HSBC has sounded out investors about a flotation of its U.K. arm, in a move that would realize value from its high street banking business.» Read More
LONDON, Nov 14- U.S. investment banks JPMorgan Chase& Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday.
*Gold pares gains late in NY session, equities rise. NEW YORK/ LONDON, Nov 13- Gold prices eked out a small gain on Wednesday to snap a four-day losing streak, boosted by a drop in the dollar and bargain hunting with prices near a one-month low.
NEW YORK/ LONDON, Nov 13- Spot gold held steady Wednesday, supported by a drop in the dollar and bargain hunting with prices near a one-month low, and looked on track to snap a four-day fall.
LONDON, Nov 13- Banks and miners led European shares lower around midday on Wednesday as uncertainty over the future of equity-friendly monetary stimulus sapped the appetite for risk.
U.S. authorities have widened their hunt for Americans suspected of evading taxes by hiding assets and income in offshore bank accounts.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
Indonesia will do whatever it takes to prop up its battered currency and reassure investors that it can control a wide current-account deficit.
WASHINGTON, Nov 12- Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
*Bank of England has told banks to strengthen defences. LONDON, Nov 12- A cyber attack on financial markets played out in one of London's historic halls on Tuesday in a "war game" simulation designed to test the City's defences against online saboteurs. The Bank of England has told banks to strengthen their defences against cyber attacks.
MOSCOW, Nov 12- Russia's biggest lender, Sberbank, unveiled an ambitious strategy on Tuesday to double its assets and earnings by 2019 by lending more to consumers at home and developing its existing network of businesses abroad.
MANILA, Nov 12- A super typhoon that devastated the central Philippines is expected to curb growth and push up inflation in the coming months, but the damage is unlikely to dent the country's new-found status as Southeast Asia's rising economic star.
Southeast Asia faces a "watershed moment" as when the Fed begin tapering its asset purchases means policymakers can no longer rely on cheap credit.
Expectations that tapering might come soon could unnerve Asian investors, but analysts argue there's no need to fear a repeat of 'taper tantrum.'
A meeting of China’s top leaders gets underway in Beijing on Saturday and widely is expected to be the launch-pad for the major economic reforms.
India's move to encourage foreign banks to reposition as wholly-owned subsidiaries may find just a handful of takers, given the regulatory trade-off.
LONDON, Nov 7- An unexpected cut in rates by the European Central Bank sent the euro sharply lower on Thursday and gave an instant boost to stocks and major government bond prices in Europe. "We wanted a stronger response to the stronger euro/dollar and we've got it," said David Bloom, global head of FX strategy at HSBC.
LONDON, Nov 7- A surprise cut in rates by the European Central Bank sent the euro sharply lower on Thursday, boosted government bond prices and saw the region's equity markets hit fresh five-year highs. "They want the double whammy of a lower euro on growth and inflation," said David Bloom, global head of FX strategy at HSBC.
India's central bank unveiled a far-reaching set of regulations to allow foreign banks into the country's protected domestic market. The NYT reports.
HSBC said 15 of the 18 emerging markets covered in its survey had enjoyed an expansion in output, with robust increases in activity in China, Brazil and Russia. "We have a large number of the countries showing improvements," said Pablo Goldberg, global head of emerging markets research at HSBC in New York.
A number of finance firms face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates.