(Adds background) By Jamie McGeever LONDON, Oct 20 (Reuters) - Two senior London-based currency traders at Dutch lender Rabobank have left the bank after an internal investigation into the bank's currency-trading practices, a Rabobank official familiar with the matter said on Monday.<
Read moreBritain's banks are becoming more like utilities as they focus on traditional retail banking rather than "casino" investment banking after the financial crisis, according to broker Brewin Dolphin. The banks are increasingly adopting characteristics common among defensive stocks like utilities, such
Read more(Adds more detail from speech) By Huw Jones LONDON, Oct 20 (Reuters) - Banks may have to cut pay because they are unlikely to see again the high rate of returns they enjoyed before the financial crisis, Bank of England Deputy Governor Jon Cunliffe said on Monday. Returns on equi
Read moreLONDON, Oct 20 (Reuters) - Banks may have to cut pay because they are unlikely to see again the high rate of returns they enjoyed before the financial crisis, Bank of England Deputy Governor Jon Cunliffe said on Monday. Banks saw returns on equity (RoE) of 20 percent or more in before the 2
Read moreAfrican Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreThe investigation into Tesco's £250m profit overstatement has found "inappropriate" behaviour largely confined to the first half of this year, the Sunday Times reported. The supermarket group is expected to say on 23 October that it will not have to restate previous years' results. The paper said th
Read more(Adds lead banks in last paragraph) By Lianting Tu SINGAPORE, Oct 17 (IFR) - Bank of China braved a weak market this week to sell a landmark US$6.5bn offering of Basel III-compliant Additional Tier 1 preference shares and, with it, open the door to a new asset class for China. T
Read more(Refiles to fix erroneous coding) By Lianting Tu SINGAPORE, Oct 14 (IFR) - The United Kingdom government has released price guidance on a debut three-year offshore renminbi bond at a yield in the area of 2.9%. The move follows an investor presentation in London yesterday by off
Read moreLONDON, Oct 17 (Reuters) - The UK Debt Management Office named four banks as bookrunners for the sale next week via syndication of several billion pounds worth of Britain's longest-dated conventional gilt, which matures in 2068. Bank of America, HSBC, RBS and Societe Generale will act as jo
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