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United Kingdom

Lawrence White

Citi defies coronavirus with Western European corporate lending push

04 Jun 2020

LONDON Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.

Monzo cutting up to 120 jobs due to coronavirus impact

03 Jun 2020

LONDON Digital bank Monzo is cutting up to 120 jobs, according to an internal note seen by Reuters on Wednesday, as the impact of the coronavirus pandemic on its business begins to bite.

HSBC and StanChart back China security law for Hong Kong

03 Jun 2020

HONG KONG/LONDON HSBC and Standard Chartered banks gave their backing to China's imposition of a national security law on Hong Kong on Wednesday in a break from their usual policy of political neutrality.

HSBC and StanChart back China security law for Hong Kong

03 Jun 2020

HONG KONG/LONDON HSBC and Standard Chartered banks gave their backing to China's imposition of a national security law on Hong Kong on Wednesday in a break from their usual policy of political neutrality.

Britain's Monzo cutting up to 120 jobs due to coronavirus impact

03 Jun 2020

LONDON, June 3 British digital bank Monzo is cutting up to 120 jobs, according to an internal note seen by Reuters on Wednesday, as the impact of the coronavirus pandemic on its business begins to bite.

British lender Nationwide cuts saver benefits after profit slump

29 May 2020

LONDON Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.

British finance workers prepare for return to office of the future

21 May 2020

LONDON Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus.

Banks baffle investors as art meets science in accounting rule

05 May 2020

LONDON Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors.

RBS scraps Bó as profit halved by $1 billion coronavirus provision

01 May 2020

LONDON Royal Bank of Scotland's profit halved in the first quarter as it set aside 802 million pounds ($1 billion) to cover an expected spike in bad loans due to the coronavirus pandemic, the state-backed lender said on Friday. | Video

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