The bank is one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, the FT reports.» Read More
The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.
SINGAPORE/ ZURICH Aug 22- Royal Bank of Scotland plc might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a deal but are reluctant to take on European client risk.
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.
*Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.
NEW YORK, Aug 21- A group of Argentina's exchange bondholders is working with Deutsche Bank to remove the so-called RUFO clause that prevents the sovereign from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings.
*Business activity growth slows in China and Europe. LONDON/ BEIJING/ NEW YORK, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. activity picked up speed, leaving a mixed picture of global economic growth.
*Raiffeisen Bank jumps on reassuring comments on Russia. PARIS, Aug 21- European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch.
HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.
*Business growth slows in China, Europe. LONDON/ BEIJING, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.
LONDON, Aug 21- European shares rose on Thursday, with Germany's DAX index climbing to a three-week high after a survey showed the country's private sector grew for the 16th month running in August.
LONDON, Aug 21- Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11- month high.
HONG KONG, Aug 21- Hong Kong's benchmark share index posted its biggest daily loss in two weeks on Thursday, after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, triggering broad profit-taking on recent gains.
LONDON, Aug 21- European equities edged lower in early trading on Thursday, with miners slipping after a disappointing manufacturing survey from China, the world's biggest metals consumer.
HONG KONG, Aug 21- China shares posted their worst daily loss in a week on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.
SYDNEY, Aug 21- Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing overshadowed better news from Japan, while the U.S. dollar was buoyed by speculation of an earlier rate rise from the Federal Reserve.
*Coal producers down as Beijing orders curbs on oversupply. HONG KONG, Aug 21- Hong Kong and China shares weakened on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.
*The HSBC/ Markit flash China PMI hits 3- month low in Aug. BEIJING/ TOKYO, Aug 21- China's manufacturing activity hit a three-month low in August, raising the case for fresh policy steps to keep growth on track, while a Reuters poll showed Japan's economic recovery is likely to be modest despite an small acceleration the factory sector.
*China Aug factory activity slowed to 3- month low. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index fell to 50.3 from July's 18- month high of 51.7, missing a Reuters forecast of 51.5. "Today's data suggest that the economic recovery is still continuing but its momentum has slowed again," said Hongbin Qu, chief economist for China at HSBC.
HONG KONG— Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus.
SYDNEY, Aug 21- Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan. Investors reacted by selling the Australian dollar, often a used as a liquid proxy for bets on China, while shares in Shanghai dropped 0.5 percent.