Banks

Citi keeps top spot in FX trading as European banks slump - poll

Photo

LONDON - European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings.

Photo

Alleged Libor ringleader motivated by greed, trial hears 26 May 2015

LONDON - Tom Hayes, a former trader on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors told a London court on Tuesday.

Photo

Swiss lawmakers satisfied with oversight of HSBC Swiss bank 26 May 2015

ZURICH/GENEVA - Swiss lawmakers are satisfied with the country's financial watchdog's oversight of HSBC Holdings PLC's Swiss arm, a parliamentary subcommittee said on Tuesday.

Photo

Lehman collapse shapes Bank of England's trading test for lenders 26 May 2015

LONDON - Britain's top banks will be tested this year for their ability to cope with the type of market mayhem that followed the collapse of U.S. bank Lehman Brothers in 2008, the Bank of England said on Tuesday.

In China, P2P lenders offer some relief to small entrepreneurs 24 May 2015

SHANGHAI/HONG KONG - When Chinese flight booking operator Baitour needed cash to grow its business last year, it opted against using Industrial and Commercial Bank of China, its long-term lender and the world's largest bank, turning instead to Internet finance startup Jimu Box.

Photo

BNP Paribas eyes cost cuts at UK global markets business - source 22 May 2015

LONDON - French bank BNP Paribas is reviewing its global markets business in London in an attempt to cut costs and improve its profitability, a person familiar with the matter said on Friday.

Photo

Shareholder rebuke piles pressure on Deutsche Bank leaders 22 May 2015

FRANKFURT - A stinging rebuke for Deutsche Bank's leaders in a shareholder vote piles pressure on co-Chief Executive Anshu Jain to deliver a convincing strategy in a restructure of Germany's biggest lender in two months' time.

Photo

HSBC confirms may sell Brazil unit after suitors show interest 22 May 2015

HONG KONG/LONDON - HSBC Holdings Plc is exploring the sale of its Brazilian unit after interest in the business stepped up and Santander's Brazilian arm said it would consider a purchase.

Photo

Whitbread names Lloyds' Alison Brittain as new CEO 22 May 2015

LONDON - Whitbread , the owner of Premier Inn hotels and Costa Coffee, on Friday named Lloyds Banking Group executive Alison Brittain as its new boss, succeeding Andy Harrison who last month announced his surprise exit.

Photo

HSBC wins reversal of $2.46 billion Household judgment 22 May 2015

CHICAGO - A U.S. appeals court on Thursday reversed a $2.46 billion judgement against HSBC Holdings Plc in a long-running securities fraud class action stemming from a consumer finance business it bought more than a decade ago.