UBP set to buy RBS's Coutts International - source

ZURICH - Swiss private bank Union Bancaire Privee (UBP) is set to buy Royal Bank of Scotland's international private banking arm Coutts International, a source familiar with the deal told Reuters on Thursday.

Recent Business News

Oil up 5 percent after Saudi strikes in Yemen; dollar limits gains

NEW YORK - Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. | Video

FXpert, Yemen, Middle East 7:13pm GMT

Bank of England to quiz fund managers over short-notice redemptions

LONDON - The Bank of England said on Thursday that it planned to quiz British asset managers about whether they could cope with a flood of investors asking for their money back in times of market stress.

4:22pm GMT

Aviva, Friends Life shareholders vote for merger

LONDON - Shareholders of British insurers Aviva and Friends Life voted on Thursday in favour of Aviva's 5.6 billion pound ($8.4 billion) takeover of Friends Life.

6:33pm GMT

Greece prepares reforms, eyes deal with euro zone next week

ATHENS - Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday.

World, 5:14pm GMT

ECB's Draghi says money printing already helping recovery

ROME - Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect.

4:09pm GMT
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