John Nelson, Lloyd's of London Chairman, discusses the upcoming referendum in the United Kingdom on whether or not to leave the European Union. » Read More
European stocks finished mixed on Thursday as markets eyed the rebound in oil prices, after digesting earnings and the latest central bank decisions.
If the U.K. opts for the Brexit in June, the European banking system will feel the impact first.
European markets closed mixed on Wednesday as investors digested a renewed decline in commodity stocks.
Google is bringing Android Pay to the U.K. "in the next few months" putting it head-to-head with rivals Apple and Samsung.
European equities finished mixed on Wednesday as investors digested new U.K. budget announcements and awaited the latest news from the U.S. Federal Reserve.
Investors shouldn't get starry-eyed about European lenders bearing dividends.
European markets posted strong gains by Thursday's close, as investors cheered on a positive set of corporate earnings, rather than dwelling on oil.
The 10 largest U.S. hedge funds have made the most of the slide in the oil price, snapping up $1.5 billion in cheap energy stocks.
Brokers are seemingly not too concerned about another full-blown recession, but that doesn't mean they are recommending you buy banks either.
European equities closed sharply lower on Thursday, as a raft of weak earnings offset positive sentiment surrounding the rebound in oil prices.
European markets finished in negative territory on Monday as a renewed slip in oil prices weighed on investor sentiment.
LONDON, Jan 7- Britain's Financial Conduct Authority has begun a preliminary investigation into whether a trader at Lloyds Banking Group tried to manipulate the market for UK government bonds, a source familiar with the matter said. News of the probe comes as a blow to Britain's biggest provider of current accounts and mortgages, which has invested millions of...
DUBAI/ TOKYO, Dec 14- Foreign banks are regaining lost ground in the Gulf's financial sector, stealing a march on local lenders as they grapple with job cuts and a liquidity squeeze caused by the plunging oil price. "The recent changes in liquidity and pricing have probably leveled the playing field more equally between the local and international banks," said...
*Bank fines in UK set to top 900 mln stg this year. *Barclays worst offender after record 284 mln stg penalty. LONDON, Dec 8- Fines dished out to misbehaving banks in Britain are set to top 900 million pounds this year, bringing a bumper windfall for some charities and further evidence of a shift nearer the U.S. model of severe penalties to deter wrongdoing.
European equities closed mixed on Tuesday, despite figures on EU unemployment showing the region taking a step in the right direction.
LONDON, Dec 1- British banks including HSBC and Lloyds have almost completed the job of building up their defences against a future financial crisis, Bank of England Governor Mark Carney said on Tuesday as he set out details of new capital requirements. "With today's announcement, the basic amount of capital our system requires is settled," he said, setting out...
*BoE says UK credit conditions largely back to normal. LONDON, Dec 1- The Bank of England set out plans on Tuesday to require banks to hold a total of up to 10 billion pounds more capital as they start to lend more freely in a recovering economy, but stopped short of demanding immediate action. "With today's announcement, the basic amount of capital our system requires...
Royal Bank of Scotland and Standard Chartered, the U.K.-based banks, scraped through the country's bank stress tests.
LONDON, Dec 1- The Bank of England set out plans on Tuesday to require banks to hold as much as 10 billion pounds extra capital as the credit cycle moves into a more normal phase, but stopped short of immediate action. The central bank said credit conditions in Britain had largely recovered from the financial crisis as banks began to lend more freely, and warned that...
Well-regarded hedge fund manager Steve Mandel of Lone Pine Capital is aggressively buying shares of Dollar Tree.