* Annual cash profit of A$6.5 bln vs consensus of A$6.4 bln * Expanding further in Asia to diversify revenues * Shares up 41 pct this year vs 18 pct climb for wider market By Jackie Range SYDNEY, Oct 29 (Reuters) - Australia and New Zealand Banking Group Ltd booked an 11
Read more* Annual cash profit of A$6.5 bln vs consensus of A$6.4 bln * Expanding further in Asia to diversify revenues * Shares up 41 pct this year vs 18 pct climb for wider market By Jackie Range SYDNEY, Oct 29 (Reuters) - Australia and New Zealand Banking Group Ltd booked an 11
Read more* ECB's review threatens broad bank rally * Italian, Spanish lenders seen as vulnerable * Nordic banks, HSBC to benefit from stronger balance sheets By Francesco Canepa LONDON, Oct 28 (Reuters) - A four-month, largely indiscriminate rally in Europe's banking shares is unde
Read moreMOSCOW, Oct 28 (Reuters) - Russia's mid-sized Sovcombank is buying the local unit of GE Money Bank, a subsidiary of U.S. conglomerate General Electric, in another departure of a foreign bank from a Russian domestic market dominated by state-controlled lenders. Sovcombank, ranked among Russi
Read moreDUBAI, Oct 28 (Reuters) - The Kingdom of Jordan has picked three banks to arrange a $1.25 billion sovereign bond issue which will be guaranteed by the United States, a document from lead managers said on Monday. The guarantee, to be provided through the U.S. Agency for International Develop
Read moreBRUSSELS, Oct 26 (Reuters) - Belgian tax inspectors are claiming more than 367 million euros in taxes from wealthy Belgians who kept accounts with HSBC Private Bank in Switzerland, which is at the centre of a Belgian tax evasion probe, a newspaper reported on Saturday. Some 2,450 Belgians h
Read more- FTSE 100 at levels not seen since May - China manufacturing PMI at seven-month high - Financials, miners and pharma stocks gain techMARK 2,642.27 +0.68% FTSE 100 6,713.18 +0.58% FTSE 250 15,526.93 +0.21% UK markets set a fresh five-month high on Thursday as investors celebrated an improved outlo
Read moreLONDON, Oct 24 (Reuters) - Britain's financial regulator and big banks need to "get on with the job" of compensating small businesses who were victims of a large-scale financial mis-selling scandal, the government said on Thursday. As business owners who were mis-sold complex interest rate
Read moreSports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sank sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discou
Read more- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreOct 23 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com. HSBC HOLDINGS PLC HSBC appointed Jonathan Robinson, currently head of project finance for Middle East North Afri
Read more* RBS, Barclays, Lloyds, HSBC to speed up compensation * FCA chief Wheatley says move is a good first step LONDON, Oct 23 (Reuters) - Britain's financial regulator told banks on Wednesday to speed up compensation for complex hedging products they mis-sold to small firms that are now f
Read moreLONDON, Oct 23 (Reuters) - Britain's financial regulator told banks on Wednesday to speed up compensation for complex hedging products they mis-sold to small firms that are now finding it hard to stay in business. Banks have paid out just 2 million pounds ($3.2 million), a fraction of the t
Read moreChip designer ARM Holdings fell for the second straight day as investors gave a cool reaction to its third-quarter results. JPMorgan Cazenove said this morning that it sees "no reason to be building positions at this time and would take profits in the short term". A number of stocks were also trad
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