Banks fear competition for top talent from tech companies that can offer similarly high pay combined with luxurious benefits. The NYT reports.» Read More
TORONTO, Aug 22- Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions. Shares in the bank hit a lifetime high of C $82.15 early on Friday before easing 1.2 percent to C $80.67 on a negative day on the Toronto Stock Exchange.
LONDON, Aug 22- The London Stock Exchange Group said on Friday it would raise 938 million pounds in its first rights issue to part fund the acquisition of U.S. indexes group Frank Russell.
HONG KONG, Aug 22- China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data. Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday.
TOKYO, Aug 22- Asian shares rose in early trading on Friday, after upbeat U.S. data sparked another record close on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading, on track for a weekly gain of 0.4 percent.
WASHINGTON, Aug 21- U.S. home resales rose to a 10- month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.
*Eyes on Jackson Hole summit starting Thursday. NEW YORK, Aug 20- The U.S. dollar hit fresh multi-month highs against a basket of major currencies on Wednesday after minutes from the Federal Reserve's July policy meeting signaled the potential for an earlier-than-expected hike in interest rates.
*BoE looks at how to end crisis-era money market measures. LONDON, Aug 20- Bank of England policymakers have started to discuss how to end crisis-era measures which pegged overnight money market rates to the central bank's official interest rate, the BoE said on Wednesday.
LONDON, Aug 20- World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.
NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.
NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.
*Expects deal to add 18- 21 cents/ share to 2015 earnings. Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.
LONDON, Aug 18- Gold fell on Monday as European and U.S. shares rebounded on an easing of tensions in Ukraine, while a steadier dollar and U.S. Russia's foreign ministry said "certain progress" had been achieved during talks between Russia, Germany, France and Ukraine in Berlin on Sunday about ways to end the military conflict in eastern Ukraine.
Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader group of companies for an enterprise value of $1 billion to benefit from a growing market for tire pressure monitoring sensors.
*European shares bounce back as Ukraine tensions ease. LONDON, Aug 18- Gold edged lower on Monday as European shares rebounded on easing tensions in Ukraine, but a flat dollar and depressed U.S.
Chugai denied over the weekend that it was in talks with Roche over a buyout but investors dismissed the statement, sending the shares limit-up in early trade, to a record 4,015 yen, before closing up 15.4 percent at 3,825 yen.
LONDON, Aug 14- Britain's fraud prosecutor could decide as soon as next month whether to charge former Barclays executives over undisclosed payments the bank made to Qatari investors in 2008, three sources familiar with the investigation said.
NEW YORK, Aug 15- Unsecured creditors of Lehman Brothers Holdings Inc's brokerage unit who have waited nearly five years to recoup their money will begin receiving an initial $4.62 billion payout next month, the trustee liquidating the unit said on Friday.
The final conference call took place on Thursday between banker-dealers in the $3 billion a day London silver market in the old process of fixing the benchmark silver price.
*Japan's Nikkei underperforms but still on track for winning week. Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.
Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.