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UK's Osborne to reduce bank levy, introduce new profits surcharge

LONDON, July 8 (Reuters) - British finance minister George Osborne said on Wednesday he would reduce a bank levy charged on the assets of financial institutions and replace with it with a surcharge on bank profits. "I will, over the next six years, gradually reduce the bank levy rate -- and

LONDON MARKET MIDDAY: Wall Street Seen Down Ahead Of FOMC Minutes

WINNERS & LOSERS SUMMARY: Barclays Shares Rise After CEO's Departure

LONDON MARKET MID-MORNING: Stocks Mixed As China Woes Weigh

London open: Stocks rise ahead of budget, but China and Greece a concern

London stocks bounced slightly on Wednesday after settling at their lowest in nearly six months, though gains were modest as investors focused on a sell-off in China overnight, the upcoming UK budget and news flow on Greece. The FTSE 100 was up 0.38% at 6,456.90 early on, after settling at 6,432.21

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MEDIA-HSBC European equity head David Long said to resign after nine months - Bloomberg

-- Source link: (http://bloom.bg/1HLuoVC) -- Note: Reuters has not verified this story and does not vouch for its accuracy

MEDIA-Sealed HSBC report shows U.S. managers battling cleanup squad -Bloomberg

-- Source link: (http://bloom.bg/1LQsbdk) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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6 HSBC workers fired for mock IS beheading

Six HSBC workers were fired on Monday for pretending to be Islamic State (IS) militants carrying out a beheading. The seven-second video showing a man dressed in an orange jumpsuit and five other men around him, one of them holding a fake knife, was filmed during a team-building exercise and posted

Goldman Sachs expects rethink on bank levy in UK Budget

Ahead of Chancellor George Osborne's Budget on Wednesday, here's a round-up of what Goldman Sachs expects. For UK banks, attention will be focused on any potential reform of the bank levy, as Osborne did not discuss it in his Mansion House speech in June, despite prior speculation. Goldman does not

HSBC fires UK staff over mock execution video

LONDON, July 7 (Reuters) - HSBC has fired UK staff who filmed themselves staging a mock Islamic State-style beheading of a colleague and posted the video online, it said on Tuesday. The employees were on a team building exercise in Birmingham, central England, when they made the film. The s

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UPDATE 1-Tunisia objects to HSBC settlement in Geneva

(Adds comment by attorney representing Tunisia) ZURICH, July 6 (Reuters) - Tunisia has filed an objection to HSBC's agreement to pay 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, a lawyer representing the North African country sa