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* Ed Balls says recovery not working for ordinary voters * Balls says to raise bank levy, tax on banker bonuses * Labour seeks to win back trust for economic management By William James BRIGHTON, England, Sept 23 (Reuters) - Britain's opposition Labour party sought on Mond
Read moreLONDON, Sept 23 (Reuters) - Britain's opposition Labour party said on Monday it would increase taxes on banks' balance sheets and introduce a levy on bankers' bonuses to pay for spending on childcare and job guarantees if it won the 2015 election. Ed Balls, the man who could be finance mini
Read moreBy Dinesh Nair DUBAI, Sept 23 (Reuters) - HSBC Holdings has named Samer Deghaili to head its equity capital markets business in the Middle East and North Africa, a spokesman said on Monday, as activity picks up in the region. Deghaili replaces Michael Bevan, who will head coverage of
Read moreBy David Henry and Emily Flitter Sept 19 (Reuters) - The "London Whale" trading scandal, once dismissed as a "tempest in a teapot" by JPMorgan Chase & Co CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing. Settlements
Read more* EU, Singapore present full text of trade deal * Still needs approval by EU members, parliament * Trade accord seen as stepping stone for EU into ASEAN By Philip Blenkinsop and Rachel Armstrong BRUSSELS/SINGAPORE Sept 20 (Reuters) - The European Union and Singapore have f
Read moreBy Philip Blenkinsop and Rachel Armstrong BRUSSELS/SINGAPORE Sept 20 (Reuters) - The European Union and Singapore submitted for approval on Friday one of the world's most comprehensive free trade agreements, which the EU sees as a stepping stone towards a wider deal with Southeast Asia.
Read more* New standards body created by UK's biggest banks * Body will be independent and not lobby for banks LONDON, Sept 19 (Reuters) - Richard Lambert, the former director general of the Confederation of British Industry, has been appointed by Britain's biggest banks to set up a new indepe
Read moreLONDON, Sept 19 (Reuters) - Richard Lambert, the former director general of the Confederation of British Industry, has been appointed by Britain's biggest banks to set up a new independent body monitoring standards within the industry. Lambert will design and chair the organisation, which w
Read moreBy Michael Flaherty and Elzio Barreto HONG KONG, Sept 19 (Reuters) - A recent shouting match between senior bankers involved in Hong Kong's second-largest IPO so far this year illustrates the competitive squeeze on banks from Chinese companies offering incentives ahead of lucrative initial
Read moreBy Chris Vellacott LONDON, Sept 18 (Reuters) - Britain's financial regulator is investigating whether two life insurance companies breached new rules that ban the offering of commissions to financial advisers for selling their products. The Financial Conduct Authority (FCA) said on We
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After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreStocks in the banking sector were among the highest risers on Wednesday as share prices rebounded following some heavy falls the day before. UK domestic bank Lloyds was towards the top of the pack on the FTSE 100 after bearing the brunt of the selling action on Tuesday. Shares in the part-nationa
Read moreNEW DELHI, Sept 18 (Reuters) - India introduced new tax rules on Wednesday aimed at reducing litigation with multinational firms over cross-border transactions the government considers tax avoidance schemes. The new "safe harbour" rules aim to clarify transfer pricing, over which disputes h
Read moreMarkets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreBy Shankar Ramakrishnan and Danielle Robinson NEW YORK, Sept 17 (IFR) - The US high-grade market did not see a rush of deals on Tuesday, but the few that did come garnered a strong response from investors, proving that issuance conditions remain solid. Some in the market were surprise
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