyer beware" defence * Regulator taps behavioural economics for first time in UK * Lawyer says speech marks key shift in regulation in Britain By Huw Jones LONDON, April 10 (Reuters) - Britain's new watchdog announced sweeping changes in f
Read more* Bank Commission MP Garnier calls for tougher action * Garnier says bankers must be held 'personally accountable' * PM Cameron says HBOS pensions an issue for individuals * Bank Commission MPs to publish final report in May By Matt Scuffham LONDON, April 10 (Reuters
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