Edition:
United Kingdom

Lawrence White

StanChart set to miss 2018 cost targets - executive

19 Oct 2018

LONDON Standard Chartered is a facing "a significant challenge" to meet its 2018 cost reduction targets and will likely cut jobs, freeze hiring and reduce investment, its chief financial officer said in an internal email.

HSBC poised to be first firm to issue Chinese Depositary Receipts -sources

18 Oct 2018

HONG KONG HSBC Holdings PLC is set to be the first company to issue Chinese Depositary Receipts (CDRs), through a link between the London and Shanghai stock exchanges which will begin by year end, people familiar with the matter told Reuters on Thursday.

Europe's top bankers shun Saudi investment conference

17 Oct 2018

LONDON The bosses of some of Europe's biggest banks and finance firms have pulled out of a high-profile investment conference in Saudi Arabia, joining a growing list of business chiefs to abandon the event amid widespread concern about the fate of a journalist. | Video

Mnuchin to attend top Saudi event, media exit over missing journalist

13 Oct 2018

DUBAI/LONDON U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.

U.S.'s Mnuchin to attend top Saudi event, media exit over missing journalist

13 Oct 2018

DUBAI/LONDON U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.

Lloyds awards 30 billion pound investment contract to BlackRock

12 Oct 2018

LONDON Lloyds Banking Group has awarded BlackRock a 30 billion pound ($40 billion) slice of one of Europe's biggest investment contracts to be invested using the U.S. company's various index strategies.

U.S. investigating possible StanChart Iran breaches after 2012 deal: CEO

09 Oct 2018

LONDON U.S. authorities are investigating whether Standard Chartered breached Iran-related compliance rules as recently as 2013, a year after it settled with them over earlier allegations of breaches and pledged to improve internal controls.

German digital bank N26 launches in Britain, sets sights on U.S.

04 Oct 2018

LONDON Berlin-based digital bank N26 launched in Britain on Thursday and will open in the United States in the first quarter of next year, its Chief Executive told Reuters.

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