United Kingdom

Lawrence White

Lloyds Bank boss defends pension perks

11:24am BST

LONDON Lloyds Banking Group Chief Executive Antonio Horta-Osorio on Wednesday told lawmakers his pension and pay are in line with the market rate, amid widening scrutiny of the gap between bosses' and ordinary workers' pensions in Britain.

UK digital bank Monzo takes first steps into U.S. market

13 Jun 2019

NEW YORK/LONDON Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday.

Trump strikes 'supportive' tone in meeting with British business leaders - sources

04 Jun 2019

LONDON U.S. President Donald Trump struck a positive, conciliatory tone with top British and U.S. business leaders at a meeting in London on Tuesday, sources familiar with the talks told Reuters, despite tensions between the two countries over China's Huawei.

Staley defies Bramson in Barclays' Asian investment bank revival

31 May 2019

LONDON Barclays is plotting a revival of its Asian investment bank, defying activist Edward Bramson just weeks after he failed to convince fellow shareholders to back radical cuts to the British bank's trading arm.

Watches of Switzerland shares climb 15% on London debut

30 May 2019

LONDON Shares in Britain's biggest watch retailer Watches of Switzerland Group Ltd rose by as much as 15% on their debut on the London Stock Exchange on Thursday.

A decade after the crash, Barclays bets again on bundling U.S. home loans

28 May 2019

LONDON Ten years on from the global financial crisis caused by a crash in bonds tied to U.S. home loans, Britain's Barclays is betting a return to that market can bring in bumper revenues to fortify its investment bank.

UK's Tesco to sell $4.7 billion mortgage book as competition bites

21 May 2019

LONDON Britain's biggest retailer Tesco will stop mortgage lending at its banking business because of tough market conditions, it said on Tuesday, as rival lender Nationwide Building Society reported a drop in profit margins.

StanChart hit by investor protest over CEO pay

08 May 2019

LONDON Standard Chartered has become the latest British firm to attract investor criticism of executive pensions, although shareholders stopped short of blocking the lender's pay plans outright in a vote on Wednesday.

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