DUBAI/KUALA LUMPUR, March 12 (Reuters) - Malaysia has hired three lenders to manage the issuance of a sovereign Islamic bond, or sukuk, of up to $2 billion, according to two sources with knowledge of the deal. The banks are CIMB Group Holdings Bhd, HSBC Holdings Plc and Standard Chartered B
Read moreLONDON, March 12 (Reuters) - Allowing customers to keep their bank account number would encourage them to switch to a rival lender, Britain's financial regulator said on Thursday. Banks have said account number "portability" would be costly but the Financial Conduct Authority has backed the
Read moreBy Huw Jones LONDON, March 11 (Reuters) - It will take another five years or more to make real inroads into the dominance of Britain's five biggest banks, a senior Bank of England official said on Wednesday. Two years ago the government and regulators made it easier for new entrants t
Read moreBy Nate Raymond NEW YORK, March 10 (Reuters) - Lawyers pursuing an antitrust lawsuit by investors accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market agreed to put most of the litigation on hold amid a related criminal probe by the U.S. Department of
Read more* Committee recommends independent oversight of review * Says FCA must demonstrate process credible * Says Treasury can require work to be done (Adds further comments from Committee chairman) By Matt Scuffham LONDON, March 10 (Reuters) - Britain's financial regulator sho
Read moreFRANKFURT, March 10 (Reuters) - German engineering group Voith is launching the sale of its industrial services business in a potential 350 million euro ($375 million) deal, two people familiar with the matter said. The unlisted group is seeking to catch up with a rapid technological shift
Read moreLONDON, March 10 (Reuters) - Britain's financial regulator should review a scheme it set up to enable customers mis-sold complex hedging products to seek compensation to ensure it didn't favour banks, an influential committee of lawmakers said. The Treasury Committee, which monitors Britain
Read moreRecent strength in US interest rates, together with opportunities to streamline some of its less profitable operations, should act as catalysts for shares in the world's local bank, HSBC. That was the opinion of analysts at Goldman Sachs who upgraded their view on shares of HSBC to 'buy' from 'neutr
Read moreRecent strength in US interest rates, together with opportunities to streamline some of its less profitable operations, should act as catalysts for shares in the world's local bank, HSBC. That was the opinion of analysts at Goldman Sachs who upgraded their view on shares of HSBC to 'buy' from 'neutr
Read morePresent chief executive of Britain's Prudential Insurance Group has been lined up to replace Brady Dougan as leader of Credit Suisse, the Financial Times reported. BBC Trust chair Rona Fairhead has been told she should resign after her involvement in the HSBC tax avoidance scandal was revealed to th
Read more(Adds background on charges, other probes, quotes from Argentine official and HSBC) BUENOS AIRES/LONDON, March 9 (Reuters) - Argentina wants HSBC Holdings Plc to repatriate $3.5 billion that it says the bank's Argentine branch moved offshore to help clients evade taxes and move capital abro
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