Lloyds seeks ‘lower’ ringfence to save investment banking business: FT
(Reuters) – Lloyds Banking Group Plc is in talks with Britain’s Prudential Regulation Authority over “ringfencing” rules in an attempt to save its investment banking functions, the Financial Times reported on Sunday.
After rejecting UAW, VW workers may still get works council
CHATTANOOGA, Tenn./WASHINGTON (Reuters) – Workers at Volkswagen AG’s Chattanooga, Tennessee, plant may have voted against joining the United Auto Workers union last week but they may still gain some representation in the company through the formation o…
After rejecting UAW, VW workers may still get works council
CHATTANOOGA, Tenn./WASHINGTON (Reuters) – Workers at Volkswagen AG’s Chattanooga, Tennessee, plant may have voted against joining the United Auto Workers union last week but they may still gain some representation in the company through the formation o…
Asia stocks supported; falling dollar a burden for Nikkei
SYDNEY (Reuters) – Asian markets could take heart on Monday after Wall Street managed to look past more soft U.S. data, though Japanese stocks will be pressured by a stronger yen as the dollar loses altitude.
Regling: euro-zone banks in good shape before stress test: newspaper
BERLIN (Reuters) – The head of the euro zone’s bailout funds, Klaus Regling, said that he believes banks in Spain, Portugal, Cyprus, Greece and Ireland are in good shape and that there will not be any surprises in European Central Bank stress tests due…
UAW legal test of Volkswagen vote would be problematic
WASHINGTON (Reuters) – Workers at a Tennessee Volkswagen AG plant were bombarded with strong anti-union messages before and during their vote to reject unionizing last week, but a legal challenge to the outcome over unfair interference would be difficu…
Fed to shed light on frozen U.S. economy
BRUSSELS (Reuters) – The Federal Reserve’s stimulus taper and China’s slowdown, twin factors behind this year’s emerging market sell-off, will come firmly into view in the week ahead with minutes from the former and a leading survey on the latter.
VW works council says will pursue labor representation at U.S. plant
HAMBURG/BERLIN (Reuters) – Volkswagen’s works council said it would press on with efforts to set up labor representation at its Chattanooga, Tennessee plant, undeterred by a workers’ vote against any such step involving the United Auto Workers union (U…
Foreign banks bracing for tough U.S. Fed capital rules
WASHINGTON (Reuters) – Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will g…
Peugeot family to vote on carmaker’s future on Monday
PARIS (Reuters) – The Peugeot family, the largest shareholder in PSA Peugeot Citroen , will meet on Monday to decide whether to give its blessing to two deals aimed at securing the French carmaker’s future, a source close to the matter said.
