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EQUITIES NEW YORK - U.S. stocks rose on Friday, rebounding from the previous session's selloff, after an unexpectedly strong payrolls report lent weight to views the world's largest economy is stronger than previously thought. With Friday's advance, The Dow and S&P 500 recorded their fift
Read moreLONDON, Nov 10 (Reuters) - British newspapers reported the following business stories on Sunday: Sunday Times Green mulls BHS sale as bidders circle A pack of hungry suitors has begun circling BHS in an attempt to lure Philip Green into offloading the struggling department store chain. A N
Read more* Citi, StanChart in talks to recover about $400 mln - sources * Loan tied to Etisalat's Indian unit * StanChart has $300 mln exposure, Citi has rest - sources * Etisalat says not liable for loans to its Indian arm By Dinesh Nair and Matt Smith DUBAI, Nov 7 (Reuters)
Read moreMOSCOW, Nov 8 (Reuters) - The Financial Stability Board, a global regulatory body, will name 29 banks worldwide that are "too big to fail" in an updated list that will be published next week, Russia's top international finance official said on Friday. "Among the 29 banks there will be Chine
Read moreNov 8 (Reuters) - (The following statement was released by the rating agency) The Reserve Bank of India's (RBI) recent steps aimed at subsidiarisation of domestic foreign banks recognises the need for greater foreign participation in a growing Indian economy, says Fitch Ratings. These rules
Read more----------------------(0830 a.m. India time)------------------ LEVEL NET/CLOSE PCT/YIELD DJIA 15593.98 -152.9 -0.97 S&P 500 1747.15 -23.34 -1.32 FTSE 6697.22 -44.47 -0.66 MSCI Asia-Pac Ex-JP 472.15 -2
Read moreBy Huw Jones and Steve Slater LONDON, Nov 7 (Reuters) - Thousands of staff across dozens of London financial firms will be put through a "war games" scenario on Tuesday to test how well they can handle a major cyber attack, people familiar with the matter said. In one of the largest e
Read more* Citi, StanChart in talks to recover about $400 mln - sources * Loan tied to Etisalat's Indian unit * StanChart has $300 mln exposure, Citi has rest - sources * Etisalat says not liable for loans to its Indian arm By Dinesh Nair and Matt Smith DUBAI, Nov 7 (Reuters)
Read more* Central bank move is part of response to financial crisis * Says local units of banks would gain from being subsids * Banks would face demands such as "priority sector" lending * StanChart, HSBC among those seen mulling change By Subhadip Sircar and Sumeet Chatterjee
Read more* FCA says 15.3 mln stg paid out to small firms so far * Banks have set aside over 3 bln stg for compensation * Only 125 customers have received payouts * Regulator writes to bank CEOs to speed up process By Matt Scuffham LONDON, Nov 7 (Reuters) - Britain's financial
Read moreLONDON, Nov 7 (Reuters) - Britain's financial watchdog The Financial Conduct Authority said UK banks have so far paid out 15.3 million pounds ($24.6 million) compensating small businesses mis-sold complex interest rate hedging products. The products were designed to protect smaller companie
Read more----------------------(0825 a.m. India time)------------------ LEVEL NET/CLOSE PCT/YIELD DJIA 15746.88 128.66 0.82 S&P 500 1770.49 7.52 0.43 FTSE 6741.69 -5.15 -0.08 MSCI Asia-Pac Ex-JP 475.28
Read moreBy Subhadip Sircar MUMBAI, Nov 6 (Reuters) - India's central bank said it will treat foreign banks operating in the country on nearly equal terms with local lenders if they move to a wholly owned subsidiary structure, as it seeks to bolster its regulatory powers in the wake of the global fi
Read moreNov 6 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com. GOLDMAN SACHS GROUP INC Goldman Sachs Asset Management's chairman in Asia Pacific, Oliver Bolitho, will retire at
Read moreLONDON, Nov 6 (Reuters) - British housebuilder Persimmon has yet to gain any significant benefit from the government's mortgage guarantee scheme because of the high interest rates being charged, the company said on Wednesday. Persimmon and its rival housebuilders have been some of the bigg
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