RBS ordered to hand over documents in shareholder cash call case
LONDON (Reuters) – Royal Bank of Scotland on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, 12 billion pound ($15 billion) share sale in 2008.
Only five non-OPEC producers so far attending talks to widen output cut
LONDON/DUBAI (Reuters) – Only five of 14 non-OPEC oil producers have agreed so far to meet the group on Saturday for talks aimed at widening a deal to reduce output, casting doubt on whether OPEC will secure the full cuts it is seeking, two OPEC source…
U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed
WASHINGTON (Reuters) – The net worth of U.S. households increased in the third quarter as U.S. stock prices and real estate values continued to flourish, a report by the Federal Reserve showed on Thursday.
Lower for longer, ECB scales back asset buys
FRANKFURT (Reuters) – The European Central Bank trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the program away.
McDonald’s to move international tax base to UK amid EU scrutiny
(Reuters) – McDonald’s Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country.
EU takes legal action against Germany, UK over Volkswagen scandal
BRUSSELS (Reuters) – The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen scandal.
SEC chair says mistake to weaken post-crisis financial reforms
WASHINGTON (Reuters) – The outgoing chair of the U.S. Securities and Exchange Commission said on Thursday that reforms made by the agency after the financial crisis are indispensable to investors and markets and should not be undone.
IMF says retains confidence in Lagarde over French trial
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that its executive board continues to be briefed on the French court case involving Managing Director Christine Lagarde and retains confidence in her ability to lead the internatio…
In quiet times, Barclays bets on investment banking in Brexit UK
LONDON (Reuters) – Barclays Plc is taking a contrarian bet that Britain’s vote to leave the European Union will help it win more investment banking business in its home market, despite the sharp slowdown in deal activity since the referendum.
Exclusive: Bangladesh panel finds insiders negligent in central bank heist
DHAKA (Reuters) – A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on …
