Keith Bowman
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Barclays axes 3,700 jobs after scandal-hit year
Feb 12, 2013 13:01 EST
Britain's troubled Barclays bank will axe at least 3,700 jobs this year, it announced on Tuesday after revealing that it plunged into the red in 2012 amid the notorious Libor rate-rigging crisis.
Barclays to cut 3,700 jobs after 'reputational damage'
Feb 12, 2013 04:51 EST
Barclays will cut at least 3,700 jobs this year and slash costs, the scandal-hit bank announced on Tuesday as it also revealed that it had plunged into an annual net loss amid the Libor rate-rigging crisis.
GSK unveils expansion plans in India, Nigeria
Nov 26, 2012 08:16 EST
British drugmaker GlaxoSmithKline said it intends to increase its holdings in its Indian and Nigerian divisions, as part of a long-term strategy to expand into emerging markets, in a statement on Monday.
Shell net profit drops by half on lower oil prices
Jul 26, 2012 09:30 EDT
Energy giant Royal Dutch Shell said Thursday that second-quarter net profits tumbled 53 percent to $4.06 billion (3.34 billion euros) on the back of sliding world oil prices and slack demand.
RBS claims 'pleasing progress' though loss triples
May 04, 2012 05:56 EDT
State-rescued Royal Bank of Scotland on Friday announced a first quarter net loss of £1.52 bn, almost three times the amount posted a year earlier.
RBS net loss triples to £1.52 bn on debt charge
May 04, 2012 05:14 EDT
State-rescued Royal Bank of Scotland on Friday announced a first quarter net loss of £1.52 billion (1.87 billion euros, $2.46 billion), almost three times the amount posted a year earlier.
Stocks firm on Greek hopes, dollar up on data
Feb 09, 2012 12:02 EST
LONDON (Reuters) - World stocks rose near a six-month peak on Friday and the dollar hit a 3-1/2 month high against the yen as hopes for a long-awaited Greek bailout deal next week following on from strong U.S. data encouraged investors to buy riskier assets.
Greece hopes keep stocks, euro supported
Jan 26, 2012 20:00 EST
LONDON (Reuters) - World stocks hovered near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish bond yields and a fall in Italy's six-month borrowing costs also supported the euro.
Cautious optimism on EU deal lifts world stocks
Dec 07, 2011 04:59 EST
LONDON (Reuters) - Growing optimism that euro zone leaders are on track to produce a confidence-boosting package of measures to solve the debt crisis at Friday's summit lifted risk appetite on Wednesday, with the euro and global equity markets posting gains.
Cautious optimism on EU deal lifts global stocks
Dec 07, 2011 03:52 EST
LONDON (Reuters) - Growing optimism that euro zone leaders are on track to produce a confidence-boosting package of measures to solve the debt crisis at their weekend summit lifted risk appetite on Wednesday, with the euro and global equity markets posting gains.
Global stocks, euro near 7-week lows
Nov 24, 2011 04:04 EST
LONDON (Reuters) - German government bond yields hit their highest in nearly a month on Thursday and world stocks held near 7-week lows as a weak debt sale the previous day fanned fears the euro zone debt crisis may finally begin to threaten its biggest economy.
Shares gain, euro climbs as Italy in focus
Nov 11, 2011 04:03 EST
LONDON (Reuters) - European shares rose on Friday while the euro held onto modest gains as investors bought beaten-down riskier assets, with markets focused on whether debt-laden Italy could implement tough austerity measures crucial to avoid a euro zone meltdown.
Instant view: Greek parliament votes for austerity plan
Jun 29, 2011 09:40 EDT
ATHENS (Reuters) - Greek Prime Minister George Papandreou won a parliamentary majority in favor of a five-year austerity plan on Wednesday, clearing a major hurdle in Greece's bid to win access to international funding to avoid default.
HSBC bank slashes costs as new boss stamps mark
May 11, 2011 12:44 EDT
HSBC bank on Wednesday unveiled plans to slash costs by up to $3.5 billion within two years, as new boss Stuart Gulliver stamped his mark and drew a line under the global financial crisis.
Instant View: Morgan Stanley profit drops nearly 50 percent
Apr 21, 2011 07:53 EDT
NEW YORK (Reuters) - Morgan Stanley said first-quarter profit dropped nearly 50 percent, hurt by a decline in fixed income trading revenue. The investment bank and brokerage posted net income for shareholders of $736 million, or 50 cents per share, down from $1.411 billion, or 99 cents per share, in the same quarter last year.
Instant view: JPMorgan quarterly profit beats estimates
Apr 13, 2011 07:37 EDT
NEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected increase in first quarter earnings, as it set aside less money to cover bad loans.
Instant view: JPMorgan quarterly profit beats estimates
Apr 13, 2011 07:37 EDT
NEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected increase in first quarter earnings, as it set aside less money to cover bad loans.
Barclays picks American banker Diamond as next chief
Sep 07, 2010 12:39 EDT
Barclays on Tuesday chose US national Bob Diamond as its next chief executive, a banker infamous in Britain for pocketing huge bonuses as head of the lender's highly successful investment banking arm.
Barclays taps Diamond to succeed Varley as CEO
Sep 07, 2010 08:46 EDT
Barclays names investment bank head Robert Diamond to replace retiring CEO John Varley. Robert E. Diamond Jr., who built Barclays PLC into a global powerhouse in investment banking and has been criticized for his lavish pay, will become chief executive next year, the company announced Tuesday.
Barclays picks big bonus banker Diamond as chief
Sep 07, 2010 08:11 EDT
Barclays bank chose US national Bob Diamond as its next chief executive on Tuesday, risking controversy because he has earned huge bonuses as head of the highly successful investment banking arm.
