Profit at Europe's largest bank, HSBC, was up 10% in the first half of this year compared to a year ago on strong earnings in Hong Kong.
A world-renowned US economist who was part of a secret “Plan B” team devised by Greece's former finance minister, has denied being involved in a “criminal gang” intent on bringing the drachma back to the country.
ATHENS Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected.
The former leader of the Conservative Party, Lord Howard of Lympne, is to be questioned by the Serious Fraud Office over the coming days in relation to a criminal investigation into an oil explorer where he is chairman.
Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.