Agency reports 18,400 customers have been invited to join review of how banks sold interest-rate hedging products, according to FCA statement today. * Compliance assessments completed on 34% of cases through Nov.: statement * Rate of non-compliant sales was 95%: statement * FCA says 6,100 customers in redress phase through Nov. * “I welcome the fact that these figures show the pace of the banks’ reviews continuing to increase and more businesses and customers are starting to receive compensation payments,” Clive Adamson, FCA director of supervision, says in statement * NOTE: Lloyds Chairman Says Libor, PPI, FX Show ‘Extent of Problems’ NSN MW3STK6JTSF5 <GO>
Graphite Capital Management LLP, the private-equity owner of London’s Hawksmoor restaurant chain, is in exclusive talks to buy U.K. care-home operator City & County Healthcare Group from Sovereign Capital Partners LLP, said two people familiar with the matter.
Standard Chartered Plc slumped to the lowest in three months in Hong Kong trading after the lender said full-year operating profit at its consumer-banking unit will drop at least 10 percent, hurt by its Korean business.
Bank of Ireland Plc will redeem some of the government’s preferred shares in the company, helping the state to more than recoup the 4.8 billion-euro ($6.5 billion) cost of rescuing of the country’s largest lender.
Standard Chartered Plc, the U.K. lender that makes about three-quarters of its earnings in Asia, may end 11 years of record profits as a loss at the Korean unit undermines revenue at the consumer-banking division.