United Kingdom

Lawrence White

HSBC says number of jobs moved so far due to Brexit is tiny

12 Apr 2019

BIRMINGHAM, England HSBC has so far moved only a "tiny" number of jobs to Paris in order to deal with Brexit, Chief Executive John Flint said on Friday, in the bank's most detailed comments yet on its plans.

Major UK financial firms make little progress on gender pay gap

05 Apr 2019

LONDON Major financial services firms in Britain have made very little progress in narrowing the gap between male and female pay and more than a third have gone backwards, a Reuters analysis of gender pay data shows.

StanChart extends U.S. deferred prosecution agreement by 10 days

01 Apr 2019

LONDON Standard Chartered has agreed a 10-day extension of its deferred prosecution agreement (DPA) with United States authorities over Iranian sanctions violations, suggesting the conclusion of a probe into its behavior may be near.

Network International's share sale draws strong demand

01 Apr 2019

LONDON Payments processor Network International had its books covered rapidly on Monday after announcing a flotation that values the company at up to $3 billion (2.29 billion pounds) in its forthcoming London listing, one source close to the deal said.

London court told of death threat as denies Indian billionaire bail

29 Mar 2019

LONDON Fugitive billionaire jeweller Nirav Modi was denied bail in a London court on Friday, following his arrest last week on charges over his alleged involvement in a $2 billion (1.5 billion pounds) fraud at India's state-run Punjab National Bank.

Brexit and trade to haunt Europe's investment banks in nightmare quarter

28 Mar 2019

LONDON Europe's beleaguered investment banks are preparing to report one of their toughest first quarters as qualms over Brexit and global trade tensions dampened investors trading appetite. | Video

Barclays CEO Staley grabs control of investment bank, ousts Throsby

27 Mar 2019

LONDON Barclays chief executive Jes Staley took direct control of its under-pressure investment bank on Wednesday, ousting the head of the business Tim Throsby in a surprise shake-up as he battles an activist investor.

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