Mike Trippitt News
-
Barclays Plc, Britain’s second- biggest bank by assets, posted first-quarter profit that beat analyst estimates as revenue at its investment banking unit rebounded from the fourth quarter.
-
U.K. stocks dropped, erasing an earlier advance for the benchmark FTSE 100 Index, as energy companies declined after a gas leak at Total SA’s North Sea oil- and-gas rig continued for a third day.
-
Barclays Plc, the only U.K. consumer bank not to have scrapped its profitability target amid Europe’s debt crisis, will struggle to reach the goal without cutting costs as revenue from investment banking falls, analysts said.
-
Barclays Plc Chief Executive Officer John Varley gave an “absolute” commitment to Absa Group Ltd. , five years after he led the $4.48 billion acquisition of the South African bank.
-
Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the Fed will probably need to raise interest rates before mid-2013 and that policy makers should have waited to see how the economy performed before pledging to hold rates at record lows for two years.
-
DBS Group Holdings Ltd ., Southeast Asia’s biggest bank, said it will take over Royal Bank of Scotland Group Plc’s retail and commercial banking businesses in China.
-
HSBC Holdings Plc Chief Executive Officer Michael Geoghegan should stay in his post and spurn any offer to become chairman, according to banking analysts.
-
The British government commission that convenes tomorrow is unlikely to propose breaking up the country’s biggest banks after three of the five biggest lenders threatened to leave the country rather than accept change.
-
Banks criticized Franco-German plans for a tax on financial transactions, saying they will jeopardize economic growth and distort markets, as the British, Dutch and Swedish governments distanced themselves from the proposals.
-
Standard Chartered Plc, the British bank that makes most of its earnings in Asia, may say net income rose in the first half of the year, as the lender controls costs to chase its eighth successive year of record profit.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page