HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive Stuart Gulliver …
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief executive, chairman and for a handful …
Britain has given its banks three months to show how they plan to protect their retail customers from riskier parts of their operations. The Bank of England is forcing lenders to set up a boundary around their high street operations …
European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies. The …
Staff have been quitting Britain’s financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe’s biggest …
When Argentina froze access to bank deposits in December 2001, the popular backlash was so severe its president and his successor had resigned within a month. Cyprus, where banks reopened on Thursday after being closed for nearly two weeks, has …
Britain’s Barclays and RBS paid more than 500 staff over 1 million pounds ($1.5 million) in 2012, a year when both were embroiled in rate rigging and mis-selling scandals. Both Barclays and RBS are paying out billions of pounds in …
Barclays set aside another £1 billion ($1.58 billion) to compensate customers for mis-selling products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanors. UK banks are embroiled in two separate mis-selling scandals, …
While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about a rising tide of civil lawsuits from disgruntled customers. UBS shares touched 18 month highs after U.S., Swiss and British …
Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank’s financial probity and also said its profit was hit by charges for mis-selling insurance. Its shares fell almost 5 percent, hurt by …
