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United Kingdom

Lawrence White

Exclusive: HSBC cutting around 100 staff in equities business - sources

17 Jan 2020

HONG KONG/LONDON HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.

EXCLUSIVE-HSBC cutting around 100 staff in equities business -sources

17 Jan 2020

HONG KONG/LONDON, Jan 17 HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.

BlackRock vows tougher stance on climate after activist heat

14 Jan 2020

LONDON/BOSTON BlackRock Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world's top asset manager as it faces mounting concerns about its fossil fuel investments. | Video

Deadline to end use of Libor in doubt as banks stall on software changes

13 Jan 2020

LONDON Many banks in Britain are unlikely to hit an October deadline to stop writing loans tied to the discredited Libor benchmark as they grapple with upgrading to crucial new software that allows them to use replacement reference rates, industry sources said.

Travelex bonds slide as cyber attack chokes banks' forex sales

10 Jan 2020

LONDON, Jan 10 The bonds of travel money provider Travelex fell to an eight-month low on Friday after a ratings agency warned about the potential financial hit from a cyber attack last week that crippled its systems.

Barclays pressured by shareholders to cut fossil fuel financing

08 Jan 2020

LONDON A group of Barclays shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe's biggest funders of the sector.

Nightmare before Christmas? Traders dig in for long British election night

11 Dec 2019

LONDON It's the time of year when London's banker and traders wind down and prepare for holidays. Instead, many are cancelling leave and will work all night on Thursday as Britain votes in an unpredictable election that could convulse global markets.

Britain's Lloyds criticized for mistreating victims of major fraud

10 Dec 2019

LONDON Lloyds Banking Group has been heavily criticized for mishandling a compensation scheme for victims of one of Britain's biggest banking scandals in a report published on Tuesday.

World News

Trump adds legal heavyweights Starr, Dershowitz to impeachment team

President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial with the addition on Friday of former independent counsel Ken Starr, who paved the way for former President Bill Clinton's 1998 impeachment, and prominent lawyer Alan Dershowitz.