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United Kingdom

Banks

Lloyds Banking Group profit hits record 5.3 billion pounds but misses estimates

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LONDON Lloyds Banking Group reported its highest pre-tax profit since 2006 on Wednesday, announcing a share buy-back of up to one billion pounds and 3 billion pounds of strategic investment over the next three years.

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Lloyds' CEO earns 6.4 million pounds in banner year for bank 9:34am GMT

LONDON Lloyds Banking Group has awarded its CEO Antonio Horta-Osorio an 11 percent pay rise to 6.42 million pounds in 2017, in a year when the lender's return to private ownership prompted speculation the chief executive's job might be done.

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MPs release RBS business report, defying regulator 7:40am GMT

LONDON British lawmakers on Tuesday published in full a confidential report detailing Royal Bank of Scotland's mistreatment of struggling businesses during and after the financial crisis.

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HSBC weighs on banks as European stocks advance 20 Feb 2018

LONDON European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital.

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Corbyn warns bankers - finance will serve Britain under Labour 20 Feb 2018

LONDON Britain's financial sector will be "the servant of industry not the masters of all" if the opposition Labour Party gets into power, its leader Jeremy Corbyn said on Tuesday, accusing bankers of taking the economy hostage.

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Disappointing HSBC update, weak miners keep FTSE flat 20 Feb 2018

MILAN A disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness weighed on the UK's top share index on Tuesday.

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HSBC profit disappoints as CEO Gulliver bows out 20 Feb 2018

HONG KONG/LONDON HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion (5 billion pounds) to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. | Video

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Deutsche Bank to launch DWS IPO next week, sources say 20 Feb 2018

FRANKFURT Deutsche Bank  plans an initial public offering of its asset-management arm, DWS, on Monday next week, following on the heels of Siemens' blockbuster Healthineers listing, sources close to the matter said.

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With stimulus exit looming, communication challenges await new BOJ trio 20 Feb 2018

TOKYO The incoming Bank of Japan leadership looks similar to the one going out but its mission ahead will likely be much different - winding down extraordinary stimulus measures of the past five years and communicating how that will be done to the markets.

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HSBC boss scores bumper farewell pay package as bank profits rise 20 Feb 2018

LONDON HSBC has awarded departing Chief Executive Stuart Gulliver a 6.1 million pounds ($8.51 million) pay package for his final year in charge, teeing up a possible clash with investors who have challenged the lender's largesse for years.