United Kingdom


Italy bank fund to own at least 92 percent of Pop Vicenza after cash call

MILAN Italy's newly-created bank rescue fund Atlante is set to own at least 92 percent of Banca Popolare di Vicenza after investors took up a fraction of the lender's 1.5 billion euro ($1.7 billion) cash call, the bank said on Saturday.


Vodafone picks BofA, Kotak, UBS, other banks for India IPO - sources 30 Apr 2016

SINGAPORE/HONG KONG, April 30 British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan.


RBS's loss more than doubles, dividend prospects darken 29 Apr 2016

LONDON Royal Bank of Scotland reported a sharp rise in losses in the first quarter on Friday and cautioned on the timing of a return to dividend payouts as lower income, restructuring costs and sluggish asset sales underscored the challenges still facing the lender. | Video


Insight - How Barclays turned a $10 billion profit into a tax loss 29 Apr 2016

LONDON When Barclays Plc sold a fund management business to U.S. financial group Blackrock Inc. in 2009, the larger-than-expected $15.2 billion (£10.4 billion) price tag was not the only good news for the British bank's investors.


Credit Suisse's Thiam faces shareholder ire at AGM 29 Apr 2016

ZURICH Credit Suisse's leadership came under fire on Friday from shareholders disgruntled by a share slide amid a major restructuring of Switzerland's second-biggest bank.


Brexit could cost each Briton 45,000 pounds in lost wealth - JPMorgan 29 Apr 2016

LONDON A vote to leave the European Union in a June 23 referendum could cost each Briton around 45,000 pounds, or around half the value of the United Kingdom's housing stock, JPMorgan Chase & Co said in a research report.


EU not fully prepared to deal with failing banks - EU officials 29 Apr 2016

BRUSSELS The European Union still has work to do to prepare for handling bank collapses in the event of a new financial crisis, EU officials said on Friday, urging member states to agree on pooling more resources to weather future storms.


Deutsche Bank faces heated AGM as board squabble escalates 29 Apr 2016

FRANKFURT Deutsche Bank appears headed for another stormy shareholder meeting in three weeks' time following public squabbling in its supervisory board and the ejection of the board's member tasked with clearing up past scandals.


Barclays targets 'clean and prosperous' 2018 as overhaul continues 28 Apr 2016

LONDON Barclays Chairman John McFarlane has pledged to deliver a "clean and prosperous" 2018 to investors, putting a deadline on a vast programme of restructuring and asset sales that will cause staffing numbers to fall by 50,000.


RBS says may miss end-2017 deadline to carve out Williams & Glyn 28 Apr 2016

LONDON Part-nationalised Royal Bank of Scotland risks missing an end-2017 deadline to sell its Williams & Glyn brand, it said on Thursday, raising doubts about how soon it will be ready to pay dividends and return to private ownership.