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  • HONG KONG, Dec 3- Standard Chartered has shut its renminbi solutions group in the United States and Europe, according to a source with direct knowledge of the matter, as part of a major restructuring that has forced the lender to take an axe to a fast-growing business in the industry. In a landmark move this week, The International Monetary Fund admitted China's...

  • NEW YORK/ LONDON Dec 2- New Barclays Plc Chief Executive Jes Staley has approached his former JPMorgan colleague Blythe Masters to run the British bank's investment bank division, a person familiar with the matter said on Wednesday. A spokesman for Barclays declined to comment. Barclays is shrinking its investment banking business and its current boss, Tom...

  • WASHINGTON, Dec 2- U.S. private employers boosted hiring in November and wage growth appeared to pick up in the third quarter, signs of labor market strength that could support the first Federal Reserve interest rate increase in nearly a decade later this month. "The data indicate a steady improvement in the labor market that should support the Fed's confidence...

  • Chinese markets closed higher on Wednesday on the back of rumors of an upcoming incentive to boost China's property market.

  • 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...

  • *UK banks gain after stress test results. LONDON, Dec 1- European shares edged higher on Tuesday, with UK- listed banks gaining after none failed the latest Bank of England "stress tests" on the sector. Standard Chartered, Lloyds Group, Royal Bank of Scotland, HSBC and Barclays rose 1.4 to 2.7 percent, helping the European banking index gain more than 1 percent, after the...

  • *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...

  • LONDON, Dec 1- European shares edged higher on Tuesday, with UK- listed banks gaining after the Bank of England announced the results of its bank "stress tests" and said credit conditions in the country had largely recovered from the financial crisis. Shares in Standard Chartered Bank, Lloyds Group, Royal Bank of Scotland, HSBC and Barclays rose 1.2 to 2.7 percent,...

  • The Bank of England

    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...

  • Hong Kong's unrest may be prompting globe-trotting millionaires to locate to Singapore instead, as the cities each strive to be Asia's financial hub.

  • An investor watches a share prices board in Tokyo, Japan.

    Asian shares traded mixed on Friday, as investors awaited the release of U.S. jobs data that could provide hints to when the Fed will raise interest rates.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher Tuesday, off session highs, supported by gains in energy and tech stocks.

  • UBS

    European equities ended slightly higher on Tuesday as the rally in oil prices helped shake off weak earnings results.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a lower open Tuesday, as investors paused for breath after the S&P 500 breached the 2,100-point level on Monday.

  • New cars of the Volkswagen group are parked ready for shipping at the port of Bremerhaven, Germany, on October 2, 2015.

    Squawk Box Live in Europe had analysis of Standard Chartered and UBS earnings, plus the latest on the Volkswagen scandal.

  • An illuminated Standard Chartered Plc logo is displayed on the Standard Chartered Bank building.

    The Asia-focused bank also announced a strategic review that will see it focus more on affluent retail clients than institutional clients.

  • China is set to pick London as the first overseas financial centre in which to open a yuan sovereign debt market, the FT reports.

  • Barclays

    Barclays' chairman said European investment banks should merge to create a regional champion to compete with US peers, the FT reports.

  • George Osborne, the U.K.’s Chancellor of the Exchequer, has pledged further tax cuts to the country’s businesses - but with conditions attached.