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Britain's bank 'ring-fencing' rules need simplifying, review shows

By Huw Jones LONDON, Jan 19 (Reuters) - Capital rules imposed on Britain's high street banks after bailouts during the global financial crisis have not harmed competition but may need simplifying, a government-sponsored review said on Wednesday. Since January 2019, banks like HSBC, Lloyds, NatWest and Barclays with deposits of 25 billion pounds ($3
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Number of female German bank CEOs fell in 2021, study shows

FRANKFURT, Jan 19 (Reuters) - Only eight of Germany's largest 100 banks had women as their chief executives in late 2021, down from 10 a year earlier, a German Institute for Economic Research (DIW) report found. During the same period, the number of female CEOs at Germany's top 200 companies based on revenue grew, highlighting a long-standing gap t
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UK Stocks-Factors to watch on Jan 19

Jan 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower with futures FFIc1 down 0.61% on Wednesday. * JD WETHERSPOON: British pub group JDW.L warned it would record a loss for the first half of the fiscal year after the Omicron coronavirus variant led to renewed curbs and kept people from heading out during the holidays. * CENTAMIN:
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UK Stocks-Factors to watch on Jan 19

Jan 19 - Britain's FTSE 100 .FTSE index is seen opening lower with futures FFIc1 down 0.61% on Wednesday. * BHP GROUP: BHP Group BHPB.L BHP.AX reported a 5% rise in iron ore production for the second quarter, driven by strong performance at its Jimblebar mine and ramped up production at South Flank in Western Australia * HSBC: British lender HSBC H
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British lawmakers seek judicial review of hedging redress scheme

By Huw Jones LONDON, Jan 17 (Reuters) - Lawmakers are pursuing a judicial review of a decision not to widen a British redress scheme for businesses that were missold interest rate 'hedging' products, saying that this had allowed banks to reduce compensation payouts by 10 billion pounds. Thousands of small businesses received 2.2 billion pounds ($3
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HSBC investment bank co-head takes 6 months break

LONDON, Jan 14 (Reuters) - The co-head of HSBC's investment bank Georges Elhedery will take a 6-month sabbatical from the bank starting in March, according to an internal memo seen by Reuters on Friday. Greg Guyett, who co-heads the Global Banking and Markets business with Elhedery, will take over sole responsibility for the division. Elhedery plan
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Countryside Properties, M&S drag British midcaps lower; banks lift FTSE 100

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Tesco, M&S slip after lifting profit outlooks * Countryside Properties drops as CEO steps down * FTSE 100 up 0.2%, FTSE 250 off 0.4% (Updates to close) By Shashank Nayar Jan 13 (Reuters) - London's FTSE 250 index slipped on Thursday, dragg
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Saudi National Bank gets $750 million via debut 'sustainable' sukuk

(Updates with size, launch, final spread, background) By Yousef Saba DUBAI, Jan 12 (Reuters) - Saudi National Bank 1180.SE , the kingdom's largest lender that is 50.4% indirectly owned by the government, sold $750 million in debut "sustainable" sukuk on Wednesday after demand topped $3.2 billion, a bank document showed. The five-year Islamic bonds
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led investors in Aramco oil pipelines hire banks for dual-tranche bonds

(Updates with details, background) By Yousef Saba DUBAI, Jan 10 (Reuters) - A group of institutional investors that last year took a stake in Saudi Aramco's oil pipelines network has hired Citi C.N and JPMorgan JPM.N to help refinance a loan that backed the deal, bank documents and an investor presentation showed on Monday. A consortium led by U.S.
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Saudi Arabia's biggest lender hires banks for sustainable sukuk -document

DUBAI, Jan 10 (Reuters) - Saudi National Bank, the kingdom's biggest lender, has mandated banks to arrange investor meetings ahead of a planned issuance of inaugural sustainable Islamic bonds or sukuk, a document seen by Reuters showed. SNB has mandated HSBC as sole ESG structuring agent, and Citigroup, Emirates NBD Capital, Goldman Sachs, HSBC, Mi
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Abu Dhabi solar firm Sweihan aims to raise over $700 mln with green bond issue

By Yousef Saba DUBAI, Jan 10 (Reuters) - Abu Dhabi solar energy firm Sweihan PV Power Company aims to raise more than $700 million through the sale of amortising green bonds, an investor presentation reviewed by Reuters on Monday showed. Sweihan owns the Noor Abu Dhabi solar plant, the largest such facility in the United Arab Emirates, which began
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JPMorgan to boost Asia private banking headcount by over 100 this year - sources

By Kane Wu and Julie Zhu HONG KONG, Jan 10 (Reuters) - JPMorgan Chase & Co JPM.N plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region's wealth. About a fifth of its new hires will focus on client
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HSBC, UBS order Hong Kong office changes as COVID cases rise

By Scott Murdoch HONG KONG, Jan 6 (Reuters) - Banks in Hong Kong including HSBC Holdings Plc HSBA.L and UBS Group AG UBSG.S are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases. HSBC, which is one of the biggest employers in
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U.S. appeals court revives Libor-rigging claims against banks

By Jonathan Stempel NEW YORK, Dec 30 (Reuters) - A U.S. appeals court on Thursday revived litigation accusing a slew of large banks of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost profits at investors' expense and make the banks appear healthier than they were. The 2nd U.S. Circuit Court
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HSBC gets approval to buy out China life insurance joint venture

LONDON, Dec 30 (Reuters) - HSBC HSBA.L said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services. HSBC has got clearance from the Shanghai office of the China Banking and Insurance Regulatory Commission to buy the r
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UK Stocks-Factors to watch on Dec. 24

Dec 24 (Reuters) - Britain's FTSE 100 .FTSE index is opened 0.1% higher on Friday. * RECKITT: Reckitt Benckiser RKT.L said it will sell its E45 skincare brand and related sub-brands to Karo Pharma KARO.ST for 200 million pounds, as the British consumer goods maker shifts its focus to higher growth areas. * RIO: Rio Tinto RIO.L plans to pause its li
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UK Stocks-Factors to watch on Dec. 24

Dec 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.1%. * RIO: Rio Tinto RIO.L plans to pause its lithium project in western Serbia after a municipality in the west of the country scrapped a plan to allocate land for the mine, the Beta news agency reported on Thursday, quoting the CEO of Rio'
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UK Stocks-Factors to watch on Dec. 17

Dec 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.27%. * HSBC: Britain's financial regulator said that it had fined HSBC HSBA.L 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes. * JOHNSON MATTHEY: Chemicals maker Johnson Matthey JMAT.L will sell its
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HSBC fined $85 mln for UK anti-money laundering failings

By Iain Withers LONDON, Dec 17 (Reuters) - HSBC HSBA.L has been fined 64 million pounds ($85 million) by British regulators for failings in its anti-money laundering processes spanning eight years. The Financial Conduct Authority (FCA) said it had found that three key parts of HSBC's transaction monitoring systems in Britain showed serious weakness
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HSBC fined $85 mln for anti-money laundering failings

LONDON, Dec 17 (Reuters) - Britain's financial regulator said on Friday that it had fined HSBC HSBA.L 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes. The Financial Conduct Authority said it had found that three key parts of HSBC's transaction monitoring systems showed serious weaknesses over a period of ei
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