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(Adds HSBC comment)By Huw Jones and Iain WithersLONDON, Jan 28 (Reuters) - Britain's financial watchdog on Thursday told banks to rethink planned branch closures during the coronavirus lockdown in a warning to lenders seeking drastic cuts to patch...
Read more(Adds more detail)LONDON, Jan 28 (Reuters) - Britain's financial watchdog on Thursday told banks to rethink planned branch closures in a warning to lenders seeking drastic cuts to patch up pandemic-dented finances.The Financial Conduct Authority (...
Read moreBy Arno Schuetze and Pamela BarbagliaFRANKFURT, Jan 27 (Reuters) - European private equity firm Charterhouse has kicked off the sale of drugmaker Cooperation Pharmaceutique Française as it seeks to capitalise on investor appetite for pandemic-resi...
Read moreLONDON, Jan 27 (Reuters) - Britain said on Wednesday it had picked HSBC and J.P. Morgan to advise on the issuance of the country's first 'green' government bond due later this year, after a tendering process.Finance minister Rishi Sunak said on Tu...
Read more(Adds more detail on mortgages, consumer credit)By Huw JonesLONDON, Jan 27 (Reuters) - Britain will look into raising the limit on contactless payments from 45 pounds to 100 pounds ($137) to keep pace with a change in spending habits during the co...
Read moreLONDON, Jan 27 (Reuters) - Britain's Financial Conduct Authority said on Wednesday it will consult on raising the limit on contactless payments from 45 pounds to 100 pounds ($62-$137) following a rise in such payments since the pandemic unfolded."...
Read moreBy Huw JonesLONDON, Jan 26 (Reuters) - A "big bang" end for interest rate benchmark Libor in December this year could leave banks and their customers struggling to switch trillions of dollars worth of transactions to an alternative, bankers said o...
Read more(Recasts, adds details)By Lawrence White and Iain WithersLONDON, Jan 26 (Reuters) - HSBC is "aiding and abetting one of the biggest crackdowns on democracy in the world", British lawmaker Chris Bryant told the bank's chief executive Noel Quinn on ...
Read moreBy Lawrence White and Iain WithersLONDON, Jan 26 (Reuters) - HSBC is "not in a position to judge the motives" of Hong Kong police, Chief Executive Noel Quinn told British lawmakers questioning him over the lender's freezing of bank accounts of pro...
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EXECUTIVE CHANGES: New CEOs At Minds + Machines And ULS Technologies
Read moreJan 23 (Reuters) - Rory McIlroy leapfrogged Tyyrell Hatton to reclaim a one-shot lead after the third round of the Abu Dhabi HSBC Championship, carding 67 to go 13-under overall on Saturday.McIlroy, the world number six, was five shots off overnight ...
Read moreLONDON, Jan 21 (Reuters) - British lenders expect demand for mortgages to buy houses to fall slightly over the coming months but there will be more appetite for credit card borrowing and demand from medium and larger companies, a Bank of England ...
Read moreBy Iain Withers and Lawrence WhiteLONDON, Jan 20 (Reuters) - HSBC plans to cut up to 340 manager jobs as part of a shake-up of its branch network in Britain, a source familiar with the matter told Reuters.The bank announced on Tuesday it was axing ...
Read moreLONDON MARKET MIDDAY: Buoyant Mood Ahead Of Biden Inauguration In US
Read more* Ring-fenced units excluded from 2021 test* Virgin Money UK to participate in test* Aggregate results published in the summer* Bank-by-bank results due in fourth quarter (Adds more detail on test, participants, graphic)By Huw JonesLONDON, Jan 20 (R...
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