Barclays, RBS, HSBC, Credit Suisse fined 344 mln euros for forex cartel
European Union antitrust regulators fined Barclays (BARC.L), Credit Suisse (CSGN.S), HSBC (HSBA.L) and RBS (NWG.L) a total of 344 million euros ($390 million) on Thursday for rigging the foreign exchange spot trading market.
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered (STAN.L) forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.
Analysis: Corporate business travel ‘carbon budgets’ loom for airlines
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say.
EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support
The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs
Singapore’s DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia’s biggest lender.
EXCLUSIVE ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures -sources
LONDON/MELBOURNE, Aug 3 (Reuters) – Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being […]
MORNING BID A new sunny day, with the same old clouds
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
Empathy bootcamp? UK banks seek payback on $105 bln COVID loans
As payback time approaches for more than 75 billion pounds ($104 billion) of emergency state-backed loans, Britain’s banks must tread a delicate path with businesses propped up during the pandemic.
Dollar rides high to U.S. jobs test
The U.S. dollar was perched at a 15-month high on the yen and at multi-month peaks against other majors on Friday, as traders wagered strong U.S. labour data could lift it even further.
EU hires banks for first recovery fund bond – lead managers
The European Union on Monday hired banks for a 10-year bond sale, the first to finance its recovery fund, according to two lead managers, a crucial step in financing the bloc’s economic recovery from the coronavirus pandemic.
