After a slow start, the FTSE 100 had erased losses by midday on Friday but markets remain subdued as stocks struggle for direction in the absence of economic news and ongoing political uncertainty in the States. Since the partial shutdown of the US government has extended into its fourth day, gove
Read more* Banks paid out 2 mln stg so far * Banks have set aside 3 bln stg for compensation costs * Regulator says payouts slower than expected * Regulator says banks told to make offers by end of year * 1,000 offers expected to be made in October By Matt Scuffham LOND
Read moreMarkets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning. Since the partial shutdown of the US government has extended into its fourth day, governmental agencies and departm
Read moreLONDON, Oct 4 (Reuters) - Britain's markets watchdog said on Friday banks have so far paid out 1.5 million pounds ($2.4 million) compensating small businesses mis-sold complex interest rate hedging products. The products were designed to protect smaller companies against rising interest rat
Read moreWASHINGTON, Oct 3 (Reuters) - U.S. bank regulators on Thursday released portions of the biggest banks' updated "living wills," or blueprints for how they could be wound down in a crisis. The resolution plans are a key component of regulators' efforts to crack down on Wall Street after the 2
Read moreSINGAPORE/HONG KONG, Oct 3 (Reuters) - Standard Chartered PLC, DBS Group Holdings Ltd and HSBC PLC have submitted first round bids for Societe Generale's Asian private bank valued at $600 million, people involved in the sale told Reuters. SocGen, France's second-largest bank by market cap
Read moreA slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment. The FTSE 100 finished down 22.51 points at 6,437.5
Read moreLONDON, Oct 1 (Reuters) - The Bank of England delayed disclosing how much more capital was needed in the British banking sector in late 2012 because it feared there could be a loss of confidence, it said on Tuesday. A summary of discussions by regulators about the risks of talking publicly
Read more* Annual stress test start in 2014 with top 8 UK banks * Later tests to include big subsidiaries of global bank * Test results to be published By Huw Jones and William Schomberg LONDON, Oct 1 (Reuters) - Banks in Britain may have to hold more capital than their internation
Read moreMANCHESTER, England, Sept 30 (Reuters) - Britain has agreed the capital relief and fee structure for its mortgage guarantee scheme which it plans to introduce in the week starting Oct. 7, a government source said on Monday. "We expect the majority (of the) lenders will ultimately participat
Read moreMANCHESTER, England, Sept 30 (Reuters) - Britain has agreed the capital relief and fee structure for its mortgage guarantee scheme which it plans to introduce in the week starting Oct. 7, a government source said on Monday. "We expect the majority (of the) lenders will ultimately participat
Read more* Cameron in new pitch for votes before 2015 election * Promises tax cuts, easier mortgages to help with living costs * Says UK may be forced to ditch European rights accord * Ridicules rival's tax and policy plans as "nuts" By Guy Faulconbridge and Andrew Osborn MAN
Read moreSept 27 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email to moves@thomsonreuters.com. HSBC HOLDINGS PLC The banking and financial services firm made eight senior appointments in its Asia-Pacific equit
Read more* Global firms slim down and retreat from Egypt * About 25 pct of top office space vacant in Cairo - report * Egypt's loss will be sub Saharan Africa's gain - property experts * Some developers seek to convert schemes to residential By Praveen Menon and Tom Bill DUBA
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