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LONDON (Alliance News) - HSBC Holdings PLC Wednesday said one of its subsidiaries has agreed to sell its banking business in India to Doha Bank QSC, with the transaction expected to complete in the second-half. HSBC Bank Oman SAOG, an indirect 51%-owned subsidiary of HSBC Holdings, has made
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(Repeats story published on April 13 with no changes to text) By Laura Noonan and Joshua Franklin LONDON, April 13 (Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite th
Read moreBy Laura Noonan and Joshua Franklin LONDON, April 13 (Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery. Spurred into action by
Read moreLONDON (Alliance News) - HSBC Holdings PLC Friday said non-executive Director Rachel Lomax bought 8,000 shares at a price of GBP6.215 each Thursday, which represents her only holding in the company. Shares in the financial services company closed at 617.60 pence down 0.2% Friday. By A
Read more* Number of customers switching increased by 14 percent * New rules part of measures to increase competition LONDON, April 11 (Reuters) - New rules making it easier for Britons to switch banks resulted in a 14 percent increase in the number of customers moving accounts in the six mont
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The Financial Conduct Authority (FCA) has proposed working with the competition regulator to ensure banks' overdraft mechanisms and fees are fairer. As overdraft fees generate a third of the revenue from personal account banking in Britain, the prospect of the financial watchdog imposing changes c
Read moreBy Huw Jones LONDON, April 10 (Reuters) - Britain's financial watchdog may impose changes in how banks treat overdrawn customers after its research showed people are paying too much when they go into the red. Banking fees have become politically charged, with lawmakers and the governm
Read more* 598.4 million pounds paid out by banks at end March * 4 billion pounds has been set aside by 'Big 4' banks * Some firms taking legal action for consequential losses * Consequential loss bill could be 6 bln stg -Claims Firm * Average payout falls to 131,000 pounds/case
Read more- FTSE 100 at lowest since March 24th - Ukraine tensions flare up - US stocks fall ahead of Q1 earnings season - Sports Direct sinks on Ashley share sale, grocers fall techMARK 2,697.79 -1.18% FTSE 100 6,559.14 -0.96% FTSE 250 16,015.95 -1.52% UK stocks fell one per cent by Tuesday lunchtime, tra
Read moreBritain's biggest banks have so far paid around 600m pounds for mis-selling interest rate hedging products, according to the UK's Financial Conduct Authority (FCA). The banks have set aside £4bn to compensate small firms. Banks including Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Gr
Read moreHONG KONG, April 8 (Reuters) - Citigroup Inc said it will close almost one third of its branches in Korea, becoming the third global bank to trim its presence in the country in the last year amid rising costs and intense competition. Citi will shut 56 out of 190 branches as it concentrates
Read more(Adds cenbank head comments) COLOMBO, April 8 (Reuters) - Sri Lanka sold a $500 million, five-year sovereign bond at a yield of 5.125 percent, the island nation's central bank said on Tuesday. It was the second eurobond the $67 billion economy sold this year. In January, it sold $1 bi
Read moreAPI Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreLONDON, April 8 (Reuters) - Britain's biggest banks have so far paid out less than 600 million pounds ($997 million) from more than 4 billion pounds set aside to compensate small firms mis-sold complex interest rate hedging products. The Financial Conduct Authority said banks including Barc
Read moreCOLOMBO, April 8 (Reuters) - Sri Lanka sold a $500 million, five-year sovereign bond at a yield of 5.125 percent, the island nation's central bank said on Tuesday. It was the second eurobond the $67 billion economy sold this year. In January, it sold $1 billion, five-year sovereign bond at
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