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LONDON, Jan 16 (Reuters) - Britain's former top financial industry regulator Hector Sants, who resigned from Barclays in November citing stress and exhaustion, will lead a new financial taskforce set up by the head of the Anglican Church. The Archbishop of Canterbury, Justin Welby, said on
Read more* 17 pct rise in switching year-on-year in fourth quarter * New rules ensure customers can move lender in 7 days LONDON, Jan 16 (Reuters) - New rules making it easier for Britons to switch banks resulted in a 17 percent rise in the number of customers moving accounts in the fourth qua
Read more* UK to consider deferring bonuses beyond 5 years * Parliamentary commission recommends 10-year deferral * Carney: how, rather than amount, bankers paid is crucial LONDON, Jan 15 (Reuters) - British bank regulators will look at the possibility of deferring bankers' bonus payment
Read moreLONDON, Jan 15 (Reuters) - Bank of England Governor Mark Carney and other members of the Bank's Financial Policy Committee appeared before the Treasury Select Committee in Britain's parliament on Wednesday. Highlights of their comments are below. ON THE BASEL LEVERAGE RATIO FOR BANKS<
Read moreLONDON, Jan 15 (Reuters) - Bank of England Governor Mark Carney said on Wednesday he wanted British banks to set aside more capital than the level agreed in a new international deal. On Sunday, regulators from around the world reached a provisional deal on new rules designed to prevent bank
Read moreLONDON, Jan 14 (Reuters) - Game, a video games retailer bought out of administration by private equity investors last year, reported a significant rise in Christmas sales helped by new console launches ahead of a possible return to the stock market. A source familiar with the situation told
Read moreLONDON, Jan 14 (Reuters) - Game, a video games retailer bought out of administration by private equity investors last year, reported a significant rise in Christmas sales helped by new console launches ahead of a possible return to the stock market. A source familiar with the situation told
Read more(Corrects paragraph 3 to show gold prices fell for first time in 13 years, not 12) * ANZ, HSBC first foreign banks to receive import permits -sources * Could improve supply, ease premiums * Is part of move to open China gold markets By A. Ananthalakshmi and Fayen Wong <
Read more* Equity fees set to jump on bumper year for HK, China IPOs * Power Assets utility IPO cutback shows investors picky * Bumpy start but 2014 seen 2nd biggest for mainland IPOs By Elzio Barreto HONG KONG, Jan 15 (Reuters) - After three lean years, Hong Kong bankers are looki
Read more* Banks target booming Mittelstand in weak European backdrop * Competition driving down margins on loans to Mittelstand * Long-term banking relationships may be tough to break By Andreas Kröner FRANKFURT, Jan 13 (Reuters) - Cut-throat competition and decades-old banking r
Read moreLONDON, Jan 13 (Reuters) - BT said it appointed former HSBC executive Joe Garner to lead Openreach, its local networks unit that is rolling out super-fast broadband in Britain. Garner, who joins in mid-February, replaces Liv Garfield, who is leaving the telecoms company to become chief exec
Read moreLONDON, Jan 13 (Reuters) - Lenders to Stemcor, formerly the world's largest steel trader, have extended its debt standstill agreement to the end of February, allowing it more time to restructure a $1.25 billion debt, a company spokesman said. The private British firm, controlled by members
Read moreBy Clare Hutchison LONDON, Jan 13 (Reuters) - The number of new financial services jobs in London rose for the first time in almost two years last month, research showed on Monday, which recruiters said was a sign that banks are starting to think about growth after years of restructuring.Read more
RIYADH, Jan 12 (Reuters) - Saudi British Bank (SABB), Saudi Arabia's fourth-largest listed bank, said its fourth-quarter net profit rose 20 percent over the same period of 2012, beating analyst expectations. The lender, an affiliate of HSBC Holdings, said it made 976 million riyals ($260 m
Read more* HK Electric offering 5.5-7.26 pct annualised yield * HK Electric set to be Hong Kong's biggest IPO since 2010 * Another sovereign wealth fund to join as cornerstone investor By Denny Thomas and Michael Flaherty HONG KONG, Jan 11 (Reuters) - Government-owned State Grid Co
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