Banks

Exclusive - Citi aims to boost equities franchise amid industry shakeout

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NEW YORK - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. | Video

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Payments glitch at HSBC leaves thousands of Britons without wages 28 Aug 2015

LONDON - Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.

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Investors pull record $29.5 billion from equity funds in China-driven rout - BAML 28 Aug 2015

LONDON - Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China's markets and economy have aroused around the world.

Emboldened by $5.2 billion Brazil deal, HSBC drags feet in Turkey - sources 28 Aug 2015

ISTANBUL - HSBC is dragging its feet on the sale of its Turkish business to ING Group , two sources familiar with the matter said, as the bank is no longer in a hurry to exit Turkey after securing a hefty $5.2 billion for its Brazilian unit.

Diamond's Atlas Mara on lookout for more deals after swing to profit 27 Aug 2015

LONDON - Atlas Mara, the African bank co-founded by former Barclays boss Bob Diamond, said it remains on the hunt for more deals and may double the number of countries it operates in after swinging to its first profit.

Nippon Life in talks to buy NAB's insurance unit - Yomiuri newspaper 27 Aug 2015

SYDNEY/TOKYO - Nippon Life Insurance Co [NPNLI.UL] is in "serious" talks to buy National Australia Bank Ltd's insurance business in a deal that could be worth up to $2.5 billion (1.61 billion pounds), Japan's Yomiuri newspaper reported on Thursday.

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Exchanges, Barclays win dismissal of U.S. high-frequency trading case 27 Aug 2015

NEW YORK - Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders.

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Exchanges, Barclays win dismissal of U.S. high-frequency trading case 26 Aug 2015

NEW YORK - Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders.

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Greece deal points to flexible approach to bank rescues in EU 26 Aug 2015

LONDON - European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say.

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Deutsche Bank manager a focus in Russia share trade probe - source 21 Aug 2015

FRANKFURT - A probe by Deutsche Bank into questionable share trades involving its Moscow unit has prompted further enquiries into whether a senior staff member took bribes, a source familiar with the situation said on Friday.