british

Investor George Soros calls for reconstruction of EU after ‘Brexit’ vote

(Reuters) – Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the bloc makes “disintegration of the EU practically irreversible.” Soros, who warned of financial meltdown if Britain voted to leave the EU before Thursday&#…

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Investor George Soros calls for reconstruction of EU after ‘Brexit’ vote

british

Brexit a knockout punch to Fed’s interest rate divergence mantra

By Howard Schneider WASHINGTON (Reuters) – Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past 18 months the Fed has blinked more than once, and refrained from…

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Brexit a knockout punch to Fed’s interest rate divergence mantra

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Citigroup resolves ‘technical issue’ that left accounts frozen

(Reuters) – Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts remotely. Customers had taken to social media to complain about the outage, which affected several U.S. states, including New York, Pennsylvania and California, according to Bloomberg. “We experienced a brief technical issue that

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Citigroup resolves ‘technical issue’ that left accounts frozen

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Top U.S. regulators say financial system functioning in ‘orderly manner’

U.S. financial regulators on Friday said the country's financial system is functioning in an “orderly manner” after Britain voted to leave the European Union and sent markets around the globe reeling. The Financial Stability Oversight Council – which includes the heads of the U.S. Treasury, Securities and Exchange Commission and Federal Reserve – “noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments

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Top U.S. regulators say financial system functioning in ‘orderly manner’

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Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

british

ICE may have more time to consider bid for London bourse

By Sophie Sassard and Huw Jones LONDON (Reuters) – London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain's EU referendum, handing more time to Intercontinental Exchange to decide whether to make a counter-bid for the British bourse. LSEG had been expected to hold a special shareholder meeting to approve the merger with Deutsche Boerse before Britain votes on June 23 on whether to quit the EU. …

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ICE may have more time to consider bid for London bourse

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, on Tuesday begins a two-day, appeal against his conviction and a 14-year jail sentence, one of the toughest to date for white collar crime. The London case is being heard by Lord Chief Justice John Thomas — the head…

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

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