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By Ryan Vlastelica NEW YORK, May 30 (Reuters) - U.S.-listed shares of foreign companies rose on Thursday as investors bet that the Federal Reserve's stimulus would remain intact, while Japanese stocks rebounded in New York trading. Equities have been closely tethered to central bank m
Read moreBy Brenda Goh LONDON, May 29 (Reuters) - A Chinese developer has signed a deal to convert a derelict plot of land next to London's City Airport into the British capital's third financial district aimed at Chinese firms and worth an expected $1.5 billion when completed. The 35-acre sit
Read more* Banks allowed to hand over data on staff, client behaviour * Swiss government fears more U.S. charges, investigations * Dozens of banks could reach settlements worth billions of dollars * Swiss abandoned attempt to reach deal for whole industry * Government won't help ba
Read moreZURICH, May 29 (Reuters) - The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by U.S. authorities into their role in helping wealthy Americans evade billions of dollars in tax. After a regular cabinet meeting, the finance depa
Read more* Swiss data handover complicated by secrecy laws * Julius Baer ordered to hand over client files * Credit Suisse urges painful deal over none at all * Other banks targeted include Julius Baer, HSBC, Pictet, LLB By Katharina Bart ZURICH, May 29 (Reuters) - The Swiss
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Electricals retailer Darty could slash jobs in an effort to cut costs in its core French region as it copes with a weaker economy, The Independent reports. The Guardian says that Britain's 'Big Four' banks - comprised of Lloyds, HSBC, RBS and Barclays - will have cut 189,000 jobs worldwide in just
Read moreLONDON, May 29 (Reuters) - Britain's Financial Ombudsman Service received over 2 million enquiries and complaints from customers of financial services companies last year, driven by cases relating to the mis-selling of loan insurance. The Ombudsman, which settles disputes where financial se
Read moreWhile hopes have now faded for a long-term continuation of stimulus measures in the US, speculation surrounding continued monetary easing in Europe and Japan sparked a huge surge on equity markets on Tuesday. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter par
Read moreUK markets were registering impressive gains on Tuesday morning with hopes of continued monetary easing in the Eurozone lifting sentiment as stocks bounced back following last week's sharp sell-off. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last
Read moreThe Co-operative Bank's shares retreated Tuesday as the company announced the appointment of former HSBC banker Niall Booker as its new Chief Executive Officer (CEO). Booker will replace Barry Tootell, who left after a downgrade by Moody's forced the lender to deny it could need a government bailo
Read moreUK markets surged in early trading on Tuesday with traders wasting no time in playing catch up as they returned to their desks following the three-day weekend. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last week on fears of a scaling back of stim
Read moreThe Telegraph says that RBS is preparing its restructuring boss Nathan Bostock for the Chief Executive Officer (CEO) role as part of the company's long-term plans to replace Stephen Hester. Shares in Italian carmaker Fiat raced higher on Monday on speculation that the company was close to a deal to
Read moreLONDON, May 27 (Reuters) - Britain's Co-operative Group has named former HSBC banker Niall Booker as the man to steer its banking arm back to health after concerns over its capital position emerged this month. Booker replaces Barry Tootell, who stepped down as chief executive of the Co-ope
Read moreLONDON, May 27 (Reuters) - Britain's The Co-operative Group is to appoint Niall Booker, a former senior banker at HSBC, as the new chief executive of its bank division, according to a source familiar with the situation. Booker, who stepped down as the chief executive of HSBC's North Americ
Read moreBy Kevin Lim and Umesh Desai SINGAPORE, May 27 (Reuters) - British banks HSBC Holdings plc and Standard Chartered plc sold 1.5 billion yuan ($244.63 million) worth of notes in Singapore on Monday in the first dim sum bond issuances since yuan-clearing became available in the city-state.
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