The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
Industry-wide investigations into alleged exchange rate manipulation, trading scandals at UBS, Societe Generale and JPMorgan and HSBC's $1.9 billion fine for lax money-laundering rules have upped the ante for banks already under pressure to curb reckless behaviour that led to the financial crisis.
LONDON, March 14- Britain will sell slightly fewer government bonds in its coming fiscal year as stronger economic growth and better public finances reduce its borrowing needs, a Reuters survey showed on Friday.
*Microsoft withdraws support for Windows XP on April 8. LONDON/ NEW YORK, March 14- Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines and face additional costs to Microsoft to keep them secure.
LONDON, March 14- Metals markets are nervous that nearly half a million tonnes of hidden zinc may be delivered on the London Metal Exchange next week, shaking a market unsure about the extent of further concealed stocks.
*Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.
NEW DELHI, March 14- India's wholesale price-based inflation eased to a nine-month low in February as food and fuel prices moderated, raising expectations that the central bank would leave interest rates unchanged at its policy review next month.
*MSCI ex- Japan skids to three week lows, on track for weekly loss. TOKYO, March 14- Asian shares skidded to a three-week low and the yen held steady at lofty levels on Friday, as heightened tension in Ukraine ahead of a weekend referendum prompted investors to shed riskier assets.
March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.
March 13- Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and U.S. heads of the unit, the Financial Times reported, citing sources.
Barclays is braced for further job losses at its investment bank, as the re-shaping of the bank continues, sources close to the matter said.
TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
*Credit Suisse also says sees slowdown in parts of fixed income. PARIS, March 13- Deutsche Bank said on Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.
Treasuries prices edged lower on Thursday on better-than-expected U.S. retail sales and jobless claims data, but lingering concerns over China's economy and geopolitical tensions in Russia and Ukraine limited losses.
HONG KONG/ SHANGHAI/ SYDNEY, March 13- Chinese funds taking massive short positions played a powerful role in copper's slide to around four-year lows this week, signalling the growing force of the sector in global commodities markets.
COPENHAGEN, March 13- Shares in Danish outsourcing company ISS jumped by more than 15 percent from the offer price after they returned to the Copenhagen stock market on Thursday.
*U.S. Senate announces its own probe of GM, NHTSA over recall. *Senate, House say criminal investigation could complicate their probes.
*Senate, House say criminal investigation could complicate their probes. DETROIT/ WASHINGTON, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should avoid weighing down their key rings with anything more than the key and fob.
SAO PAULO, March 12- The hiring of three top bankers of BR Partners Banco do Investimento SA by New York- based Moelis& Co LLC was "improper and unethical," Ricardo Lacerda, chief executive officer of the Brazilian investment bank, said on Wednesday, adding that BR Partners is considering possible action.
*Sell-off in copper on China concerns seen overdone. *No evidence of deals unravelling in China- industry. LONDON, March 12- Copper rebounded from earlier losses on Wednesday as a sell-off triggered by concerns about the impact of credit problems in China was considered to be overdone.
*India's national elections to kick off on April 7. NEW DELHI, March 12- India's flagging economy delivered rare good news on Wednesday with a slight expansion of industrial production and further cooling in consumer prices, offering some respite to the ruling coalition before next month's general election.