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Mon, 16th Jul 2012 15:16
(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage.
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July 20 (Reuters) - Barclays has hired Scott Schulte as its new head of U.S. investment-grade debt syndicate desk, sources familiar with the matter said.
Read moreNEW YORK, July 20 (Reuters) - A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a criminal probe into foreign exchange price fixing after firing him.
Read moreLONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.
Read moreLONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.
Read more(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.
Read moreLONDON, July 17 (Reuters) - British Prime Minister Rishi Sunak will hold the first meeting of his new business council on Tuesday, in a bid to support his pledge to grow the economy and fend off attempts by the opposition Labour Party to win over the business community.
Read moreMILAN, July 17 (Reuters) - Banco BPM shares rose as much as 2.7% on Monday after Italy's third-largest bank said it would sell 71.6% of its card and shopowner payments operations to private equity fund FSI for 500 million euros ($561 million) in cash and shares.
Read moreZURICH, July 17 (Reuters) - Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.
Read moreZURICH, July 17 (Reuters) - Richemont reported weaker than expected sales during its first quarter as the world's second biggest luxury group continued to see strong demand for its high-end jewellery.
Read moreNEW YORK, July 14 (Reuters) - The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein's sex trafficking.
Read more(Alliance News) - Barclays PLC is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to a Bloomberg report on Thursday.
Read moreSTOXX 600 up for fourth straight session
*Read more(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence.
Read moreLONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.
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