European equities seesawed before finishing higher on Friday, but looked to close out the trading month with gains of over 6 percent.» Read More
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.
LONDON, Oct 14- Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a number of scandals involving British banks in the past five years and provoked a political and public backlash...
LONDON/ DUBLIN, Oct 12- Britain's major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes. Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to ring fence their retail units from their wholesale operations,...
LONDON, Oct 9- Britain is unlikely to sell any more of its remaining 25 percent stake in Lloyds Banking Group until the bailed-out lender is cleared to pay dividends again, banking and political sources told Reuters. Without regulatory approval to pay dividends, Lloyds shares are not expected to rise to a level that would enable UK Financial Investments, which...
ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.
Lloyds Banking Group said it had dismissed eight staff following an investigation into the submission of benchmark interest rates.
*Demand from U.S. investors, Europe, UK. LONDON, Sept 26- Lloyds Banking Group has sold a further 11.5 percent stake in TSB in a 161 million pound share placing to investors that required no discount to the market price following strong demand. They see TSB as a viable challenger to Britain's "Big Four" banks- Lloyds, Royal Bank of Scotland, Barclays and HSBC.
LONDON, Sept 25- GlaxoSmithKline said on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman. GSK was hit last week by a record $489 million fine in China for bribing doctors and has warned on profits in 2014 due to weak sales of its core respiratory drugs.
LONDON, Sept 24- Drugmaker GlaxoSmithKline will this week name Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman, a person close to the process said on Wednesday.
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?