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
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
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.
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.
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.
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.
- Gold: PRECIOUS-Gold pares gains after Yemen air strikes rattle markets
- Oil Report: UPDATE 17-Oil up 5 pct after Saudi strikes in Yemen; dollar limits gains
- British Pound Report: Sterling weaker on subdued inflation outlook, looming election
- US Dollar Report: FOREX-Dollar gains against euro but slips against yen, franc on Gulf worries