Natwest Share News (NWG)

Ten big banks settle US interest rate swaps rigging litigation

NEW YORK, June 27 (Reuters) - Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps.

Bank of England highlights private equity vulnerabilities

LONDON, June 27 (Reuters) - Risk management in the private equity sector needs improving, the Bank of England said on Thursday, particularly as the period of low interest rates ends and leads to higher financing costs for risky debt in a highly leveraged industry.

EARNINGS AND TRADING: PureTech seals tender offer; HL bid questioned

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Barclays cuts Ryanair and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

London close: Stocks rise as BoE holds interest rates

(Sharecast News) - London stocks ended Thursday on a positive note following the Bank of England's decision to maintain interest rates, aligning with market expectations despite the backdrop of decreasing inflation.

TOP NEWS: Sainsbury's pays NatWest GBP125 million to take on bank arm

(Alliance News) - NatWest Group PLC on Thursday agreed to buy the retail banking assets and liabilities of Sainsbury's Bank from J Sainsbury PLC.

LONDON MARKET OPEN: FTSE 100 climbs before BoE takes centre-stage

(Alliance News) - Stock prices in London largely opened higher on Thursday, in somewhat confident trade ahead of a Bank of England interest rate decision, which comes in the wake of the UK inflation rate returning to target.

NatWest swoops on retailer Sainsbury's banking business

LONDON, June 20 (Reuters) - NatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury's, the companies said on Thursday, in a deal that would increase the British lender's assets by 2.5 billion pounds ($3.2 billion).

LONDON BRIEFING: Sainsbury's sells core banking arm to NatWest

(Alliance News) - London's FTSE 100 is set to trade higher in morning dealings, before focus on Thursday afternoon turns to an expected interest rate hold by the Bank of England.

NatWest to buy Sainsbury's core banking unit for £2.5bn

(Sharecast News) - Sainsbury's has announced it is selling its core banking business, comprising £2.5bn of outstanding credit card, unsecured personal loan and saving accounts, to NatWest and plans to return a tenth of that amount to shareholders.

UK supermarket Sainsbury's to sell banking unit to Natwest

LONDON, June 20 (Reuters) - British supermarket Sainsbury's said on Thursday it had agreed to sell most of its banking unit to Natwest and expected the sale to complete in the first half of next year.

(Reporting by Sarah Young; Editing by Kate Holton)

UK's Labour pledges to plug gaps left by bank branch closures

LONDON, June 17 (Reuters) - Britain's Labour Party said on Monday it would give regulators new powers to significantly increase the number of 'banking hubs' on high streets if voted into government next month.

LONDON BROKER RATINGS: Goldman Sachs cuts SSP Group to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

LONDON MARKET MIDDAY: London up ahead of US Fed and inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, ahead of an interest rate decision and inflation data from the US.

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.