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Rachel Armstrong

Doubts over Deutsche Bank turnaround plan dent shaky shares

10 Jul 2019

LONDON/FRANKFURT Deutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany. | Video

After Deutsche Bank cuts, where will the growth be?

08 Jul 2019

LONDON/FRANKFURT For Deutsche Bank chief executive Christian Sewing, shrinking the group's investment bank will be the relatively easy - if expensive - part of his restructuring plan.

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

18 Mar 2019

By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia | Video

RBS says 50 billion euros-plus of cross-border payments threatened by Brexit

15 Feb 2019

LONDON The political turmoil surrounding Britain's departure from the European Union threatens Royal Bank of Scotland's ability to clear more than 50 billion euros ($56 billion) per day in cross-border payments, the bank said on Friday.

RBS says 50 billion euros-plus of cross-border payments threatened by Brexit

15 Feb 2019

LONDON The political turmoil surrounding Britain's departure from the European Union threatens Royal Bank of Scotland's ability to clear more than 50 billion euros (44.08 billion pounds) per day in cross-border payments, the bank said on Friday.

HSBC picks company veteran John Flint as new chief executive

12 Oct 2017

LONDON HSBC has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe's biggest bank. | Video

UK banks might become test bed in fight against cyber attacks

26 Sep 2017

LONDON Britain's banks may have to comply with the world's first set of rules for coping with cyber attacks and other outages, Bank of England Deputy Governor Sam Woods said on Tuesday.

Bank of England braced for 130 licence applications before Brexit

26 Sep 2017

LONDON The Bank of England expects 130 financial firms from across Europe to apply for licences to continue operating in Britain after Brexit, its Deputy Governor Sam Woods said.

StanChart CEO says Gulf rift puts Dubai finance hub at risk

07 Aug 2017

LONDON The boss of Standard Chartered has warned that Dubai risks damaging its status as a financial centre as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates.

World News