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By William Schomberg and David Milliken LONDON, July 17 (Reuters) - The IMF renewed its calls on Britain's government to do more to boost its sluggish economy but finance minister George Osborne was boosted by support from member countries of the Fund for his austerity push. "The econ
Read moreJuly 17 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com. LLOYDS BANKING GROUP PLC Lloyds Bank Commercial Banking has appointed John Richardson as head of building socie
Read moreEGR Broking recommends selling shares in Britain's part-nationalised bank Lloyds, which have surged some 45 percent since the start of 2013, in order to bank profits on that rally before Lloyds' interim results at the start of next month, before then buying back the stock at a cheaper price. <
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Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read more* Wells Fargo buys performing assets, Lone Star distressed loans * Transaction eclipses Lone Star's 2011 Lloyds deal * Commerzbank agrees to 3.5 percent discount * Bank's shares up 5 pct FRANKFURT, July 15 (Reuters) - Germany's second-biggest lender Commerzbank has sold Br
Read moreBy Aimee Donnellan LONDON, July 15 (IFR) - Lloyds Bank has named Farouk Ramzan as head of capital markets origination as it seeks to plug a gap left by the departure of financial institutions DCM head Christoffer Mollenbach. In this new expanded role, Ramzan will be responsible for th
Read moreCyclical stocks welcomed in-line gross domestic product (GDP) figures from China on Monday morning with the FTSE 100 nearly hitting seven-week highs early on. London's benchmark index started the new week trading near the 6,600 level; the last time the FTSE 100 closed higher was on May 30th. Gains
Read moreWorries about a sharp slowdown in China temporarily eased on Monday morning, pushing the FTSE 100 to levels not seen in nearly seven weeks. London's benchmark index started the new week trading near the 6,600 level early on. The last time the FTSE 100 closed higher was on May 30th. "European marke
Read moreHONG KONG, July 15 (Reuters) - News and developments in Asia private equity from Reuters News for the week ending July 12. JULY 12 GERMAN BATHROOM fixtures maker Grohe has attracted takeover interest from Thailand's Siam Cement and Switzerland's Geberit, people familiar with the proce
Read moreA positive start to trading on Wall Street helped the Footsie to evade the losses seen in the rest of the Continent as a result of a sharp rise in Portuguese bond yields. Strong gains in the financial sectors, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Berna
Read more* Sale to institutions expected as early as September * Govt cool on private equity/sovereign wealth interest * Up to a quarter of govt stake could be sold in 1st round * Sovereign wealth would need to offer premium - source * "Accelerated bookbuild" could allow overnight
Read moreFinancial stocks were performing well on Friday with asset manager Aberdeen and insurance group Resolution leading the way after positive comments from analysts. UBS reiterated its 'buy' rating for Aberdeen and added the stock to its 'most preferred' list, saying that the recent share price falls h
Read moreLONDON, July 12 (Reuters) - The Co-operative Group has launched an independent review into the events that led to a 1.5 billion pound ($2.3 billion) capital shortfall at its banking unit. Co-op said on Friday the review would be led by Christopher Kelly, previously a senior official within
Read moreStrong gains in the financial sectors were lifting markets higher on Friday despite concerns over a slowdown in China, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Bernanke. Stock futures on Wall Street were pointing to a positive start on Friday, extending g
Read moreMarkets looked set to end the week on a high note with financial stocks lifting the FTSE 100 higher in early trading on Friday, as sentiment was buoyed by record highs on Wall Street last night. Both the Dow Jones and S&P 500 indices closed at their highest ever levels on Thursday, while the Nasdaq
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