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Banks

ECB could provide cash to failing banks if conditions met - Coeure

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FRANKFURT The European Central Bank could provide liquidity to failing banks while they are being wound down under certain conditions, ECB director Benoit Coeure said on Monday.

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Deutsche Bank joins growing swell of optimism for UK stocks 1:50pm BST

LONDON Deutsche Bank joined a growing chorus of brokers becoming more positive on British stocks on Monday, upgrading its recommendation on UK equities to "overweight", citing cheap valuations and a predicted boost from a weaker pound.

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Chinese central bank governor says economy strong, financial leverage under control 22 Apr 2018

BEIJING China's economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People's Bank of China Governor Yi Gang said on Saturday, according to Xinhua.

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Multiple 'No' votes at Deutsche Bank's April 8 meet to change CEO - sources 21 Apr 2018

FRANKFURT Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank earlier this month, according to several people with knowledge of the matter.

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Wells Fargo agrees to pay $1 billion to settle customer abuses 20 Apr 2018

Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. | Video

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HBOS whistleblower says Barclays case tells others 'don't bother' 20 Apr 2018

LONDON British whistleblowers will be less likely to speak out, now that the chief executive of Barclays has been allowed to keep his job after trying to unmask an informant at the bank, another whistleblower and the head of a support group said on Friday.

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HSBC bosses grilled on bank's gender pay gap and diversity 20 Apr 2018

LONDON Staff and investors in HSBC questioned its new bosses on Friday over how they will improve gender balance and ethnic diversity in senior management at a bank that only weeks ago reported the biggest gender pay gap among big British companies.

Flows into U.S., EM equities and high-yield bonds show investors still hungry for risk - BAML 20 Apr 2018

LONDON Investors are still keen on risk assets despite bearish signals such as a flattening U.S. yield curve and a surprise move by China to cut bank reserve requirements, Bank of America Merrill Lynch strategists said on Friday.

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HSBC to stop financing most new coal plants, oil sands, arctic drilling 20 Apr 2018

LONDON Europe's largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.

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Barclays board may be a step too far for activist Bramson 20 Apr 2018

LONDON Major Barclays shareholders will baulk at any bid by activist Edward Bramson to gain a seat on the bank's board, despite giving their cautious backing to the biggest bet of his career.