Britain's anti-fraud agency said it has launched a criminal investigation into alleged rigging of the currency market.» Read More
Nationwide's chief executive said the price of homes in London could start to fall over the summer months amid signs that the housing market may be cooling.
European shares closed slightly higher on Tuesday, as the U.K.'s FTSE Index rose after being closed for a public holiday.
LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders.
Lloyds Banking Group said on Tuesday it will float about 25 percent of its TSB business on the London Stock Exchange, with the remainder sold before the end of 2015.
LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, with the remainder to be sold before the end of 2015, the bank said on Tuesday.
LONDON, May 21- The Bank of England appears to be a step nearer to raising interest rates, with some of its top officials starting to say the case for keeping rates on hold is now more finely balanced.
NEW YORK, May 16- Two years ago, Denver- based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production- and it called on some regional Main Street banks to help do it. Ohio- based KeyCorp led the lenders and was also among the banks providing hedging.
European bond funds likely continued to outperform in April, despite concerns about whether the euro zone will instigate bond purchases.
*May Day holiday mutes trading volume in Europe, Asia. Federal Reserve reiterated confidence on its economic outlook despite the slim 0.1 percent growth in U.S. gross domestic product in the first three months of 2014. "Internet is the place to be today," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, Texas.
*May Day holiday mutes trading volume in Europe, Asia. NEW YORK, May 1- Wall Street stocks edged higher on Thursday, led by a resurgence in Internet shares, while disappointing data on Chinese manufacturing activity knocked oil prices to a three-week low.
*U.S., UK factory data beat forecasts; China PMI misses. *May Day holiday mutes trading volume in Europe, Asia. Equities markets overcame a brief hiccup after data on China's vast manufacturing sector missed forecasts.
U.K. banking group Lloyds has reported a rise in underlying profit for the first quarter of 2014 as the company plans to restart dividend payments.
LONDON, April 30- Lloyds Banking Group has reached an agreement to sell $500 million of shipping loans from its remaining ship finance portfolio, finance and banking sources familiar with the matter said on Wednesday. Bank of America and U.S. hedge fund Davidson Kempner Capital Management were expected to buy the Lloyds loans, one of the sources said.
LONDON, April 30- Lloyds Banking Group has reached an agreement to sell $500 million of shipping loans from its remaining ship finance portfolio, finance and banking sources familiar with the matter said on Wednesday. Bank of America and U.S. hedge fund Davidson Kempner Capital Management were expected to buy the loans, one of the sources said.
Chief executives in some of Europe's biggest banks saw huge gains in their pay packets in 2013, data compiled exclusively for CNBC reveals.
*Total compensation set to hit 20 bln stg. LONDON, April 28- British banks are unlikely to face hefty fines for mis-selling loan insurance products because the financial industry watchdog is more concerned about how they treat customers as they shell out 20 billion pounds in compensation.
Quitting the EU would cost London its title as the financial services capital of Europe, City heavyweight Win Bischoff warned on Tuesday.
*Loss includes bank recapitalisation, Somerfield charge. LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150- year history and ramming home the need for radical reform if it is to survive.
LONDON, April 9- Royal Bank of Scotland has agreed to pay 1.5 billion pounds to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender's eventual privatisation.
After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.