Banks

Switzerland's UBP to buy RBS's Coutts International

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ZURICH/LONDON - Switzerland's Union Bancaire Privee (UBP) is buying the international business of 300-year-old British wealth manager Coutts, the latest deal by a Swiss private bank aimed at branching out from its struggling home market.

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Dutch government delays ABN Amro listing over executive pay row 9:30am GMT

AMSTERDAM - The Dutch government said on Friday it had delayed a decision on when to privatise ABN Amro bank over a dispute about executive pay.

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Andorra to create 'bad bank' to group BPA toxic assets 8:43am GMT

MADRID - Andorra will create a 'bad bank' to group the assets of Banca Privada d'Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.

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JPMorgan retains number one spot in investment banking but revenues slip 4:08am GMT

LONDON - The U.S. bank JPMorgan retained its crown as the top performing investment bank in 2014, although its revenues fell 6 percent, new data showed on Friday.

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UBP set to buy RBS's Coutts International 26 Mar 2015

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.

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Nomura, RBS 'crap' emails come into play in $1 billion mortgage bond trial 26 Mar 2015

NEW YORK - In 2007, a Royal Bank of Scotland Group Plc employee emailed his boss with his view of a sample of mortgages underlying a bond that the bank was underwriting: "This one is crap."

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Half of China's total trade to be settled in yuan by 2020 - HSBC CEO 26 Mar 2015

HONG KONG - Cross-border trade settlement denominated in China's yuan currency is expected to climb to over 50 percent of China's total trade by 2020, more than doubling the current level, Stuart Gulliver, HSBC's Group Chief Executive, said on Thursday.

HSBC's Islamic banking unit raises 137 million pounds in Malaysia sukuk sale - IFR 26 Mar 2015

- The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit (137 million pounds) from the sale of a 5-year Islamic bonds (sukuk) at a yield of 4.24 percent, IFR reported on Thursday.

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British taxpayers' stake in Lloyds falls below 22 percent 26 Mar 2015

LONDON - British taxpayers have recovered 9 billion pounds from their bailout of Lloyds Banking Group , following a 500 million pound share sale that has reduced public ownership of the bank to just under 22 percent.

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UBS targets Asia for wealth management growth - chief executive 26 Mar 2015

BEIJING - UBS AG , the world's biggest wealth manager, expects Asia Pacific assets to account for as much as 30 percent of the funds it oversees within the next 10 years, the Swiss bank's chief executive said.