Citigroup-linked China broker plans $1.6 billion Shanghai IPO

SHANGHAI, Mar 3 - Orient Securities Company Limited, the joint venture partner of a Citigroup Inc unit, plans to raise 10 billion yuan ($1.59 billion) in an initial public offering (IPO) on the Shanghai stock exchange, the brokerage said late on Monday.


Barclays to set aside more for forex fines and customer compensation 02 Mar 2015

LONDON - Barclays is expected to set aside more money for potential foreign exchange fines and to add to its compensation tab for UK customer mis-selling, eating into an expected slim rise in profits.


HSBC not the troublemaker made out to be, rival Swiss banker says 28 Feb 2015

ZURICH - HSBC , in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday.


Credit Suisse says lifts provisions in U.S. mortgage securities case 27 Feb 2015

ZURICH/NEW YORK - Credit Suisse said on Friday it would put aside more funds for a U.S. probe and other litigation about whether the Swiss bank deceived investors in risky mortgage-backed securities it had issued in the run-up to the financial crisis.


Standard Chartered staff braced for big change under Winters 27 Feb 2015

HONG KONG - Incoming Standard Chartered Chief Executive Bill Winters will need to take tough decisions that predecessor Peter Sands deemed unnecessary, in order to reverse a two-year slump in the bank's fortunes, according to some insiders and bankers.


Lloyds to pay first dividend since rescue 27 Feb 2015

LONDON - Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a milestone in the bank's recovery after it was bailed out during the financial crisis. | Video


FTSE touches record highs as IAG, Standard Chartered rise 27 Feb 2015

LONDON - Britain's top equity index touched a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group .


How Sands fell from grace at Standard Chartered 27 Feb 2015

LONDON/HONG KONG - In summer 2012 Peter Sands was flying high as Standard Chartered Chief Executive, batting back questions on whether he was tempted to run Barclays or even the Bank of England.

Carlyle splashes out $31.2 million on former JPMorgan executive 27 Feb 2015

- Carlyle Group LP paid its co-president who was hired last year from JPMorgan Chase & Co $31.2 million (20.2 million pounds) in 2014, a higher compensation than many veterans received at the private equity firm, a regulatory filing showed on Thursday.


RBS shrinks investment bank, posts 3.5 billion-pound loss 27 Feb 2015

LONDON - Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.