LONDON, Feb 19 (Reuters) - OakNorth Bank, a new British banking venture, plans to open for business this summer, offering finance to small businesses and savings products to retail customers, it said on Thursday. OakNorth will join a number of new entrants to the industry, looking to challe
Read moreLONDON, Feb 19 (Reuters) - Britain's financial watchdog will launch its first review of competition in investment banking and corporate banking services, saying the benefits of improvements could be high. "Within this market study, we will focus on the impact of transparency and bundling on
Read moreZURICH, Feb 18 (Reuters) - Herve Falciani, the former HSBC employee who supplied information on the bank's clients and their tax situation, said he was willing to return to Switzerland to stand trial if he was given assurances that he would not face immediate arrest. Geneva's public prosec
Read more* Geneva prosecutor opens inquiry into HSBC tax allegations * HSBC's Geneva premises searched * Adds to inquiries into HSBC Swiss bank allegations
Read moreInvestors should be wary of yesterday's surge in the shares of oil field services group Wood Group. The company reported a strong set of figures despite the recent drop in oil prices. However, one must keep in mind that most of that decline occurred towards the end of the year. That flattered the ou
Read more* Law firm Slater & Gordon will lead case * Action follows publication of new information * FCA says scheme was 'quick, efficient and fair' By Matt Scuffham LONDON, Feb 18 (Reuters) - A campaign group will seek a judicial review of the process for compensating small busine
Read moreHSBC's Swiss arm was searched by prosecutors on Wednesday as part of a new money-laundering investigation, amid reports the bank helped clients dodge significant amounts of tax but hiding funds overseas. Officials swarmed the Geneva-based premises after a money-laundering investigation was launched
Read moreZURICH, Feb 18 (Reuters) - A Swiss prosecutor said on Wednesday it is ordering a search of HSBC Holdings PLC in Geneva and opening an inquiry into allegations of aggravated money-laundering. "A search is currently underway in the premises of the bank, led by Attorney General Olivier Jornot
Read moreThe world's largest offshore windfarm project expected to cost between £6bn and £8bn has been approved for construction off the Yorkshire coast by the UK's energy secretary, The Guardian said. Greece is prepared to request a bailout extension of up to six months, after a long day of negotiations on
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