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Major Stock Markets Rise Before Fed Rate Decision
Major stock markets mostly rose Wednesday on soothing worries over the banking sector, according to analysts.
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Big Tech Should Reimburse Victims of Online Scams, British Lawmakers Say
Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing epidemic of online fraud in Britain.
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US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
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European Union Banks On 'Bloody Difficult' Theresa May For Brexit Talks
EU leaders hope Theresa May is re-elected on Thursday, ideally with a bigger majority, even though the British prime minister has said this would help her drive a harder bargain on Brexit.
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Infosys Denies Sacking 500 Employees, Says A Few Asked To Leave
Infosys on Monday denied a news report that it has asked 500 employees to leave over performance issues after India's second biggest outsourcer suffered the jolt of a big contract cancellation from British banking major RBS.
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HSBC India at Centre of Fresh Tax Evasion Claims: Report
HSBC's Indian banking unit is at the heart of fresh revelations around tax evasion, days after a global expose showed tax dodging through accounts in the British major's Swiss banking unit, a media report said on Sunday.
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Shriti Vadera Set to Become First Woman to Head Major British Bank
Indian-origin Shriti Vadera has been appointed as chairman of Santander UK, becoming the first woman to head a major British bank.
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HSBC aims to sell stake in Iraq's Dar es Salaam
British banking giant HSBC said on Tuesday that it is seeking to sell off its majority stake in Iraq's Dar es Salaam Investment Bank.
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Subsidiary route: HSBC says ready to follow RBI norms
British banking major HSBC is willing to take whichever route the Reserve Bank prescribes for it to operate in the country, including going the subsidiary way, a top official has said. "We will move whichever way the RBI requires us to do," HSBC India country head, Naina Lal Kidwai, told PTI on the sidelines of an event here, when asked if the bank...
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RBS starts shutting down branches, to retrench staff
British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country.
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At UBS, rate manipulators called each other 'Superman', 'Hero'
In their manipulation of global reference interest rate LIBOR, traders and brokers of Swiss banking major UBS referred to each other as 'Superman', 'Hero' and 'Captain Chaos', a joint probe by the British and Swiss regulators found today.
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RBS to wind down retail, commercial banking in India
British banking major RBS today said it is exploring other options for winding down its retail and commercial banking businesses in India, after a proposed sale of these assets to HBSC has fallen through.
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In HP-Autonomy debacle, many advisers but little good advice
When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction -- and none raised a flag about what HP said Tuesday was a major accounting fraud. HP stunned Wall Street with the allegations about its British software unit and took an $8.8 billion writedown...
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Vacancy alert: Needed someone to run the Bank of England
British Treasury chief George Osborne says he will be advertising a major job for the first time ever: governor of the Bank of England.
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UK treasury chief unveils bank restructuring plan
The British government says it will legislate sweeping changes in banking regulation that are aimed at protecting the economy from excessive risk but could prove costly for the country's major banks.
-
Major Stock Markets Rise Before Fed Rate Decision
Major stock markets mostly rose Wednesday on soothing worries over the banking sector, according to analysts.
-
Big Tech Should Reimburse Victims of Online Scams, British Lawmakers Say
Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing epidemic of online fraud in Britain.
-
US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
-
European Union Banks On 'Bloody Difficult' Theresa May For Brexit Talks
EU leaders hope Theresa May is re-elected on Thursday, ideally with a bigger majority, even though the British prime minister has said this would help her drive a harder bargain on Brexit.
-
Infosys Denies Sacking 500 Employees, Says A Few Asked To Leave
Infosys on Monday denied a news report that it has asked 500 employees to leave over performance issues after India's second biggest outsourcer suffered the jolt of a big contract cancellation from British banking major RBS.
-
HSBC India at Centre of Fresh Tax Evasion Claims: Report
HSBC's Indian banking unit is at the heart of fresh revelations around tax evasion, days after a global expose showed tax dodging through accounts in the British major's Swiss banking unit, a media report said on Sunday.
-
Shriti Vadera Set to Become First Woman to Head Major British Bank
Indian-origin Shriti Vadera has been appointed as chairman of Santander UK, becoming the first woman to head a major British bank.
-
HSBC aims to sell stake in Iraq's Dar es Salaam
British banking giant HSBC said on Tuesday that it is seeking to sell off its majority stake in Iraq's Dar es Salaam Investment Bank.
-
Subsidiary route: HSBC says ready to follow RBI norms
British banking major HSBC is willing to take whichever route the Reserve Bank prescribes for it to operate in the country, including going the subsidiary way, a top official has said. "We will move whichever way the RBI requires us to do," HSBC India country head, Naina Lal Kidwai, told PTI on the sidelines of an event here, when asked if the bank...
-
RBS starts shutting down branches, to retrench staff
British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country.
-
At UBS, rate manipulators called each other 'Superman', 'Hero'
In their manipulation of global reference interest rate LIBOR, traders and brokers of Swiss banking major UBS referred to each other as 'Superman', 'Hero' and 'Captain Chaos', a joint probe by the British and Swiss regulators found today.
-
RBS to wind down retail, commercial banking in India
British banking major RBS today said it is exploring other options for winding down its retail and commercial banking businesses in India, after a proposed sale of these assets to HBSC has fallen through.
-
In HP-Autonomy debacle, many advisers but little good advice
When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction -- and none raised a flag about what HP said Tuesday was a major accounting fraud. HP stunned Wall Street with the allegations about its British software unit and took an $8.8 billion writedown...
-
Vacancy alert: Needed someone to run the Bank of England
British Treasury chief George Osborne says he will be advertising a major job for the first time ever: governor of the Bank of England.
-
UK treasury chief unveils bank restructuring plan
The British government says it will legislate sweeping changes in banking regulation that are aimed at protecting the economy from excessive risk but could prove costly for the country's major banks.
