TORONTO: Thomson Reuters Corp. said Tuesday it would cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline...
LONDON: Britain has cut its stake in Lloyds Banking Group by a further percentage point to under 15 percent, accelerating its drive to return the bailed-out...
LONDON / HONG KONG: HSBC Holdings Plc could announce thousands of job cuts at a strategy day next week, Sky News reported Monday, part of chief executive...
LONDON: Barclays set aside another 800 million pounds ($1.2 billion) Wednesday to cover potential settlements for alleged foreign exchange manipulation,...
LONDON: Britons are using Internet and mobile banking for transactions worth nearly 1 billion pounds ($1.7 billion) a day and branch use is falling sharply,...
LONDON: Bankers who are reckless with customers’ or taxpayers’ money could face criminal charges and have bonuses and pensions clawed back, according to...
BOURNEMOUTH, England: British banks that fail to shield their day-to-day banking from risky investment activities will face being broken up, Finance Minister...
LONDON: British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex...
LONDON: Nationwide, Britain's biggest customer-owned financial services group, is interested in bidding for 316 branches being sold by Royal Bank of Scotland...
LONDON: A U.S. fine for anti-money laundering rule breaches could cost HSBC notably more than $1.5 billion and is likely to lead to criminal charges,...
LONDON/FRANKFURT: U.S. authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening...
LONDON/NEW YORK: Standard Chartered is pursuing a collective settlement with other U.S. authorities after agreeing to pay $340 million to New York’s...
NEW YORK/LONDON: British bank Standard Chartered is trying to reach an early settlement over charges it hid $250 billion of transactions tied to Iran, backing...
LONDON: Revelations of lax anti-money laundering controls at HSBC are “shameful and embarrassing” for Europe’s biggest bank, its boss said...
LONDON: The European Banking Authority said there remained significant challenges ahead for Europe’s banks after they successfully met new requirements...
LONDON: Barclays Plc chief executive Bob Diamond quit Tuesday under fire from politicians, the highest-profile casualty of an interest rate-rigging scandal...
LONDON: Royal Bank of Scotland (RBS) was expected to face a bill of 100 million pounds ($156 million) or more from last week's computer systems failure...
LONDON: Downgrades by ratings agency Moody’s will make funding more expensive for banks that rely the most on capital markets, while reinforcing the...
LONDON/NEW YORK: The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning...
LONDON:Cash-strapped Britons are staying at home more, watching TV and gambling online, updates from consumer-facing companies showed Thursday, as fears grow...