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India

Sinead Cruise

Woodford analysis suggests investors may lose a third of their money

14 Nov 2019

LONDON Investors in British money manager Neil Woodford's flagship fund could lose more than 1 billion pounds, four times more than had it reopened in December, according to estimates made by his firm before the shock closure of the fund.

HSBC and RBS set to launch new digital banking platforms

11 Nov 2019

LONDON British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.

Lloyds profit slumps after PPI hit and bad loan surge

31 Oct 2019

LONDON Lloyds Banking Group came close to suffering a shock third-quarter pretax loss on Thursday after an increase in bad loans and a fresh 1.8 billion pounds ($2.3 billion) provision for mis-sold loan insurance payouts.

UPDATE 2-Lloyds profit slumps after PPI hit and bad loan surge

31 Oct 2019

* Chairman, COO to step down from roles (Adds detail, shares)

HSBC, StanChart results to show Hong Kong protests are starting to gnaw

25 Oct 2019

HONG KONG/LONDON HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit centre for the two banks, when they report quarterly earnings next week.

RBS tipped back into loss by NatWest Markets, mis-selling hit

24 Oct 2019

LONDON Royal Bank of Scotland highlighted the challenges facing its new chief executive Alison Rose on Thursday as a weak performance at its investment bank NatWest Markets and yet another mis-selling charge tipped it into a third-quarter loss.

REFILE-UPDATE 2-RBS tipped back into loss by NatWest Markets, mis-selling hit

24 Oct 2019

LONDON, Oct 24 Royal Bank of Scotland highlighted the challenges facing its new chief executive Alison Rose on Thursday as a weak performance at its investment bank NatWest Markets and yet another mis-selling charge tipped it into a third-quarter loss.

Metro Bank reports third-quarter loss, deposit outflows as Chairman exits

23 Oct 2019

LONDON Britain's troubled Metro Bank reported a loss for the third quarter, said its chairman Vernon Hill has stepped down two months early, and warned it may have to curb its growth plans as it battles to recover from an accounting scandal.

UPDATE 3-Metro Bank reports Q3 loss, deposit outflows as Chairman exits

23 Oct 2019

* Bank reports Q3 loss of 2.2 mln stg and deposit outflows (Recasts, adds Q3 loss, CEO quote)

Fallen fund star Woodford's firm suffers ignominious end

16 Oct 2019

LONDON Once one of Britain's most celebrated money managers and idolized by a legion of investor devotees, the collapse of Neil Woodford's business has been swift and brutal.

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