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LONDON, July 25 (Reuters) - British banks are acting too slowly to pay compensation to firms that were mis-sold financial products, Business Secretary Vince Cable said on Thursday, calling for swifter payouts and greater transparency. Banks such as Barclays, HSBC, RBS and Lloyds have been
24 Jul 13 23:01(Corrects lede to clarify McCombe was not offered RBS CEO job) July 24 (Reuters) - BlackRock Inc said its head of Asia Pacific operations, Mark McCombe, spurned an approach regarding the role of chief executive at Royal Bank of Scotland and will remain with the world's largest fund manager
24 Jul 13 14:34July 24 (Reuters) - BlackRock Inc said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group Plc and will remain with the world's largest fund manager. The Financial Times cited sources on Tuesday saying that McCombe, a
24 Jul 13 01:41* Move should encourage competition - Treasury Secretary * Data will enable government to see where action required By Matt Scuffham LONDON, July 23 (Reuters) - Britain's biggest banks have agreed to release data showing how much they lend at a local level, the government said,
23 Jul 13 23:01July 23 (Reuters) - Mark McCombe, the former head of HSBC's Hong Kong operations, has emerged as the external frontrunner for the top job at Royal Bank of Scotland, the Financial Times reported on Tuesday, citing three people close to the process. McCombe is the chairman of fund manager Bl
23 Jul 13 22:30July 22 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. HSBC HOLDINGS PLC The European bank named George Crosby as president of HSBC Private Bank International, based in
22 Jul 13 20:30Royal Bank of Scotland plans to increase its market share by half over the next year in an effort to be a key player in the UK mortgage market, The Guardian reported. The government-backed lender is now granting more than one in 10 new loans. Internet retailers including Ocado, Shop Direct and Bode
22 Jul 13 06:57* Wealth managers' profit growth suffers as costs soar * As much as 100 hours of due diligence commonplace * Number of client rejections on the rise By Sinead Cruise and Chris Vellacott LONDON, July 22 (Reuters) - Private banks managing the financial affairs of the world's
21 Jul 13 23:00* JPMorgan to help devise strategy for Lloyds, RBS shares * U.S. bank will not be paid for initial work -source * Top banks on shortlists for advisor, bookrunner roles * Lloyds sale could start Aug-Sept after share price rally By Steve Slater LONDON, July 19 (Reuters
19 Jul 13 13:40Engineering firm IMI was a high riser on the Footsie on Friday after Citigroup named it a 'Most Preferred' stock. The broker said: "We see further significant margin upside at IMI, driven by both mix and restructuring. A strong balance sheet and yield are both supportive, too." In contrast, techn
19 Jul 13 11:56Investec has downgraded its ratings for banking peer HSBC and RBS from 'buy' to 'hold' in separate research reports, reiterating its preference for rival Barclays. The broker pointed out that HSBC has marginally outperformed the FTSE 100 so far this year and now trades within just 4.0% of its 57-mo
19 Jul 13 11:25Investec has downgraded its ratings for banking peer HSBC and RBS from 'buy' to 'hold' in separate research reports, reiterating its preference for rival Barclays. HSBC Analyst Ian Gordon said that while HSBC is not overtly expensive, consensus forecasts for the dividend have "now caught up with o
19 Jul 13 10:19* LLB accused of aiding wealthy Americans to evade tax * Negotiations centre on LLB's Liechtenstein arm * LLB's Swiss arm excluded from settlement being discussed * Sale of swisspartners on hold ZURICH, July 18 (Reuters) - Liechtenstein's second-largest bank LLB is close t
18 Jul 13 12:56* Big banks get more detailed rules on recovery plans * Regulators shy away from specific capital ratio trigger * FSB says hitting trigger does not mean automatic action By Huw Jones LONDON, July 16 (Reuters) - The world's top banks must spell out what would trigger capita
16 Jul 13 19:00* EBA data shows top earners would bust bonus cap * 2,436 bankers in UK earned 1 mln euros or more in 2011 * Compares with 170 in Germany * Banks already changing how they pay top staff By Huw Jones LONDON, July 15 (Reuters) - More bankers in Britain earned 1 million
15 Jul 13 16:13
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