Banks

Exclusive - ING on course to win auction for HSBC's Turkish bank: sources

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ISTANBUL/LONDON - Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people familiar with the matter said on Thursday.

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UK sells more of Lloyds bank stake, $19.5 billion raised so far 10:07am BST

LONDON - Britain has cut its stake in Lloyds Banking Group to below 16 percent, taking the total raised through the sale of the government's shares in the bank to more than 12.5 billion pounds ($19.5 billion).

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RBS refers clients to Paribas for transaction services 8:30am BST

LONDON - Royal Bank of Scotland said it will no longer provide cash management and trade finance services to thousands of customers outside Britain and Ireland and will instead refer them to French bank BNP Paribas.

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New Deutsche Bank CEO delays overhaul, warns staff to behave 01 Jul 2015

FRANKFURT - Deutsche Bank's new Chief Executive John Cryan delayed implementing a strategic overhaul by three months but told staff to expect tough reforms as he shakes up a group that he said had become too diversified and complex. | Video

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Thiam gets to work at Credit Suisse as new team takes shape 01 Jul 2015

ZURICH - Tidjane Thiam put his stamp on Credit Suisse on his first day as chief executive on Wednesday, starting to build his top team and telling staff the Swiss bank needed a strong balance sheet to help it through rough times.

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Bank of England delves deeper into market illiquidity conundrum 01 Jul 2015

LONDON - The Bank of England's risk watchdog will extend its focus beyond making banks more stable to look at the lack of liquidity in fixed-income markets, which are now braced for more volatility as bonds price in eventual interest rate rises.

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Allied Irish can sue Citigroup over rogue trader Rusnak - U.S. judge 01 Jul 2015

NEW YORK - A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss.

Santander forms fintech joint venture with Monitise 01 Jul 2015

LONDON - Spanish bank Santander and British mobile banking software provider Monitise have formed a joint venture to invest in financial technology businesses, they said on Wednesday.

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Insight - JPMorgan builds up apartment-loan leader from WaMu rubble 01 Jul 2015

NEW YORK - In September 2008, JPMorgan Chase & Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction.

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BNP Paribas must pay investors $16.6 million in arbitration - panel 30 Jun 2015

- A BNP Paribas SA unit must pay $16.6 million (£10.55 million) to a London-based couple in a dispute stemming from an investment product that is typically sold to hedge funds and institutional clients, a securities arbitration panel has ruled.