Edition:
United Kingdom

Banks

JPMorgan, Microsoft, Intel and others form new blockchain alliance

Photo

NEW YORK JPMorgan Chase & Co, Microsoft Corp, Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.

Photo

Tesla deepens recent losses after Goldman recommends selling 27 Feb 2017

SAN FRANCISCO Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan.

Photo

HSBC gags some analysts on politics as banks clam up 27 Feb 2017

LONDON Major banks are clamping down on market analysts talking publicly about politics for fear of appearing to take sides, with HSBC taking its main global currencies commentator off air in an intensification of the crackdown.

Photo

Goldman's new London office set for occupancy in 2019 27 Feb 2017

Goldman Sachs Group Inc is building a 1.1 million square foot office in London with initial occupancy slated for 2019, it said in a regulatory filing on Monday, even as global banks grapple with risks around Brexit.

Photo

Upstart analysts show banks the way in new era for research 27 Feb 2017

LONDON From a non-descript office in south London, Mark Hiley may be showing the way for Wall Street giants such as JPMorgan and Merrill Lynch to adapt to new European rules requiring them to charge an explicit fee for investment research.

Photo

Deutsche Bank board member says staff not quitting over bonus cuts-paper 26 Feb 2017

FRANKFURT Bonus cuts at German flagship lender Deutsche Bank , announced in January, have so far not led to a mass exodus of employees, one of its board members told a German weekly newspaper.

Photo

Buffett mulls change to canny Bank of America stake if dividend rises 25 Feb 2017

Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc made on Bank of America Corp , but might eventually swap the preferred stock that Berkshire owns into common stock.

Photo

Italian financial mega-deal off as Intesa ditches Generali plan 24 Feb 2017

MILAN Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders.

Photo

FTSE posts first weekly loss in a month on weak banks and miners 24 Feb 2017

LONDON Britain's top share index hit a two-week low on Friday and ended a run of three straight weeks of gains, with lenders Standard Chartered and RBS among the biggest fallers.

Photo

OPEC compliance seen growing as laggards Iraq and UAE pledge action 24 Feb 2017

LONDON OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.

More From Around the Web