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Earnings support FTSE, StanChart leads banks higher


LONDON British shares rose on Wednesday as gains for Standard Chartered and other companies reporting well-received results helped offset a pullback in healthcare stocks.


Credit Suisse seeks capital security with $4 billion cash call 4:58pm BST

ZURICH Credit Suisse has ditched plans to raise money by listing part of its Swiss business and will instead sell new shares worth about 4 billion Swiss francs (3.12 billion pounds) to get its financial strength back on a par with rivals. | Video

Santander Brasil sees return on equity up despite slow recovery 3:07pm BST

SAO PAULO Banco Santander Brasil SA's profit will likely rise further in coming quarters as Brazil's No. 4 listed bank sells more financial services, cuts loan-loss provisions, and crowds out rivals in key markets despite a slow economic recovery.


Banks will move some operations to Continent soon - Barclays 3:02pm BST

LONDON Banks in Britain will start shifting some operations to Continental Europe reasonably soon to avoid disrupting links with customers after Brexit, Barclays Chief Executive Jes Staley said on Wednesday.


Deutsche Bank weighs moving thousands of jobs from London after Brexit 2:06pm BST

FRANKFURT Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain's decision to leave the European Union, one of its top executives said.


JPMorgan zooming in on Warsaw for new global back office centre 2:01pm BST

WARSAW/LONDON U.S. bank JPMorgan Chase is zooming in on Warsaw as a destination for its new back office operations centre which could eventually employ several thousand people supporting the bank's European and Asian business, sources said.


Brazil growth helps Banco Santander to beat forecasts 1:31pm BST

MADRID Strong growth for Banco Santander in its largest market Brazil drove a 14 percent jump in group profit in the first quarter, rewarding its pivot towards Latin America in search of higher returns.


StanChart first quarter profit doubles to $1 billion as bad loans fall 11:01am BST

LONDON Standard Chartered almost doubled its profit in the first three months of the year after a sharp fall in losses from bad loans, raising the prospect of the Asia-focused bank resuming dividend payments.


Wells Fargo board gets black eye in shareholder vote 25 Apr 2017

PONTE VEDRA BEACH, Fla./BOSTON Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. | Video

Wells Fargo board faces peculiar problem after lukewarm shareholder vote 25 Apr 2017

BOSTON/PONTE VEDRA BEACH, Fla. Wells Fargo & Co's directors face an unusual and difficult task after shareholders rebuffed most of them: reformulating the board in a way that satisfies investors without causing more chaos.

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