Steven Slater
Top lenders back Greek bond swap plan
Mar 05, 2012 11:12 EST
LONDON/ATHENS (Reuters) - Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country back on a sustainable debt-repayment footing.
Barclays taps ECB for 8.2 billion euros of cheap cash
Mar 02, 2012 03:28 EST
LONDON (Reuters) - Britain's Barclays <BARC.L> tapped Europe's central bank for 8.2 billion euros ($10.9 billion) of cheap funding this week, marking a U-turn for the bank as it had been worried about the risk of political interference from taking funds.
Insight: How the Greek debt puzzle was solved
Feb 29, 2012 05:05 EST
BRUSSELS/LONDON (Reuters) - Wolfgang Schaeuble was playing Sudoku on his iPad as he waited to hear whether Greece's negotiating team had persuaded private creditors to accept a bigger loss on their Greek bonds.
Barclays says it alerted UK to "tax efficient" scheme
Feb 28, 2012 06:44 EST
LONDON (Reuters) - Barclays Plc <BARC.L> said any retrospective change to UK tax laws would not have a material impact on its profits and said it alerted the UK government to a "tax efficient" scheme it used, sparking a government clampdown on the tax schemes.
Barclays at centre of UK tax avoidance clampdown
Feb 28, 2012 04:56 EST
LONDON (Reuters) - Barclays Plc <BARC.L> said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than 500 million pounds ($792 million) in tax.
HSBC set for $22 billion profit as Asia lines the clouds
Feb 26, 2012 19:11 EST
LONDON (Reuters) - HSBC Holdings <HSBA.L> <0005.HK> is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
HSBC profits hit $22 billion on Asia growth
Feb 26, 2012 19:11 EST
LONDON (Reuters) - HSBC Holdings <HSBA.L>, Europe's biggest bank, made a $21.9 billion profit last year, the largest among western banks, as its strength in Asia helped it cope with a euro zone debt crisis that has plunged many rivals into huge losses.
HSBC profits hit $21.9 billion, wage costs rise
Feb 26, 2012 19:11 EST
LONDON (Reuters) - HSBC <HSBA.L> just missed analysts' expectations with a near $22 billion profit last year, which marked the biggest profit among western banks thanks to its strength in Asia and other emerging markets.
Lloyds delays turnaround goal after huge loss
Feb 24, 2012 04:32 EST
LONDON (Reuters) - Lloyds <LLOY.L> pushed back a key target of its turnaround plan as the part state-owned British bank posted a 3.5 billion pound ($5.5 billion) annual loss and said a tough economic outlook would hit revenues and income this year.
European bank bonus cuts mask basic pay hikes
Feb 23, 2012 11:12 EST
LONDON (Reuters) - European banks could face more pressure from regulators and politicians worried that big cuts in bonuses have barely dented a high-pay culture sustained by massive hikes in base salaries.
Investment banking drags down Barclays Q4 profit
Feb 10, 2012 02:34 EST
LONDON (Reuters) - Barclays' <BARC.L> key investment bank arm ended 2011 with its worst quarter for three years as the euro zone debt crisis hit bond trading, dragging the British bank's annual profit down on the year before.
Frustration mounts as Greeks seek elusive bailout deal
Feb 08, 2012 06:55 EST
ATHENS (Reuters) - Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.
Greece's creditors leave Athens, talks to continue
Jan 21, 2012 08:36 EST
LONDON/ATHENS (Reuters) - Chief negotiators for Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a chaotic default, sources close to the negotiations told Reuters.
Greek creditors bridle at demands, default fears grow
Jan 16, 2012 03:35 EST
ATHENS/LONDON (Reuters) - Greece must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
Greek default fears grow as creditors bridle at demands
Jan 16, 2012 03:35 EST
ATHENS/LONDON (Reuters) - Greece must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
Greek default fears grow as talks stall
Jan 16, 2012 03:35 EST
ATHENS/LONDON (Reuters) - Greece's private sector creditors warned on Monday that the Athens government must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from international lenders if is to avoid a disorderly default.
Germany rejects rescue fund boost, Greece under pressure
Jan 15, 2012 17:13 EST
BERLIN/MADRID (Reuters) - Germany, the only major euro zone member to retain a top-notch credit rating, refused on Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.
S&P downgrades euro zone rescue fund, Greece pressured
Jan 15, 2012 17:13 EST
BRUSSELS (Reuters) - U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default.
S&P downgrades euro zone rescue fund
Jan 15, 2012 17:13 EST
BRUSSELS (Reuters) - U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default.
S&P downgrades euro zone rescue fund
Jan 15, 2012 17:13 EST
BRUSSELS (Reuters) - U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default.