United Kingdom


Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit


A U.S. judge on Monday narrowed but refused to dismiss a lawsuit seeking to hold Deutsche Bank AG liable to investors, including dozens of portfolios from BlackRock Inc and Pacific Investment Management Co, for losses on poorly underwritten residential mortgage-backed securities.


As attacks grow, EU mulls banking stress tests for cyber risks 23 Jan 2017

BRUSSELS The European Union is considering testing banks' defences against cyber attacks, EU officials and sources said, as concerns grow about the industry's vulnerability to hacking.


Lloyds a victim of cyber attack that hit banking services 23 Jan 2017

LONDON Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.


Generali shares up 5 percent on report of Intesa, Allianz interest 23 Jan 2017

MILAN Shares in Assicurazioni Generali rose strongly on Monday following press reports that Intesa Sanpaolo and Germany's Allianz were interested in a possible investment in Italy's biggest insurer.

Exclusive - Warburg Pincus hires Goldman Sachs to sell Safetykleen Europe 23 Jan 2017

MADRID/FRANKFURT U.S. private equity fund Warburg Pincus [WP.UL] has hired Goldman Sachs to sell Safetykleen Europe [WARBPS.UL], which provides used oil collection, recycling and parts cleaning services, four sources with knowledge of the matter said.


JP Morgan sees U.S. telecom sector consolidation, T-Mobile deal 23 Jan 2017

U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.


Morgan Stanley CEO James Gorman's 2016 pay up 7 percent to $22.5 million 20 Jan 2017

Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target.


Morgan Stanley, Citi plan Brexit job moves - sources 20 Jan 2017

LONDON/FRANKFURT U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.


No 'joke' - SocGen admits fault, pays $50 million in U.S. fraud case 20 Jan 2017

NEW YORK Societe Generale agreed to pay a $50 million (40 million pound) civil fine and admit to misconduct to settle U.S. claims that it fraudulently concealed from investors the poor quality of residential mortgage-backed securities it marketed and sold.

No longer 'rising', Africa pushed to the margin at Davos 20 Jan 2017

DAVOS, Switzerland In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fuelled growth boom has soured with a vengeance.