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BRUSSELS (Reuters) European Union states will be left with little “wriggle room” under plans by the bloc's executive to turn globally agreed tougher bank rules for more than 8,000 lenders into law. The accord, known as Basel III, was endorsed by worl...

LONDON (Bloomberg) HSBC Holdings Plc, the UK bank that made more than half of its profit in Asia last year, aims to add at least 2,000 employees in China and Singapore in the next five years to target wealthy individuals in the region. The London-bas...

LONDON (Reuters) HSBC cut its profitability targets due to the cost of tougher banking regulations and plans to cut costs and overhaul other areas after its annual profits fell short of expectations. Europe’s biggest bank said 2010 pre-tax profit mor...

WASHINGTON (Bloomberg) Four bankers who worked at Credit Suisse Group AG were charged with conspiring to help US clients evade taxes through secret bank accounts, according to an indictment yesterday and people familiar with the matter. Marco Parenti...

Bermuda Commercial Bank (BCB) will have access to investment management services from Canadian firm IceCap Asset Management Ltd after the signing of a global investment advisory agreement. BCB, which is focused solely on commercial, corporate and pri...

ZURICH (Reuters) UBS expects to win more client money for its wealth management business in 2011 and sees a rebound in the investment banking division whose losses almost felled it in the financial crisis. Switzerland’s biggest bank said it had seen ...

LONDON (Reuters) Britain saddled banks with an extra £800 million ($1.3 billion) in tax yesterday, drawing protests from the industry as talks between bosses and ministers over bonuses and lending come to a head. Chancellor of the Exchequer (finance ...

BF&M, HSBC, Digicel, M3 Wireless and Cable & Wireless are among the leading companies in their industries, according to a customer survey released yesterday. The Selected Industry Customer Perception Study for January 2011, which was conducted by Res...

Capital G Bank mortgage holders will see their repayments rise from next month when the bank will raise its lending rate by 0.25 of a percentage point. The move, which takes effect on February 1, will take the bank’s residential and commercial lendin...