London's blue chip stocks were holding slightly lower come midday ahead of the release of the latest figures on personal income and spending Stateside, as traders kept an eye on recent events in Hong Kong. That comes in what is expected to be a very busy week both at home and abroad in terms of econ
Read more(Adds detail) ZURICH, Sept 29 (Reuters) - Switzerland's UBS has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. The terms proposed in the talks included
Read more** Asian-focussed banks HSBC and Standard Chartered among top fallers on FTSE 100 as Hong Kong protests exacerbate recent weakness. ** StanChart shares, down 1.7 pct, hit their lowest level since the Aug 2012 plunge on the back of allegations of money laundering. ** HSBC off 1.5%. Bo
Read moreThe whistleblower who alerted Tesco to its accounting problem tried to do so before but was ignored, the Sunday Times reported. The accountant, reporting to Tesco's UK Finance Director, Carl Rogberg, raised concerns with superiors during ex-chief executive Philip Clarke's time in charge but "failed
Read moreLONDON, Sept 28 (Reuters) - British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy. THE SUNDAY TIMES BANKS' 14 BILLION POUNDS PENANCE FOR CREDIT CRISIS SINS The three
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Read more* Group settlement may be unveiled this year-sources * Banks face fines of hundreds of millions of pounds each-source * United States authorities not involved in UK talks-sources By Jamie McGeever and Steve Slater LONDON, Sept 26 (Reuters) - Britain's financial regulator h
Read more* EU regulator said to take firm line on defining allowances * Move could curb bonus payouts at London banks * EU officials deny snub to Britain over Commission roles (Adds reaction from EBA, European Commission) By Steve Slater and Robin Emmott LONDON/BRUSSELS, Sept 25
Read moreLONDON, Sept 26 (Reuters) - Britain's Financial Conduct Authority held talks this week with six banks over a coordinated settlement after its investigation into allegations of collusion and manipulation in the global currency market, banking sources told Reuters on Friday. The settlement wo
Read more** UK banks edge higher despite reports of a 2 billion pound ($3.26 billion) settlement over FX rigging. ** Sky News report cites UK banks Barclays, RBS and HSBC as three of the six banks involved in talks. ** All still up marginally for the day by between 0.1 and 0.8 pct, with the n
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Read moreLONDON, Sept 25 (Reuters) - Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5 percent, the country's financial watchdog said on Thursday. The most complained about product was payment protection insuran
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