United Kingdom


Goldman Sachs' Latam investment bank chief to leave-source


MEXICO CITY/NEW YORK Martin Werner, co-head of Goldman Sachs' investment banking business in Latin America, will depart the Wall Street bank at the end of this year, according to a person familiar with the situation.

Clash at France's Credit Mutuel heats up as part of group votes for autonomy 22 Oct 2016

PARIS Credit Mutuel, France's third-biggest cooperative bank, said on Saturday it would examine the consequences of a possible divorce with a group of its regional banks, whose shareholders voted earlier to seek financial independence.


Nordea chairman says merger with ABN Amro would create 'fine bank' 22 Oct 2016

HELSINKI A merger between Sweden's Nordea and Dutch state-owned lender ABN Amro would make "a pretty fine bank," and early talks may continue after a March 2017 election in the Netherlands, Nordea chairman Bjorn Wahlroos said on Saturday.

U.S. to seek ex-HSBC executive's extradition from Britain 22 Oct 2016

NEW YORK The United States will seek the extradition from Britain of a former HSBC Holdings Plc executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction, prosecutors said on Friday.


Credit Suisse reaches 109.5 million euro settlement in Italy 21 Oct 2016

MILAN/ZURICH Credit Suisse has agreed to pay 109.5 million euros (97.36 million pounds) in taxes and penalties to settle allegations by Italian authorities that it helped clients transfer undeclared funds offshore, the Swiss bank said on Friday.


Exclusive - Swiss lobby U.S. ahead of UBS, Credit Suisse RMBS settlements 20 Oct 2016

BERN Switzerland urged U.S. officials to consider the global importance of UBS and Credit Suisse in a recent meeting ahead of potential fines for Switzerland's two big banks over claims they mis-sold mortgage-backed securities, a top Swiss diplomat said.


U.S. judge picks monitor for Deutsche Bank over regulator's choice 20 Oct 2016

NEW YORK A U.S. judge on Thursday approved a U.S. Commodity Futures Trading Commission deal with Deutsche Bank AG in which a monitor would be appointed to ensure the bank reports swaps data properly, but named someone other than the regulator's choice.


Ex-Goldman recruit drives HSBC's investment banking ambitions 20 Oct 2016

LONDON Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues.


Gulf investors prepared to buy 25 percent Deutsche Bank stake - Manager Magazin 20 Oct 2016

FRANKFURT Deutsche Bank's shares jumped 4 percent on Thursday following a report by German business monthly Manager Magazin, which said sovereign wealth funds from Qatar and Abu Dhabi and a Chinese investor could buy a 25 percent stake in the lender.


HSBC plans to inject $1 billion into Indonesia business - regulator 20 Oct 2016

JAKARTA British lender HSBC plans to inject $1 billion (0.82 billion pounds) of additional capital into its combined Indonesian business with PT Bank Ekonomi Raharja, an official at the Indonesian financial regulator, Ariastiadi, said on Thursday.