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* 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.
Read moreSINGAPORE, May 27 (Reuters) - British bank HSBC sold 500 million yuan ($81.54 million) worth of two-year notes in Singapore on Monday, launching the first dim sum bond in the city state since yuan-clearing became available there. China has been relaxing controls on the yuan, officially ref
Read more* Sluggish sales led to company's failure * Company unsuccessful in final round of fundraising * Better Place once valued at $2.25 bln By Ari Rabinovitch JERUSALEM, May 26 (Reuters) - Electric car company Better Place said on Sunday it had filed a motion in an Israeli cour
Read morePARIS, May 26 (Reuters) - Budget Minister Bernard Cazeneuve said French taxpayers holding bank accounts abroad must make them known to authorities now or face much tougher penalties for tax evasion, as France seeks to end years of lax oversight. The Socialist government, in line with Europe
Read more* Better Place raised $850 million, once valued at $2.25 bln * Sluggish sales led to company's failure * Company unsuccessful in final round of fundraising By Ari Rabinovitch JERUSALEM, May 26 (Reuters) - Electric car company Better Place said on Sunday it had filed a moti
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