LONDON: Banks that are worried about breaching anti-money laundering and other compliance rules have axed the number of correspondent banking relationships in...
BENGALURU: Visa Inc. said Monday it would buy former subsidiary Visa Europe Ltd. in a deal valued at up to 21.2 billion euros ($23.34 billion), putting the...
SINGAPORE/LONDON: Standard Chartered’s new Chief Executive Bill Winters plans to cut up to a quarter of the bank’s most senior staff to reduce costs,...
HONG KONG/LONDON: HSBC pledged a new era of higher dividends Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a...
LONDON: Barclays set aside another 800 million pounds ($1.2 billion) Wednesday to cover potential settlements for alleged foreign exchange manipulation,...
LONDON: HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on U.K. banks makes...
LONDON: British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks as early as...
LONDON: Britain’s big banks could be broken up after the country’s new competition watchdog set out plans for an 18-month investigation into services for...
LONDON/HONG KONG: Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S....
LONDON: Barclays PLC said it was bringing in outside help to speed up an investigation into alleged misconduct in its “dark pool” operations, which have...
LONDON: Five of Britain’s biggest investors are set to file lawsuits against Royal Bank of Scotland next week, saying they were misled over its massive rights...
LONDON: European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk should...
HONG KONG/LONDON: Standard Chartered faced a protest from over 20 percent of shareholders over its board structure on Wednesday and warned it could miss this...
LONDON: HSBC was forced into its biggest restructuring in almost 150 years because the bank's complex structure and wide geographical spread had made it...
LONDON/ZURICH: The former chief executive of UBS blamed "mercenaries" for its role in the global interest-rate rigging scandal that has further undermined the...
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: Spain's Santander dramatically pulled out of its 1.65 billion pound ($2.65 billion) deal to buy 316 UK branches from Royal Bank of Scotland late on...
LONDON: Barclays Plc's new boss promised to move quickly and boldly to reform the scandal-hit bank, signalling possible retrenchment in investment banking...
LONDON: Barclays named retail banker Antony Jenkins as chief executive Thursday, signaling a shift of emphasis from investment banking after the interest...
NEW YORK/LONDON: Standard Chartered won some help from Britain’s central bank governor Wednesday in its fightback against the New York banking...
LONDON: Revelations of lax anti-money laundering controls at HSBC are “shameful and embarrassing” for Europe’s biggest bank, its boss said...
LONDON: Nineteen of Jorgen Persson's rivals at London 2012 weren't even born when the Swede made his Olympics table tennis debut. Such is the lot of a...
LONDON: The European Banking Authority said there remained significant challenges ahead for Europe’s banks after they successfully met new requirements...
LONDON: Barclays investment banking boss Rich Ricci was in tears when he addressed his traders after the sudden exit of CEO Bob Diamond this week, as a...
LONDON: In November 2010, rumors swirled through financial markets that Spanish bank BBVA was suffering a run on its deposits. The share price fell before...