The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreBy Jonathan Stempel NEW YORK, Sept 4 (Reuters) - Thirteen of the world's biggest banks have been accused by an Alaska pension fund of breaking U.S. antitrust and commodities laws by rigging an interest rate benchmark used to price many financial instruments in the $710 trillion derivatives
Read more(Adds ISDA and Markit comments, paragraph 9) By Jonathan Stempel NEW YORK, Sept 4 (Reuters) - A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $
Read moreLONDON, Sept 4 (Reuters) - The operator of the London gold price benchmark said on Thursday it formally started the process to find a new administrator for the century-old mechanism that will halt the telephone call that four institutions enter twice a day in favour of an electronic solution.
Read moreNEW YORK, Sept 4 (Reuters) - A Manhattan federal judge on Thursday narrowed but refused to dismiss a lawsuit accusing 12 major banks of fixing prices and restraining competition in the market for credit default swaps, violating U.S. antitrust law. U.S. District Judge Denise Cote dismissed s
Read moreSept 3 (Reuters) - The Indonesian government raised $1.5 billion worth of Islamic bonds on Tuesday, attracting the largest order book ever achieved for a sovereign sukuk from southeast Asia, the finance ministry said. The 10-year sukuk drew strong investor demand - order books were worth $1
Read moreBy Nate Raymond NEW YORK, Sept 2 (Reuters) - A judge on Tuesday dismissed a lawsuit by the Federal Deposit Insurance Corporation against banks including Deutsche Bank AG and Credit Suisse Group AG over mortgage-backed securities sold before the 2008 financial crisis. U.S. District Jud
Read more(Adds background detail and quotes) By Aimee Donnellan LONDON, Sept 2 (IFR) - HSBC is preparing to sell its debut contingent convertible bond following a global investor roadshow as it seeks to meet new regulatory requirements and replenish its stock of Tier 1 capital. The bank
Read moreFigures released on Tuesday showed that Lloyds was the most complained about bank in the first half of 2014. The financial ombudsman, the authority which is in charge of settling disputes between lenders and their customers, received just over 190,000 complaints between 1 January and 30 June, with
Read moreBy Aimee Donnellan LONDON, Sept 2 (IFR) - HSBC is preparing to sell its debut contingent convertible bond following a global investor roadshow, according to the bank. Europe's largest bank by assets has hired its own investment banking unit as sole bookrunner and coordinator to market
Read more* 191,000 complaints in H1 2014 vs 327,000 H1 2013 * PPI complaints down to 134,000 from 266,000 LONDON, Sept 2 (Reuters) - The number of complaints against British banks fell by nearly 42 percent in the first half of 2014, driven by a decline in the number of cases relating to the mi
Read more- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,858.54 +0.26% FTSE 100 6,825.31 +0.08% FTSE 250 15,957.13 +0.45% Figures showing a manufacturing slowdown in the Eurozone, UK and China capped
Read moreThe increasing number of fines in the banking industry is becoming a growing concern for investors, fund manager Neil Woodford said on Monday. Woodford, who started his own business after quitting Invesco Perpetual last year, on Monday sold his stake in HSBC claiming that "fine inflation" could pre
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