British bank TSB said it had agreed to be taken over by Spanish lender Banco Sabadell in a deal which values the business at $2.5 billion.» Read More
British lenders may have to hold more capital to guard against risks of bad loans and other losses.
LONDON, Oct 31- The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- one of the banks which analysts had feared might be hit hardest by the new rules-- rose a hefty 7 percent on the news, and shares in Lloyds...
The U.K. is facing its most uncertain political future for decades – some argue centuries.
European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.
Taxpayer-backed lender Lloyds has confirmed its plans to cut around 9,000 jobs as it reported its underlying profit rose to £2.1 billion.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
*Austrian banks, Commerzbank rally as test seen positive. LONDON, Oct 27- Shares in Italy's Monte dei Paschi slumped on Monday after an industry health check found it had the biggest capital hole to fill among European banks. Shares in Monte dei Paschi were down 17 percent at 0910 GMT after the "stress test" showed it still had a 2.1 billion euro capital hole to fill,...
LONDON, Oct 27- Euro zone banks led European shares higher on Monday after the results of sector-wide financial health checks painted a brighter picture than many investors had expected. The Euro STOXX banking index rose 1.1 percent after Sunday's European Central Bank review concluded that capital holes identified at the end of last year had since then...
LONDON, Oct 26- Some 24 European banks failed a "stress test" of their capital strength conducted by the European Banking Authority. Under the EBA's healthcheck, banks needed to hold common equity of 5.5 percent or more of their risk-weighted assets under a stressed 3- year recession scenario as at the end of 2013. Any bank falling short of that level needs to take...
European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.
Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.
Lloyds Banking Group said it had dismissed eight staff following an investigation into the submission of benchmark interest rates.
European shares closed higher after voters in Scotland rejected independence and opted to remain within the United Kingdom.
European shares opened sharply higher Friday, after the vote count in a historic referendum showed Scotland said no to independence.
The CEO of one of Europe's biggest asset managers has warned that markets will undoubtedly face a tough day on Friday.
Scottish nationalists argue that being governed from London has deprived their country of Britain's oil fields' wealth. The New York Times reports.
Sir Thomas Hunter said there are still facts missing from both sides of the Scotland independence debate.
CNBC looks at some of the most probable moves in the early days of Scottish independence if the Ayes have it.
Scotland's historic independence vote is coming up, and the result could cause market turmoil
A host of business figures in the UK has come out against Scottish independence on economic grounds - but is this just “scaremongering” as some claim?