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India

Lawrence White

UK's Tesco to sell $4.7 billion mortgage book as competition bites

21 May 2019

LONDON Britain's biggest retailer Tesco will stop mortgage lending at its banking business because of tough market conditions, it said on Tuesday, as rival lender Nationwide Building Society reported a drop in profit margins.

Standard Chartered hit by investor protest over CEO pay

08 May 2019

LONDON Standard Chartered has become the latest British firm to attract investor criticism of executive pensions, although shareholders stopped short of blocking the lender's pay plans outright in a vote on Wednesday.

StanChart faces potential investor revolt over CEO pay

08 May 2019

LONDON, May 8 Standard Chartered could face a shareholder rebellion on Wednesday over the bank's pay plans for senior executives, the latest in a series of potential revolts over bosses pension payouts at top British firms.

Asia powers HSBC profit beat as trading arm languishes

03 May 2019

HONG KONG/LONDON HSBC Holdings PLC smashed forecasts with a 31 percent rise in first quarter profit, bolstered by a surge in income from its core Asian business and lower costs that outweighed a poor performance from investment banking.

Rebel Bramson defeated in bid for board seat to reform Barclays

03 May 2019

LONDON Activist investor Edward Bramson lost his battle for a seat on the board at Barclays after shareholders voted against his bid to overhaul the under-fire investment bank from within.

One-off costs hit Lloyds Bank profit as rate hike hopes fade

02 May 2019

LONDON Lloyds Banking Group has given up hope of a profit-boosting rise in interest rates before 2020, Britain's biggest mortgage lender said on Thursday, after surprise one-off costs led it to miss quarterly earnings forecasts despite robust underlying profits.

Großbank Lloyds profitiert von Sparkurs

02 May 2019

Frankfurt Für die britische Großbank Lloyds zahlt sich der Sparkurs aus.

Metro Bank shares tumble to record low after weak earnings

02 May 2019

LONDON Shares in Britain's Metro Bank fell by a fifth on Thursday after it said its first quarter profits had halved and some depositors had withdrawn funds following a major accounting error disclosed in January.

CORRECTED-UPDATE 1-Metro Bank shares tumble to record low after weak earnings

02 May 2019

* 350 mln stg capital raise could require discount to succeed

UPDATE 2-One-off costs hit Lloyds Bank profit as rate hike hopes fade

02 May 2019

* Bank says no decline in credit quality despite Brexit fears

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