craig-johnson

HSBC says to shut down India private banking business

HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy. “After a strategic review of the global private banking operations in India

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HSBC says to shut down India private banking business

craig-johnson

WTO talks stuck again as ministers prepare to meet, Azevedo says

By Tom Miles GENEVA (Reuters) – World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. “We clearly

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WTO talks stuck again as ministers prepare to meet, Azevedo says

craig-johnson

Barclays fined for lax crime checks in ‘deal of century’

By Steve Slater and Huw Jones LONDON (Reuters) – Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.” Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse. “Barclays did not follow …

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Barclays fined for lax crime checks in ‘deal of century’

craig-johnson

Thanksgiving shopping crowds ‘good not great’; online sales strong

PITTSBURGH/CHICAGO (Reuters) – Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped. “It's still early, and from what we are seeing so far the crowds are good but not…

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Thanksgiving shopping crowds ‘good not great’; online sales strong