Banks
Bell Pottinger dumped by PR association, HSBC, over South Africa campaign
LONDON Leading PR agency Bell Pottinger was thrown out of its British industry association on Tuesday and lost global banking giant HSBC as a client over a campaign judged to have deliberately stoked racial tensions in South Africa. | Video
HKEX CEO says talks to win Saudi Aramco listing "will never stop"
HONG KONG Hong Kong Exchanges & Clearing Ltd (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday.
Russian central bank launches new rouble liquidity tool for banks
MOSCOW The Russian Central Bank said on Monday it had launched a new mechanism for providing struggling banks with extra rouble liquidity.
Heads roll at Australia's CBA amid money-laundering scandal
SYDNEY Commonwealth Bank of Australia , the country's biggest lender, announced a major board shake-up on Monday as it scrambles to shore up investor support following allegations it oversaw thousands of breaches of anti-money laundering rules.
Nine years on, another Lehman Brothers bankruptcy
WILMINGTON, Del Two affiliates of Lehman Brothers, the U.S. investment bank that collapsed in 2008 and fuelled an economic crisis, filed for Chapter 11 bankruptcy late on Thursday, a reminder of the complexity of unwinding a global financial institution.
China's Legend buys Luxembourg's BIL bank for $1.8 billion in landmark European expansion
HONG KONG China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) for 1.48 billion euros ($1.76 billion) in the biggest takeover of a European deposit-taking bank by a Chinese firm so far.
Wells Fargo uncovers more fake accounts in drawn-out scandal
Wells Fargo & Co hiked the tally of accounts that were potentially opened without customers' knowledge by over a million on Thursday after an expanded review of improper sales practices. | Video
Goldman plots return to banking growth mode through hires, investments
HONG KONG Goldman Sachs Group Inc plans to add about half a dozen senior bankers over the next six months or so and invest more in Asia using its balance sheet as the Wall Street firm seeks to switch to a growth mode in investment banking, a top executive said. | Video
BHP hires Barclays, Citi for U.S. shale gas divestment - sources
LONDON BHP Billiton , the world's largest miner, has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion (7.76 billion pounds), two banking sources said.
Russia bank rescue eases market concerns about contagion
MOSCOW A central bank rescue of Russian bank Otkritie has eased market concerns that other banks could be in trouble, prompting banking stocks to reverse three days of losses.
