Edition:
United Kingdom

Lawrence White

21 Mar 2017

UK to investigate any UK banking involvement in 'Laundromat' case

LONDON Britain said on Tuesday that its authorities would investigate newspaper allegations that UK-based banks had been used in a global money laundering scheme.

17 Mar 2017

Ex-Barclays boss Diamond buys Panmure in investment banking return

LONDON Former Barclays chief executive Bob Diamond marked a return to investment banking in Britain on Friday with a Qatari-backed takeover of stockbroker Panmure Gordon , one of the oldest names in the City of London.

13 Mar 2017

HSBC names AIA's Tucker as chairman in break with past

HONG KONG/LONDON HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018. | Video

13 Mar 2017

Tough Tucker takes Asian growth formula to ailing HSBC

HONG KONG/LONDON HSBC's new Chairman Mark Tucker is known in Asia as one of the region's most successful finance executives for taking insurer AIA through a stock market listing and then more than doubling its market value through a relentless focus on new business.

13 Mar 2017

Tough Tucker takes Asian growth formula to ailing HSBC

HONG KONG/LONDON HSBC's new Chairman Mark Tucker is known in Asia as one of the region's most successful finance executives for taking insurer AIA through a stock market listing and then more than doubling its market value through a relentless focus on new business.

09 Mar 2017

Co-op Bank plans 477 million pounds capital raising if sale fails

LONDON Britain's Co-operative Bank said it will seek to raise up to 750 million pounds of additional core capital if its plan to sell itself fails, as the lender reported a 2016 loss of 477 million pounds.

08 Mar 2017

Exclusive: Barclays to close mortgage centre in Wales, cutting jobs

LONDON Barclays Plc is to close a mortgage centre in Cardiff, Wales, with the loss of more than 180 jobs, sources with direct knowledge of the matter said on Wednesday, as the bank continues a major restructuring to cut costs.

08 Mar 2017

EXCLUSIVE: Barclays to close mortgage centre in Wales, cutting 180 jobs - sources

LONDON Barclays Plc is to close a mortgage centre in Cardiff, Wales, with the loss of more than 180 jobs, sources with direct knowledge of the matter said on Wednesday, as the bank continues a major restructuring to cut costs.

07 Mar 2017

Private equity firms offer to buy Shawbrook bank in $1 billion deal

LONDON British bank Shawbrook Group Plc said on Friday it has received a joint offer from two private equity firms to buy the lender less than two years since it went public, in a deal worth 825 million pounds.

03 Mar 2017

Britain's small companies hoard cash as Brexit looms

LONDON Britain's smaller companies are hoarding cash and cutting investment, bankers say, a sign of business confidence starting to wobble as the government sets off down the uncertain path of leaving the European Union.

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