LONDON, May 19 (Reuters) - HSBC is to start charging other banks for depositing money in currencies of countries that have negative interest rates. Europe's biggest bank will join a number of other U.S. and European banks to charge their peers for holding deposits - effectively passing on
Read moreUK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:40GMT, the FTSE 100 was trading 28 points higher a
Read more-- Source link: (http://on.ft.com/1FlLgjt) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreBernstein downgraded HSBC to 'market perform' from 'outperform' and cut its target price to 650p from 660p. It noted that since the beginning of the year, HSBC has struggled with its top line performance, with muted credit demand and currency headwinds year-on-year, as well as an ever-increasing UK
Read more(Refiles to edit headline) * Ex-regulator Sants to lead review of UK competitiveness * Banks move operations out of UK, deferring investment -BBA By Thomas Atkins and Anjuli Davies FRANKFURT/LONDON, May 19 (Reuters) - A number of banks have put off possible investments in
Read moreLONDON, May 19 (Reuters) - The British Bankers' Association (BBA) said former top regulator Hector Sants will lead a review of Britain's competitiveness on behalf of the banking industry, ahead of a UK referendum on its membership of the European Union. BBA Chief Executive Anthony Browne sa
Read more* PPI complaints fall to 205,000 from 400,000 year before * Banks have so far set aside 26 bln stg for compensation LONDON, May 19 (Reuters) - Complaints to Britain's financial ombudsman about the mis-selling of loan insurance nearly halved in the past year, suggesting a scandal that
Read moreLONDON, May 18 (Reuters) - International coordination will be needed to deal with any negative effects of national attempts to snuff out asset bubbles, top financial firms said in a World Economic Forum paper. Asset manager BlackRock, HSBC bank, insurer Generali and others said in the WEF p
Read more* ShareAction study finds wide spread in voting patterns * Some backed managements most times in "controversial" votes * Fund firms fight back, say company engagement crucial By Simon Jessop and Sinead Cruise LONDON, May 18 (Reuters) - Some asset managers sided with compan
Read more