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British bank News

27 Oct 2016

Barclays bank takes $733 million hit over insurance mis-sell

British bank Barclays on Thursday said it had set aside an extra £600 million ($733 million, 672 million euros) to compensate customers mis-sold insurance, a day after rival Lloyds gave a similar update.

28 Oct 2015

UK bank Barclays names ex JP Morgan banker as new boss

Troubled British bank Barclays on Wednesday announced the appointment of former JP Morgan investment banker James Staley as its new chief executive.

Standard Chartered

05 Aug 2015

Standard Chartered slashes dividend on profit slump

Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of the year, its first result under new leadership as it struggles to return to growth.

29 Jul 2015

Barclays profits jump 45% awaiting new CEO

Barclays increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced Wednesday.

investment bankers

14 Jul 2015

Barclays investment bank in firing line despite change at top

Any investment bankers hoping for an easier ride at British bank Barclays after Chief Executive Antony Jenkins was ousted last week may be in for a surprise.

04 Jun 2015

Swiss prosecutors close HSBC case, bank to pay more than $40 mn

Swiss prosecutors Thursday closed an investigation into allegations British banking giant HSBC's Geneva branch helped clients evade millions of dollars in taxes, after the bank agreed to pay tens of millions in compensation.

23 Feb 2015

Britain sells 1% stake of Lloyds bank for $769 million

The Treasury announced in a statement that the sale has trimmed the government`s stake from 24.9 percent to just under 24 percent.

26 Nov 2014

HSBC unit fined $12.5 mn for unregistered US services

A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services, the Securities and Exchange Commission announced Tuesday.

30 Oct 2014

Barclays bank sets £500m aside for forex probes

"A £500-million provision has been recognised relating to ongoing investigations into foreign exchange with certain regulatory authorities," the London-listed lender revealed in a statement.

01 Sep 2014

CaixaBank to buy Barclays Spain operations

The sale includes Barclay`s retail banking, wealth and investment management and corporate banking businesses in Spain.

Standard Chartered Bank

06 Aug 2014

StanChart India's H1 2014 op profit down 10% to $395 mn

Its operating income dipped to USD 759 million, down from the year ago period's USD 908 million.

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