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India

Lawrence White

HSBC says it supports China's security law for Hong Kong

7:21pm IST

LONDON HSBC's top executive in Asia has signed a petition backing China’s imposition of a national security law on Hong Kong, an online bank post said on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lender.

HSBC says it supports China's security law for Hong Kong

7:20pm IST

LONDON HSBC's top executive in Asia has signed a petition backing China’s imposition of a national security law on Hong Kong, an online bank post said on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lender.

British lender Nationwide cuts saver benefits after profit slump

29 May 2020

LONDON Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.

UPDATE 2-British lender Nationwide cuts saver benefits after profit slump

29 May 2020

LONDON, May 29 Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.

British finance workers prepare for return to office of the future

21 May 2020

LONDON Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus.

Banks baffle investors as art meets science in accounting rule

04 May 2020

LONDON Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors.

RBS scraps Bó as profit halved by $1 billion coronavirus provision

01 May 2020

LONDON Royal Bank of Scotland's profit halved in the first quarter as it set aside 802 million pounds ($1 billion) to cover an expected spike in bad loans due to the coronavirus pandemic, the state-backed lender said on Friday. | Video

Barclays' investment bank cushions coronavirus hit to profits

29 Apr 2020

LONDON A stellar performance from Barclays' investment bank in the first quarter helped to soften a blow to the bank's profits from a 2.1 billion pound bad debt provision to cover loan losses from the coronavirus crisis.

Barclays CEO says 'putting 7,000 people in a building may be thing of the past'

29 Apr 2020

LONDON The coronavirus pandemic could permanently change how many bankers make the daily trudge into tightly packed city centre offices, Barclays CEO Jes Staley said on Wednesday.

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