European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.» Read More
STANDARD CHARTERED CEO SAYS REORGANISATION NOT PROMPTED BY KOREA ISSUES, SAYS IT'S' NOT WHAT IS DRIVING THE REORGANISATION'.
STANDARD CHARTERED CEO PETER SANDS SAYS HE "IS NOT GOING ANYWAY" FOLLOWING BOARD REORGANISATION.
STANDARD CHARTERED CEO SAYS DEPARTURE OF FD MEDDINGS NOT INSTIGATED BY REGULATOR.
STANDARD CHARTERED CEO SAYS BOARD VERY COMFORTABLE WITH BANK'S CAPITAL POSITION, NO FRICTION BEWEEN BOARD MEMBERS OVER ISSUE.
STANDARD CHARTERED CEO SAYS NO PRESSURE APPLIED BY TEMASEK TO UNDERTAKE ORGANISATIONAL CHANGES.
LONDON, Jan 9- Standard Chartered has announced the surprise departure of its finance director Richard Meddings, saying he would leave the Asia- focused bank as part of a restructuring.
Jan 3- Singapore's Oversea-Chinese Banking Corp has begun exclusive talks to buy Hong Kong's Wing Hang Bank in a deal that would value the family-run lender at about $5.3 billion, two people familiar with the matter told Reuters. OCBC, Singapore's No. 2 lender by assets, has offered about twice Wing Hang's book value, the sources said.
U.S.-based Cooper Tire& Rubber Co said it was terminating a proposed $2.5 billion sale to Apollo Tyres Ltd, with both sides threatening legal action over a deal plagued by obstacles from the start.
MUMBAI, Dec 30- U.S.-based Cooper Tire& Rubber Co said on Monday it was terminating a proposed $2.5 billion sale to Apollo Tyres Ltd, marking the end of an agreement plagued by obstacles from the start.
BEIJING, Dec 30- Growth in China's factory activity may have pulled back slightly in December, a Reuters poll showed, reinforcing views that the world's second-largest economy could lose some steam at the year end while Beijing is shifting its focus to structural reforms.
*Mideast, Africa lenders cannot match larger banks. Rectifying these mistakes costs banks and their customers both time and money and highlights the rapidly increasing compliance costs which lenders in the Middle East and Africa must deal with. Such figures are far beyond anything banks in Africa and the Middle East can comprehend, let alone apply themselves.
LONDON, Dec 20- There is now a clear consensus that the U.S. While most analysts had expected the Fed to wait a few months into next year before announcing it would trim its monthly $85 billion of bond purchases, the fact it did so on Wednesday by $10 billion was welcomed by respondents.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
WASHINGTON, Dec 11- Royal Bank of Scotland Group Plc will pay $100 million to resolve U.S. probes into the bank's dealings with Sudan, Iran, and other sanctioned countries, U.S. authorities said on Wednesday.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
WASHINGTON, Dec 11- Royal Bank of Scotland Group Plc will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions against Iran, Sudan, Myanmar and Cuba, U.S. authorities said on Wednesday.
India's November exports rose 5.86 percent from a year earlier, while imports fell 16.37 percent, the country's trade ministry said on Wednesday.
Bob Diamond is making a dramatic return to banking, launching a vehicle with Africa's youngest billionaire. The Financial Times reports.
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.
NEW YORK/ LONDON, Dec 6- Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron& Company, becoming one of the first banks to enter the commodity markets. On Thursday, Deutsche Bank, one of the five biggest players of the past decade, said it would quit commodities trading under regulatory pressure, cutting 200 jobs.