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.
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.
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.
* Chairman, COO to step down from roles
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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.
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.
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.
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.
* Bank reports Q3 loss of 2.2 mln stg and deposit outflows
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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.