LONDON (Reuters) - Drugmaker GlaxoSmithKline (GSK.L) will this week name Philip Hampton, who currently chairs Royal Bank of Scotland (RBS.L), as its next chairman, a person close to the process said on Wednesday.
Hampton is expected to join the GSK board as a non-executive director late this year or early...
SYDNEY/HONG KONG (Reuters) - National Australia Bank (NAB) (NAB.AX) is considering the sale of its life insurance unit worth an estimated $800 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters.
Under new CEO Andrew Thorburn, Australia’s fourth-largest bank by market value hopes...
(Reuters) - Republican Cindy Hyde-Smith won a U.S. Senate special election runoff in Mississippi on Tuesday, the Associated Press projected, defeating a black challenger after a campaign that recalled the state’s history of racist violence.
Hyde-Smith, a white former state lawmaker who was appointed to the Senate in April, overcame...
(Reuters) - Citizens Financial Group Inc (CFG.N) said its initial public offering was priced at $21.50 per share, valuing the U.S. unit of Britain’s Royal Bank of Scotland (RBS.L) at about $12 billion. The IPO, which was priced below the expected range, raised about $3 billion, making it...
LONDON/NEW YORK (Reuters) - British bank Barclays (BARC.L) was hit with a combined $77 million in fines from British and U.S. regulators on Tuesday as the lender continues to be dogged by problems from its past.
Barclays was fined 38 million pounds ($62 million) by Britain’s Financial Conduct Authority (FCA)...
FRANKFURT (Reuters) - German prosecutors have filed charges against Deutsche Bank (DBKGn.DE) co-Chief Executive Juergen Fitschen and several former bank executives in connection with the Kirch media group’s long-running bankruptcy case.
Munich prosecutors have been investigating whether Fitschen and a number of former executives gave misleading evidence during a civil...
NEW YORK (Reuters) - BNP Paribas (BNPP.PA) has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over sanctions violations.
Sean Thornton, a former chief...
PARIS (Reuters) - BNP Paribas SA’s (BNPP.PA) board will decide on the departure and the successor of its chairman Baudouin Prot this week, French daily newspaper Le Figaro reported on Monday.
The report follows weeks of speculation about the departure of Prot, who was the bank’s chief executive at the...
